Hello. I can help you with what is lead bank scheme. Being a bank employee at a private bank in India, I am well aware of this scheme. The Reserve Bank of India introduced the Lead Bank Scheme at the end of the year, 1969. This was done based on recommendations of both the Gadgil Study Group and Banker’s Committee (Nariman Committee). I will tell you more below.
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Lead Bank Scheme
The Lead Bank Scheme was introduced to enable banks to assume their lead role in a systematic and effective way. All the districts in the country (excluding the metropolitan cities of Mumbai, Kolkata, Chennai and certain Union Territories) were assigned among Public Sector Banks and a few Private Sector Banks.
The role of the lead bank is to act as a group leader for co-coordinating the efforts of all credit institutions in each of the allotted districts for meeting the credit requirements of the rural economy and expansion of branch banking facilities.
To prepare district credit plans and monitor their implementation, a Lead Bank Officer, referred to as the LBO was appointed in 1979. The LBO is now designated as the Lead District Manager.
This is all. I hope you are now aware of the lead bank scheme meaning.
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What is Lead Bank Scheme?
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2025-01-31T17:24:38+00:00 2025-01-31T17:24:39+00:00Comment
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