Home India Reserve Bank of India Reassignment of Lead Bank Responsibility...
Date: 2024-03-22 Category: Not Applicable State: Union Government Country: India

Reassignment of Lead Bank Responsibility

Issued by Reserve Bank of India · Not Applicable

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Executive Summary & Key Takeaways

**Summary:** The Reserve Bank of India (RBI) has announced the reassignment of lead bank responsibility in select districts, effective April 1, 2024. This directive, issued under reference number RBI/2023-24/139 FIDD.CO.LBS.BC.No.16/02.08.001/2023-24 on March 22, 2024, impacts the following districts: Ernakulum and Idukki (Kerala), Seoni (Madhya Pradesh), Mumbai City and Mumbai Suburban (Maharashtra), and Salem (Tamil Nadu). Specifically, Union Bank of India's lead bank responsibility is reassigned to State Bank of India for Ernakulum (District Code 970) and Idukki (District Code 976). Central Bank of India's responsibility is reassigned to State Bank of India for Seoni (District Code 713). Bank of India's lead bank responsibility is reassigned to Bank of Baroda for Mumbai City (District Code 600) and Mumbai Suburban (District Code 291). Lastly, Indian Bank's responsibility is reassigned to State Bank of India for Salem (District Code 913). The circular clarifies that there are no changes to the lead bank responsibilities for other districts across the country. For further information, contact Nisha Nambiar, Chief General Manager-in-Charge, Financial Inclusion Development Department, Central Office, 10th Floor, Central Office Building, Shahid Bhagat Singh Marg, P.B.No.10014, Mumbai – 400001. Contact can be made via telephone at 022-22601000 / 91-22-22621011 / 22610943 / 22610948 or via email at cgmincfidd@rbi.org.in. The RBI cautions the public against responding to fraudulent communications requesting personal banking information or offering funds.

Key Entities Referenced

Reserve Bank of India: The central bank of India and the publisher of the policy document. Union Bank of India: A bank reassigned from lead bank responsibility in Ernakulum (Kerala) and Idukki. State Bank of India: A bank taking over lead bank responsibility in multiple districts mentioned in the document. Ernakulum, Kerala: A district and state where lead bank responsibility is reassigned. Idukki, Kerala: A district and state where lead bank responsibility is reassigned. Seoni, Madhya Pradesh: A district and state where lead bank responsibility is reassigned. Mumbai City, Maharashtra: A city and state where lead bank responsibility is reassigned. Bank of Baroda: A bank taking over lead bank responsibility in Mumbai City and Mumbai Suburban.
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बेटी बचाओ बेटी पढ़ाओ भारतीय �रज़व� ब�क ______________________ RESERVE BANK OF INDIA________________________ www.rbi.org.in RBI/2023-24/139 FIDD.CO.LBS.BC.No.16/02.08.001/2023-24 March 22, 2024 The Chairman / Managing Director & Chief Executive Officer Lead Banks Concerned Madam/ Dear Sir, Reassignment of Lead Bank Responsibility On a review, it has been decided to reassign the lead bank responsibility in the certain districts as specified below: Sr. District District State Erstwhile Lead Lead Bank No Working Bank Responsibility Code assigned to 1 Ernakulum 970 Union Bank of India State Bank of India Kerala 2 Idukki 976 Union Bank of India State Bank of India 3 Seoni 713 Madhya Pradesh Central Bank of India State Bank of India 4 Mumbai City (earlier name 600 Bank of India Bank of Baroda – Mumbai) Maharashtra 5 Mumbai 291 Bank of India Bank of Baroda Suburban 6 Salem 913 Tamil Nadu Indian Bank State Bank of India 2. The above changes will be effective from April 01, 2024. 3. There is no change in the lead banks of other districts across the country. Yours faithfully, (Nisha Nambiar) Chief General Manager-in-Charge �वत् तीय समावेशन और �वकास �वभाग, केन्द्र�य कायार्लय,10 वी मंिजल, क�द्र�य कायालर् य भवन, शह�द भगत�सहं माग,र्पोस्ट बॉक्स सं. 10014, मंबु ई -400001 Financial Inclusion & Development Dept, Central Office,10th Floor, Central Office Building, Shahid Bhagat Singh Marg, P.B.No.10014, Mumbai-1 टेल� Tel:022-22601000 फैक्सः 91-22-22621011/22610943/22610948 ई -मेल : cgmincfidd@rbi.org.in �हदं � आसान है,इसका प्रयोग बढ़ाइए। “चेतावनी: मेल �रज़व र् बक� -द्वारा डाक, एसएमएस या फोन कॉल के ज�रए �कसी क� भी व् यिक्तगत जानकार� जैसे बक� के खाते का ब् यौरा, पासवड र् आ�द नह� ं मांगी जाती है। यह धन रखने या देने का प्रस्त ाव भी नह�ं करता है। ऐसे प्रस्त ाव� का �कसी भी तर�के से जवाब मत द�िजए।" Caution: RBI never sends mails, SMSs or makes calls asking for personal information like bank account details, passwords, etc. It never keeps or offers funds to anyone. Please do not respond in any manner to such offers.

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