Press Releases High Level Committee to review Lead Bank Scheme Date : 30 Nov 2007 Pursuant to the announcement of the mid-term review of Annual Policy for 2007-08 (paragraph 160), it has been decided to constitute a High Level Committee to review the Lead Bank Scheme and improve its effectiveness, with a focus on financial inclusion and recent developments in the banking sector.The composition of High Level Committee is:
1 |
Smt. Usha Thorat Dy. Governor, Reserve Bank of India |
Chairperson |
2 |
Smt. ManjulaSubramanian IAS, Chief Secretary Government of Gujarat |
Member |
3 |
Shri R.J.M. Pillai IAS, Dev.Commissioner, Govt. of Bihar |
Member |
4 |
Shri Sudhakar Rao IAS, Add.Chief Secretary & Dev.Commissioner, Govt. of Karnataka |
Member |
5 |
Shri H.S. Das IAS, Principal Secretary(Finance), Govt.ofAssam |
Member |
6 |
Shri M.V. Nair Chairman & Managing Director, Union Bank of India |
Member |
7 |
Dr.K.C.Chakraborty Chairman & Managing Director, PNB |
Member |
Chairman, NABARD and Chairman, SIDBI will be permanent invitees for all the meetings of the High Level Committee. The Committee will be free to invite other officials/experts/ stakeholders for interaction/exchange of views. The terms of reference of the Committee will be to review the Lead Bank Scheme with a focus on financial inclusion and recent developments in the banking sector and in the light of the review, to: i. prepare a comprehensive set of objectives and scope of the Lead Bank Scheme; ii. make recommendations for rationalisation of the various committees/fora and functionaries under the Scheme; iii. recommend measures to improve the effectiveness of the Scheme, especially for encouraging greater decentralised approach, dissemination of policies/guidelines, implementation of policies at local level and creation of awareness of banks’ products/policies; iv. make recommendations relating to timely and consistent information and monitoring system, taking advantage of improved IT capabilities in the banking system; and v. prepare comprehensive guidelines and a manual of instructions based on the above. The Committee will submit its Report by the end of March 2008. |