08-16-2017, 10:31 PM
State Level Bankers' Committee (SLBC)
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SLBC History
In the October of 1968, a study group (headed by late Dr. R. Gadgil) on 'Organizational framework
for implementation of social objectives' was set up by the National Credit Council.
The group recommended adoption of "area approach" for evolving plans and programmes for the
development of banking and credit structure in October 1969. The group suggested that district
should be the unit in area approach.
Soon after nationalization of major commercial banks in 1969, a committee of banks headed by Sri
F.K.F. Nariman, the then custodian of Union Bank of India, was appointed by Reserve Bank of
India to evolve a coordinated programme for ensuring the spread of adequate banking facilities in
the country. The committee had a view that for assisting the process of the balanced regional
development each bank should concentrate on certain districts.
Status of the Committee
The State Level Bankers' Committee (SLBC) has been envisages as a consultative and coordination
body of all financial institutions operating in each state. The Committee is expected to
discuss issues, consider alternative solutions to the various problems in the field of banking
development and evolve a consensus for co-ordinate action by the member institutions. All the
member institutions are, therefore, expected to approach the committee's tasks in spirit of cooperation
and intimate involvement without which the committee is likely to lose its utility and
become a mere debating forum.
Organizational Structure
The State Level Bankers' Committee comprise of the representatives of all the commercial banks
and the Chairmen of Regional Rural Banks operating in the state. Representatives of State Cooperative
Bank, Land Development Bank, Reserve Bank of India and NABARD are also to be
invariably invited to attend the meeting of the committees. The concerned State Govt. officials also
participate in the meetings of this forum by invitation.
Banks having sizeable scale of operations in the relative state are expected to be represented at
the level of Zonal / Regional Managers so that expeditious decision making becomes possible. The
Regional Rural Banks would be represented by the Chairmen. Banks having less than 5 branches in
a state could, however, be represented by Manager of the Branch of the Bank located at state
headquarters.