RBI Assigns Union Bank as Lead Bank for AP Districts

Notification No. FIDD.CO.LBS.BC.No.01/02.08.001/2026-27, Dated 10.04.2026

The Reserve Bank of India (RBI) has notified the assignment of Lead Bank responsibility for the newly formed districts of Polavaram and Markapuram in Andhra Pradesh.

1. Lead Bank Allocation

• Both districts have been assigned to Union Bank of India as the Lead Bank
• The RBI has also allotted new district working codes for administrative and operational purposes

2. No Change for Other Districts

The notification clarifies that:

• There is no change in Lead Bank responsibilities for other districts in Andhra Pradesh

3. Role of Lead Bank

The designated Lead Bank will be responsible for:

• Coordinating banking and financial inclusion activities in the district
• Implementing government-sponsored schemes
• Monitoring credit flow and banking development

4. Conclusion

The assignment ensures effective banking coordination and financial inclusion in the newly created districts, while maintaining continuity in the existing Lead Bank framework across the state.

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