The Reserve Bank of India has issued a draft circular setting out revised guidelines for the Lead Bank Scheme (LBS) and opened it for public comment, following its earlier indication that updates would be issued to streamline operational aspects. The draft focuses on fine-tuning the objectives of the scheme, revisiting the structure, membership and agenda of various fora under the LBS, clarifying the roles and responsibilities of key functionaries, and introducing provisions intended to further strengthen the State Level Bankers' Committee and Lead District Manager offices. Comments are due by March 06, 2026.

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