Central Lead Bank Department is the
Department at apex level of the Lead Bank infrastructure
developed by the Bank and operating in the State. The
role of the Department lies in the fact that it has to
oversee (monitor) and ensure active participation of the
Banks/ Financial Institutions in the formation and then
the implementation of the Credit Plans formulated by the
Banks alongwith Government Developmental Agencies of the
areas concerned. It has also a role to play to highlight
various problems/ bottlenecks faced by the operational
level- Banks/ Financial institutions coming in the way
of the process on implementation of Credit Plans.
J&K Bank History
Jammu and Kashmir Bank Limited was incorporated on 1st
October, 1938 and commenced its business from 4th July,
1939 at Residency Road Srinagar in Kashimir (India). The Bank was the first in
the country as a State owned bank.
According to the extended Central laws of the state,
Jammu & Kashmir Bank was defined as a govt. Company as
per the provision of Indian companies act 1956. In the
year 1971, the Bank received the status of scheduled
bank. It was declared as "A" Class Bank by RBI in 1976.
Today the bank has more than 500 branches across the
country and has recently become a billion Dollar Company
Brief resume
about functions of Lead Bank Department, CHQ, Srinagar
The Lead Bank Department comprises of two sections,
viz. Lead Bank Section and the Regional Rural Bank
Section, as detailed below:
Lead Bank Section:
As a sequel to the introduction of Lead Bank Scheme by
the Reserve Bank of India in the country our Bank has
been entrusted with the Lead Bank Responsibility in 12
out of the total 22 districts of the State of Jammu and
Kashmir State. Besides, our Bank is the Convenor of
State Level Bankers’ Committee in the State of Jammu and
Kashmir.
The functions of the Lead Bank Scheme include:
i. Aggregating of District Credit Plans into Annual
Credit Plan for onward submission to Reserve Bank of
India. Liaise with RBI, NABARD, Govt. of India, State
Government, Banks, Financial Institutions and Sponsoring
Agencies for effective implementation of the Annual
Credit Plan.
ii. Convening of Meetings of the State Level Bankers’
Committee and its various Sub-Committees on quarterly/
six monthly basis as prescribed by Reserve Bank of
India. Preparation of Agenda papers and
preparation/circulation of the minutes of such
meetings. This also includes collecting of information/
data from all the Lead District Offices / Banks
operating in the State,
iii. Follow-up of the decisions arrived at in the SLBC /
Sub-Committee meetings.
iv. Consolidation of data received from Lead District
Offices and Controlling offices of banks operating in
the State for review in SLBC meetings.
Regional Rural Banks Section:
Consequent upon the promulgation of Regional Rural Bank
Act 1976 in the country, Regional Rural Banks were
established in the country with the aim and objective of
providing banking services to the rural masses of the
country at low cost. These Regional Rural Banks have
been sponsored by various leading commercial banks of
the country. Like-wise two Regional Rural Banks, viz.
Jammu Rural Bank (at Jammu) and Kamraz Rural Bank (at
Sopore-Kashmir), sponsored by our Bank, were established
in the J&K State, in the year 1976 and 1983,
respectively, with their capital subscribed by three
constituents, viz. Govt. of India. Govt. of J&K and the
J&K Bank Ltd. (Sponsor Bank) in the ratio of 50:15:35.
The operational responsibilities of both these Regional
Rural Banks have been entrusted to the Sponsor Bank,
which in our Bank is looked after by the Lead Bank
Department.
The operational responsibilities include monitoring of
performance of the two sponsored Regional Rural Banks.
The Lead Bank Department convenes periodical Review
Meetings of Regional Rural Banks, where representatives
from Reserve Bank of India, NABARD, Government of India,
and the Sponsor Bank participate for reviewing the
performance of the RRBs with the Chairman of the
concerned RRB. For this purpose the Lead Bank Department
collects data/ information from the RRBs and prepares
Agenda/background papers for such meetings. The Lead
Bank Department facilitates transmission of various
guidelines to both the RRBs from time to time and
maintains liaison with other controlling constituents
like RBI, NABARD and Govt. of India etc. in various
matters related to the operational functions of the RRBs
and also provide clarification with regard to such
matters.
Registered Office
M A Road
Srinagar 190 001
Jammu & Kashmir
Corporate Headquarters
M A Road
Srinagar 190 001
Jammu & Kashmir www.jkbank.net
