Mumbai: State-run Punjab National Bank (PNB) has been assigned the responsibility of a lead bank for the newly-created district in Meghalaya.
The government of Meghalaya had, on November 9, 2021, notified the formation of new district ‘Eastern West Khasi Hills’ in the state.
In a statement issued here on Wednesday, the Reserve Bank of India said, “It has been decided to assign the lead bank responsibility of the new district to Punjab National Bank.”
A bank with relatively large network of branches in rural areas is given the responsibility of a lead bank in a particular district for coordinating the efforts of the credit institutions and the government.
The allotted district working code for Eastern West Khasi Hills, erstwhile West Khasi Hills, is 00U, the RBI said.