The Reserve Bank of India (RBI), through its circular dated April 10, 2026, has announced the assignment of Lead Bank responsibilities following the creation of two new districts—Polavaram and Markapuram—in the State of Andhra Pradesh. These districts were formed as per state government notifications issued on December 30, 2025. In line with the Lead Bank Scheme, RBI has designated Union Bank of India as the Lead Bank for both newly constituted districts to ensure effective coordination of banking and financial inclusion activities. Additionally, specific district working codes have been allotted, with Polavaram assigned code “02X” and Markapuram assigned code “02Y.” The circular clarifies that there is no change in Lead Bank responsibilities for other districts in Andhra Pradesh. This measure ensures administrative alignment in banking services and supports smooth implementation of district-level financial planning and development initiatives.
RESERVE BANK OF INDIA
RBI/2026-27/09
FIDD.CO.LBS.BC.No.01/02.08.001/2026-27 | Dated: April 10, 2026
The Chairman / Managing Director & Chief Executive Officer
Lead Banks Concerned
Madam/ Dear Sir,
Formation of new districts in the State of Andhra Pradesh – Assignment of Lead Bank Responsibility
The Government of Andhra Pradesh has notified formation of two new districts, viz., Polavaram, and Markapuram in the state of Andhra Pradesh vide Gazette Notification No. G.O. MS. No. 517 Revenue (Lands-IV) Department and G.O. MS. No. 524 Revenue (Lands-IV) Department, respectively, both dated December 30, 2025. Accordingly, it has been decided to designate the Lead Bank of the new districts as below:
| Sr No | Newly Created District | Lead Bank Responsibility assigned to | District Working Code allotted to new district |
| 1 | Polavaram | Union Bank of India | 02X (to be read as ‘Numeral Zero, Numeral Two and Alphabet X’) |
| 2 | Markapuram | Union Bank of India | 02Y (to be read as ‘Numeral Zero, Numeral Two and Alphabet Y’) |
2. There is no change in the Lead Banks of the other districts in the state of Andhra Pradesh.
Yours faithfully,
(Nisha Nambiar)
Chief General Manager-in-Charge
