You are here: Home » Finance » News » Banks
Business Standard

RBI appoints J&K Bank as lead banking convenor for J&K, SBI for Ladakh

The government through a gazette notification on August 9, 2019 had reorganised the erstwhile Jammu and Kashmir state under the Jammu and Kashmir Reorganisation Act, 2019

Press Trust of India  |  Mumbai 

SBI plans to mop up Rs 5,000-crore debt capital via tier-II bonds
State Bank of India (SBI) will be the lead convenor bank for union territory of Ladakh.

The Reserve Bank on Thursday appointed Jammu & Kashmir Bank as the lead banker for the newly carved out union territory of    

(SBI) will be the lead convenor bank for union territory of

The government through a gazette notification on August 9, 2019 had reorganised the erstwhile state under the Reorganisation Act, 2019, into union territories of Jammu and Kashmir and with effect from October 31, 2019.

"In view of the above, it has been decided to assign the UTLBC (Union Territory Lead Bank Convenor) Convenorship of the Union Territory of Jammu and Kashmir to Jammu & Kashmir Bank Ltd and the Union Territory of to State Bank of India," the RBI said.

There is no change in the SLBC/ UTLBC convenorship of other states and UTs, it added.

First Published: Thu, December 26 2019. 20:10 IST
RECOMMENDED FOR YOU