ISSN No: 2231-5063
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Article Name :
LEAD BANK SCHEME: ROLE OF BANK OF MAHARASHTRA
Author Name :
Jitendra Bhalerao
Publisher :
Ashok Yakkaldevi
Article Series No. :
GRT-5580
Article URL :
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Abstract :
Lead bank works as a consortium leader in the priority sector in invoking Co-operations of other banks and develop agencies for the overall development of the area. Lead bank does not have the monopoly of banking business in the lead districts nor is responsible for its development. According to Reserve bank of India lead bank scheme, some specific area is allotted for working to every lead bank. Bank of Maharashtra has Lead Bank responsibility in six districts of Maharashtra State viz. Aurangabad, Jalna, Nasik, Pune, Satara and Thane. Every year Bank is successful in achieving the targets under Annual Credit Plan with achievement under various sub sectoral targets. There were total 478 bank branches in selected districts.
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