UTLBC came into existence under Lead Bank Scheme as per RBI guidelines. UTLBC is an inter- institutional forum at Union Territory Level, ensuring co-ordination between government and banks on matters pertaining to banking development. UTLBC facilitates effective implementation of development programmes in the areas of poverty elevation, implementation of various government guidelines especially in respect of priority sector lending, Financial Incusions etc.

The role of UTLBC is reinforced by the High Level Committee constituted by RBI to review Lead Bank Scheme.

The UTLBC is co chaired by the General Manager of Syndicate Bank and the Administrator of the UT of Lakshadweep. Regional Manager of Syndicate Bank, Ernakulam Region is the Convenor of UTLBC.

A Study Group, on the Organizational Framework for the Implementation of the Social Objectives, headed by Prof. D. R. Gadgil first recommended adoption of an 'Area Approach' for development of banking and credit structure in the rural areas.

A Committee of Bankers on Branch Expansion Programme of public sector banks appointed by Reserve Bank of India under the Chairmanship of Shri F. K. F.Nariman (Nariman Committee) endorsed the idea in November 1969. It also recommended that each bank can concentrate on certain districts where it should act as a 'Lead Bank'.

In terms of the above recommendations,

Lead Bank Scheme

was introduced by Reserve Bank in December, 1969.


Under the scheme, each district of the country has been allocated to a specified commercial bank which is called as the Lead Bank of the district.


Commercial Banks

  • RRBs
  • Co-operative Banks
  • Other Financial Institutions
  • RBI
  • Developmental Agencies and concerned Departments of the Government.


The entire group of islands is considered as one district for lead bank purposes. Syndicate Bank is the lead bank and convenor of the Union Territory of Lakshadweep Bankers’ Committee. Syndicate Bank has opened its first branch at Kavaratti in 1971 and is operating throughout the UTL with nine branches in nine major islands. State Bank of India opened its first branch in April 2005 at

Contact us

Deputy General Manager
Syndicate Bank, Regional Office,
Pioneer Towers, 1st Floor,
Shanmugam Road
Ernakulam – 682031.
0484 - 2367063 / 2360035 / 2369090


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