State Level Bankers' Committees are formed in all the States / UTs in the country for inter-institutional coordination and joint implementation of programmes and policies by all the banks and financial institutions operating in the State.
Responsibility for convening State Level Bankers' Committee (SLBC) meetings has been assigned by Reserve Bank of India to various commercial banks in conformity with the Lead Bank Scheme.
The J&K Bank has been assigned the responsibility of convenor of SLBC in J&K state.
SLBC meetings, held quarterly, provide for interaction amongst the various banks operating in the State on the one hand and between the banks and the State Government authorities / implementing agencies and concerned regulators like RBI, NABARD, etc on the other. The forum takes review of the performance of the banks/ developmental agencies under the Annual Credit Plan and also sorts out issues and facilitates removal of difficulties being faced in the implementation of various employment generating/ poverty alleviation schemes of the Government.
SBI happened to be the Convenor Bank of SLBC in J&K State till June 1983 and thereafter the Convenorship of SLBC has been entrusted to J&K Bank. Thus our bank has become the only Private Sector Bank in the country to be entrusted with the responsibility of Convenorship of State Level Bankers' Committee (SLBC) by Reserve Bank of India.
The State Level Bankers' Committee (J&K State) is comprised of about 130 members including all the banks / financial institutions operating in the state, high level representatives from the concerned developmental departments/ agencies of the State/ Central Government, Reserve Bank of India, NABARD, etc. The meetings are generally presided over by the Chief Secretary of the State.
The J&K Bank has been assigned lead responsibility in respect of 12 districts out of the total 22 districts across J&K State viz. Baramulla, Kupwara, Rajouri, Poonch, Srinagar, Pulwama, Budgam, Anantnag, Ganderbal, Shopian, Kulgam and Bandipore. Lead Bank Responsibility of 4 districts of Srinagar, Pulwama, Budgam and Anantnag was temporarily transferred from SBI to our Bank in the year 1992 and now RBI have extended the same on regular basis in 2007. The other 10 districts of the State, Jammu, Kathua, Udhampur, Doda, Samba, Ramban, Kishtwar, Reasi, Leh & Kargil have been allotted to SBI.