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Union Territory Level Bankers Committee(UTLBC)

Ladakh

Background

Background

  • SLBC/UTLBC is the apex level forum of bankers and financial institutions operating in the State.
  • State Level Bankers' Committees/Union Territory Banker’s Committees are formed in all States and UTs in the country for inter-institutional coordination and joint implementation of programmes and policies by all banks and financial institutions operating in the State.
  • Responsibility for convening SLBC/UTLBC meetings has been assigned by the Reserve Bank of India to various commercial banks in conformity with the Lead Bank Scheme.
  • The State Bank of India has been assigned the responsibility of Convenor of UTLBC in the Union Territory of Ladakh.
  • SLBC meetings are held quarterly and provide interaction among banks operating in the State and between banks, State Government authorities, RBI, NABARD and other agencies.
  • The forum reviews the performance of banks and developmental agencies under the Annual Credit Plan and facilitates removal of implementation difficulties in Government schemes.