SBI becomes lead bank for new district Kalimpong, West Bengal

Reserve Bank has assigned SBI with the responsibility of lead bank for the newly created district Kalimpong in West Bengal.

The Government of West Bengal 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 bank responsibility of this new district to State Bank of India," RBI said in a notification.

Central Bank of India 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 finance 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.)

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