P U N J A B
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The State Level Bankers’ Committee (SLBC) has been envisaged as a consultative and coordinating body with all financial Institutions operating in the State.
S.L.B.C. Punjab came into existence under Lead Bank Scheme as per RBI guidelines and it is an inter-institutional forum at State level ensuring co-ordination between Government and Banks on matters pertaining to banking development.
Punjab National Bank is the Convener Bank of SLBC, Punjab.
SLBC facilitates effective implementation of development programmes in the areas of poverty alleviation, employment to un-employed, providing banking outlet in un-banked areas, training, financial literacy etc.
The role of SLBC is reinforced by the High Level Committee constituted by RBI to review Lead Bank Scheme.
A Study Group, on the Organizational Framework for the Implementation of the Social Objectives, headed by Prof. D. R. Gadgil first recommended adoption of an 'Area Approach' for development of banking and credit structure in the rural areas.
A Committee of Bankers on Branch Expansion Programme of public sector banks appointed by Reserve Bank of India under the Chairmanship of Shri F. K. F.Nariman (Nariman Committee) endorsed the idea in November 1969. It also recommended that each bank can concentrate on certain districts where it should act as a 'Lead Bank'.