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SBI becomes lead bank for new district Kalimpong, West Bengal

Press Trust of India  |  Mumbai 

Reserve has assigned with the responsibility of lead for the newly created district Kalimpong in

The of through a gazette notification on February 7, 2017 had notified about creation of a new district Kalimpong by redefining the limits of Darjeeling district in the state.

"It has been decided to assign the lead responsibility of this new district to State Bank of India," RBI said in a notification.

is the lead bank for Darjeeling.

A lead bank is tasked to coordinate activities of banks and other developmental agencies in a district to enhance flow of bank to priority sector and other sectors to promote banks' role in overall development of rural areas.

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

First Published: Thu, June 15 2017. 20:42 IST