Home › Circulars › RBI/2025-26/264

SBI gets lead bank role for Goa's new Kushavati district

Current · Source: Reserve Bank of India · RBI/2025-26/264 · issued 30 Mar 2026 · ~1 min read
Quick answerRBI assigns State Bank of India as lead bank for Goa's newly formed Kushavati district, effective March 30, 2026. No changes to lead banks for other Goa districts.
The rule, in the simplest words
How it plays out — a real example

Anita, the SBI branch manager in Panaji, checks the new district list each morning, notes that Kushavati (code 02W) is now under her bank’s lead role, and prepares a draft loan‑plan for the area. She then emails the SBI lead‑bank office and schedules a quarterly bankers' meeting so that other Goa banks can align their branch growth and farmer‑loan targets with her plan.

What changed

The Government of Goa notified the creation of a new district, Kushavati, via a gazette notification dated December 31, 2025. RBI has now designated State Bank of India as the lead bank for this district, assigning it the district working code '02W'.

What it means for you

SBI must now coordinate banking development and credit planning in Kushavati district, including preparing district credit plans and convening bankers' meetings. Other banks operating in Goa should align their branch expansion and priority sector lending strategies with SBI's lead bank role in the new district.

What you must do

Who it affects

State Bank of India (lead bank for Kushavati), All scheduled commercial banks with operations in Goa, Regional rural banks and cooperative banks in Goa, Goa state-level bankers' committee members

❓ Common questions

Regulatory timeline

Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).

What is the new district working code for Kushavati?

The district working code allotted to Kushavati is '02W', which should be read as numeral zero, numeral two, and alphabet W.

Does this change affect lead banks for other districts in Goa?

No. RBI has explicitly stated there is no change in the lead banks of the other districts in the state of Goa.

📜 Read the original circular — full text as issued by RBI
RBI/2025-26/264 FIDD.CO.LBS.BC.No.14/02.08.001/2025-26 March 30, 2026 The Chairman / Managing Director & Chief Executive Officer Lead Banks Concerned Madam/ Dear Sir, Formation of new district in the State of Goa – Assignment of Lead Bank Responsibility The Government of Goa has notified formation of new district, viz., Kushavati in the state of Goa vide Gazette Notification No. 16/29/1/2023-Rev-I/3259 dated December 31, 2025. Accordingly, it has been decided to designate the Lead Bank of the new district as below: Sr No
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2025-26/264 · issued 30 Mar 2026. The plain-English explanation above is BankPulse’s own independent summary.
🧰 Tools — save, print, templates & related
Most relevant forCompliance TeamBranch Manager — Private Bank / SFBBranch Manager — PSU / Co-op / RRB (sanctioning powers)Business Head / Vertical HeadSenior Management / BoardData Science / Analytics
🛠 Banker’s toolkit — checklists & reply templates →
Related circulars · Financial Inclusion & Priority Sector
Small Account Rules for Co-operative Banks – RBI Circular 2011RRB CRR Hiked to 9% from Aug 30, 2008CRR Hiked for RRBs by 50 bps in Two StagesRRBs: PMLA Compliance – CTR, STR, and KYC Software MandateRRB CRR Hiked to 8.25% from May 24, 2008
Browse all departments →
Who does what — compliance checklist
🏦 Branch Manager
  • Review branch network in Goa to ensure coverage in Kushavati district aligns with lead bank's priorities.
  • Communicate the change to your Goa-based regional offices and branch managers for compliance.
📜 Compliance
  • Update internal records to reflect Kushavati as a separate district with lead bank SBI and working code 02W.
  • Coordinate with SBI's lead bank office for district credit plan inputs and quarterly review meetings.
Grouped from the action items above — a single circular may involve more than one team.
Worked example & action-note template

Example: if you are a Compliance officer at a bank this circular applies to (State Bank of India (lead bank for Kushavati), All scheduled commercial banks with operations in Goa, Regional rural banks and cooperative banks in Goa, Goa state-level bankers' committee members), your first concrete step on “SBI gets lead bank role for Goa's new Kushavati district” is: “Update internal records to reflect Kushavati as a separate district with lead bank SBI and working code 02W.” (RBI issued this 30 Mar 2026).

  1. Circular: RBI/2025-26/264 -- SBI gets lead bank role for Goa's new Kushavati district
  2. Issued: 30 Mar 2026
  3. Action required: Update internal records to reflect Kushavati as a separate district with lead bank SBI and working code 02W.
  4. Action required: Coordinate with SBI's lead bank office for district credit plan inputs and quarterly review meetings.
  5. Action required: Review branch network in Goa to ensure coverage in Kushavati district aligns with lead bank's priorities.
  6. Action required: Communicate the change to your Goa-based regional offices and branch managers for compliance.
  7. Owner: ____________ Target date: ____________
  8. Board/committee approval needed? Y / N
  9. Evidence filed in compliance register on: ____________
Built only from this circular’s own published fields — not legal advice; always confirm against the official RBI source.

💬 Banker Discussion

Discuss this circular with fellow bankers — reply, upvote what helps, report what doesn’t belong. Be professional; no client data. Views are the commenter’s own, not BankPulse’s.

Loading comments…
BankPulse Compliance Evidence Pack — generated 02 Aug 2026 · status cross-checked against RBI’s official withdrawal register (refreshed weekly).
Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13356&Mode=0 — Plain-English summary by BankPulse (bankpulse.ai), reviewed by our expert reviewer, CA Amit Jain. Independent platform, not affiliated with the Reserve Bank of India; is our own plain-English paraphrase, not RBI’s original wording.
Public beta — plain-English informational summaries. Always verify against the official RBI source (circular number cited on every page) before making compliance, credit, treasury, audit, or operational decisions. · Join our WhatsApp channel ↗
—