What changed
The Government of Uttar Pradesh created Bhim Nagar district effective September 28, 2011, comprising Sambhal, Chandausi, and Gunnaur tehsils. RBI has now assigned Syndicate Bank as the lead bank for this new district. The district working code 317 has been allotted for reporting purposes.
What it means for you
Syndicate Bank must now coordinate banking development and credit planning in Bhim Nagar. Other banks operating in the district will need to align with Syndicate Bank's lead bank initiatives. Lead bank responsibilities for Muradabad and Budaun districts remain unchanged.
What you must do
- Syndicate Bank should initiate lead bank activities in Bhim Nagar, including convening District Consultative Committee meetings.
- All banks in Bhim Nagar must use district code 317 for all regulatory reporting.
- Banks should update their internal systems and branch records to reflect the new district boundaries and lead bank assignment.
Who it affects
Syndicate Bank (now lead bank for Bhim Nagar), All banks operating in Bhim Nagar district, Banks in Muradabad and Budaun districts (no change in lead bank)
What is the district working code for Bhim Nagar?
The district working code for Bhim Nagar is 317, as assigned by RBI for reporting purposes.
Does this change affect lead bank responsibilities for other districts in Uttar Pradesh?
No, there is no change in lead bank responsibilities for any other district in the state.