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SBI to have lead bank responsibility of Kalimpong district:RBI

Press Trust of India  |  Mumbai 

of has been assigned the "lead responsibility" of the newly carved- out 'Kalimpong' district in

The vide Gazette Notification dated February 7, 2017 had notified the creation of 'Kalimpong' by redefining the limits of Darjeeling district.

"It has been decided to assign the lead responsibility of this new district to SBI," the Reserve said in a notification.

of will have the lead responsibility of Darjeeling district, it said.

The lead scheme aims at coordinating the activities of banks and other developmental agencies through various fora to enhance flow of to priority sector and promote banks' role in overall development of rural sector.

For coordinating the activities in the district, a particular is assigned the lead responsibility of the district.

The lead is expected to assume leadership role for coordinating the efforts of the credit institutions and the government.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, June 16 2017. 18:23 IST