What changed
RBI reviewed SLBC websites and found a lack of uniformity. It now requires all convenor banks to follow an indicative list of minimum information and data to be hosted on their SLBC websites, replacing earlier ad-hoc practices. The list is based on feedback from banks and is not exhaustive.
What it means for you
Banks convening SLBCs must now ensure their websites carry a standardised baseline of information, making state-level banking data and scheme details uniformly accessible. This reduces confusion for the public and regulators. Banks should treat the indicative list as a minimum checklist and update content quarterly.
What you must do
- Review the indicative annex and ensure your SLBC website hosts all listed minimum information and data.
- Set up a quarterly update mechanism to keep the website current with the latest data and instructions.
- Assign a dedicated team to monitor and maintain the SLBC website content as per RBI guidelines.
- Consider adding state-specific relevant information beyond the minimum list to enhance utility.
Who it affects
SLBC convenor banks, Lead District Managers, State-level banking committees, Common public seeking banking scheme information
What is the indicative list mentioned in the circular?
The circular includes an annex with an indicative list of minimum information and data to be made available on SLBC websites. The exact list is not reproduced here, but it covers key aspects of the Lead Bank Scheme and government-sponsored schemes.
How often must the SLBC website be updated?
The circular requires updates at least on a quarterly basis to ensure the information remains current and relevant.
Can SLBCs add more information beyond the indicative list?
Yes, the circular explicitly states that the list is only indicative and SLBCs are free to include any additional information they consider relevant for their state.