State Bank of India (SBI), the country’s largest public sector bank has been assigned to act as the lead bank in four new districts in Meghalaya by the Reserve Bank of India (RBI). The four new districts created in the state are North Garo Hills, East Jaintia Hills, South West Khasi Hills and South West Garo Hills.
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.
Besides, the RBI also assigned the bank the district working codes for the purpose of basic statistical returns (BSR) reporting.
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.
Besides, the RBI also assigned the bank the district working codes for the purpose of basic statistical returns (BSR) reporting.
No comments:
Post a Comment