What changed
- The Government of Andhra Pradesh notified the formation of two new districts: Polavaram and Markapuram, vide Gazette Notifications dated December 30, 2025.
- RBI has assigned Union Bank of India as the Lead Bank for these new districts.
- The Lead Bank codes for the new districts are 02X (to be read as 'Numeral Zero, Numeral Two and Alphabet X') and 02Y (to be read as 'Numeral Zero, Numeral Two and Alphabet Y').
What it means for you
- This change affects the Lead Bank responsibility for the new districts Polavaram and Markapuram.
- There is no change in the Lead Banks of other districts in Andhra Pradesh.
What you must do
- Update records and procedures to reflect the new Lead Bank assignments for Polavaram and Markapuram.
- Ensure compliance with RBI guidelines and regulations regarding Lead Bank responsibilities.
Who it affects
Banks operating in Andhra Pradesh, particularly those in the new districts, Lead Banks concerned
What are the new Lead Bank codes for the districts?
The Lead Bank codes for the new districts are 02X (to be read as 'Numeral Zero, Numeral Two and Alphabet X') and 02Y (to be read as 'Numeral Zero, Numeral Two and Alphabet Y').
Which bank has been assigned as the Lead Bank for the new districts?
Union Bank of India has been assigned as the Lead Bank for the new districts Polavaram and Markapuram.