SBH named SLBC convenor for Telangana, Andhra Bank for AP

G Naga Sridhar Updated - November 24, 2017 at 05:51 PM.

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

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.

Published on May 29, 2014 10:48