SHILLONG: The Reserve Bank has assigned State Bank of India (SBI) to act as the lead bank in four new districts in Meghalaya.
The four new districts created in the state are North Garo Hills, East Jaintia Hills, South West Khasi Hills and South West Garo Hills.
The RBI also assigned SBI the district working codes for the purpose of basic statistical returns (BSR) reporting.
The blocks under the district that the SBI is assigned to are Kharkutta and Resubelpara in North Garo Hills, Saipung and Khliehriat in East Jaintia Hills, Ranikor and Mawkyrwat in South West Khasi Hills and Betasing and Zik Zak in South West Garo Hills.
“There is no change in the lead bank responsibilities of the erstwhile districts and of other districts in the State of Meghalaya,” Principal Chief General Manager A Udgata said.
Under lead bank scheme, each district is assigned to different banks to act as a consortium leader to coordinate the efforts of banks in the district, particularly in matters like branch expansion and credit planning.
