RBI assigns State Bank of India to act as lead bank for 4 new Meghalaya districts

26 Dec 2013 Evaluate

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.

SBI Share Price

780.85 -21.15 (-2.64%)
21-Nov-2024 16:59 View Price Chart
Peers
Company Name CMP
SBI 780.85
Bank Of Baroda 228.60
Canara Bank 94.50
PNB 96.39
Union Bank Of India 115.10
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.