P K Mohanty (second right), Chief Secretary of United Andhra Pradesh, in conversation with I Y R Krishna Rao, Chief Secretary-designate of the residuary State of Andhra Pradesh, at the last State Level Bankers' Committee (SLBC) meeting in Hyderabad on Thursday . From left are C. Doraswamy, Convenor of SLBC and C V R. Rajendran, CMD of Andhra Bank. -- P.V. Sivakumar | Photo Credit: P_V_SIVAKUMAR
State Bank of Hyderabad (SBH) will be the convenor of the State-Level Bankers' Committee (SLBC) for the new Telangana State.
The bifurcation of Andhra Pradesh would come in to force from June 2.
In a notification, the Reserve Bank of India said Andhra Bank would continue to be the convenor of SLBC for the residuary state of Andhra Pradesh.
SLBC convenor-banks will have the responsibility of ensuring implementation of Government schemes and monitoring compliance with priority sector targets by banks, among others.
More Like This
Published on May 29, 2014
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.