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Regulatory document · Reserve Bank of India

Lead Bank Scheme

UR

The four dates on this rule

This rulebook is short, and the page is short with it. This document is 6957 words long. It states 27 separate rules. So the page carries 27 points, not the thirty a long rulebook carries. Nothing has been left out to make it shorter.

At a glanceDecisions of the district level committee must be followed up in district consultative committee meetings. BLBC meetings must take place within sixty days after every quarter end.

Official RBI page

Numbers to remember

sixty daysBLBC meetings must take place within sixty days after every quarter end. RBI Para 4
ten daysMinutes of BLBC meetings must be shared within ten days of the meeting. RBI Para 4
15 daysSLBC convenor must remind banks about meeting date and data submission 15 days before quarter end. RBI Para 9
60 percentBanks must reach 60 percent credit deposit ratio across all rural and semi urban branches together. RBI Para 11
20 percentDistricts with CD ratio under 20 percent will be treated as a special group. RBI Para 11

What it says

Must know

1. BLBC meeting deadline

BLBC meetings must take place within sixty days after every quarter end.

2. BLBC minutes timeline

Minutes of BLBC meetings must be shared within ten days of the meeting.

3. Hold DCC within 60 days

District Consultative Committee meetings must be held within sixty days of each quarter end.

4. Reminder before quarter end

SLBC convenor must remind banks about meeting date and data submission 15 days before quarter end.

5. Data submission deadline

Banks must send information to the SLBC convenor within 15 days after quarter end.

6. CD ratio target

Banks must reach 60 percent credit deposit ratio across all rural and semi urban branches together.

7. Monitor 40 60 districts

Districts with CD ratio from 40 to 60 percent must be watched by the DCC.

8. Special category below 20

Districts with CD ratio under 20 percent will be treated as a special group.

Do it

1. Revised guidelines issued

Banks must now follow the new Lead Bank Scheme rules in this circular, not any older instructions.

2. Lead bank must appoint LDM

Each lead bank must post a Lead District Manager for every district where it is lead bank.

3. RBI must post LDO

Reserve Bank of India must name one officer as Lead District Officer for each district.

4. SLBC convenor officer

The SLBC convenor bank must name a General Manager as the State Level Bankers' Committee convenor.

5. BLBC in each block

There must be a Block Level Bankers' Committee in every block for coordination at that level.

6. LDM chairs BLBC

The Lead District Manager must call and chair the Block Level Bankers' Committee.

7. BLBC meeting frequency

Block Level Bankers' Committee meetings must be held every quarter where possible.

8. Each bank must name DCO

Every bank in the district must appoint a senior District Co-ordinator for District Consultative Committee work.

9. DCC meeting frequency

Lead District Manager must hold District Consultative Committee meetings every quarter.

10. Reply to queries

Banks must give quick, top priority replies to queries from public leaders.

11. DLRC follow up

Decisions of the district level committee must be followed up in district consultative committee meetings.

12. LDM credit plan

Lead district managers must track how the district credit plan is carried out.

13. Resolve issues locally

Lead district managers must fix pending issues through meetings with key officials when needed.

14. Support FLC and RSETI

Lead district managers must help banks set up financial literacy centres and training institutes.

15. Support literacy camps

Lead district managers must help plan financial literacy camps run by centres and rural branches.

16. Annual LBS workshop

Lead district managers must hold a yearly workshop for banks and government officers on lead bank scheme issues.

17. Quarterly public meetings

Lead district managers must hold one public meeting each quarter in different places, mainly rural.

18. One district per LDM

Lead banks should normally give one district to each lead district manager.

19. Quarterly SLBC meets

The convenor must hold state level bankers committee meetings every quarter.

Where to go next