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Regulatory document · Reserve Bank of India

Formation of new districts in the Union Territory of Ladakh – Assignment of Lead Bank Responsibility

UR

The four dates on this rule

This rulebook is short, and the page is short with it. This document is 760 words long. It states 7 separate rules. So the page carries 7 points, not the thirty a long rulebook carries. Nothing has been left out to make it shorter.

At a glanceFive new districts are formed in Ladakh: Sham, Nubra, Changthang, Zanskar and Drass.

Official RBI page

What it says

How firm is each point

Stated by RBI — RBI’s own paragraph says this. We have only made it plainer.

Our reading — BankPulse read RBI’s paragraph and shortened it. The paragraph is the authority, not this line.

Needs judgement — RBI leaves this to the bank to settle, so nobody can give you a fixed number here.

Background

1. new Ladakh districts

Our reading

Five new districts are formed in Ladakh: Sham, Nubra, Changthang, Zanskar and Drass.

2. lead bank Sham

Our reading

State Bank of India is lead bank for Sham district, with district working code 02Z.

3. lead bank Nubra

Our reading

State Bank of India is lead bank for Nubra district, with district working code 03B.

4. lead bank Changthang

Our reading

State Bank of India is lead bank for Changthang district, with district working code 03A.

5. lead bank Zanskar

Our reading

State Bank of India is lead bank for Zanskar district, with district working code 03C.

6. lead bank Drass

Our reading

State Bank of India is lead bank for Drass district, with district working code 03D.

7. other districts unchanged

Our reading

Lead banks for all other Ladakh districts stay the same.

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