Module: General Practice
Q41: Which state government official is required to co-chair the State Level Bankers’ Committee (SLBC) meetings alongside the top executive of the Convenor Bank?
✅ Correct Answer: B
The correct answer is the Chief Secretary.
The meetings must be led together by the Chairman, Managing Director, or Executive Director of the Convenor Bank along with the Chief Secretary, or a similar top finance leader, of that State Government.
If the Managing Director, Chief Executive Officer, or Executive Director of the Convenor Bank cannot make it, the Regional Director or state head of the Reserve Bank of India has to step in and help lead the meeting.
Also, the State Chief Minister must be asked to come to at least one meeting every year.
Everyone must be there when the Annual Credit Plan for the state is officially started.
The meetings must be led together by the Chairman, Managing Director, or Executive Director of the Convenor Bank along with the Chief Secretary, or a similar top finance leader, of that State Government.
If the Managing Director, Chief Executive Officer, or Executive Director of the Convenor Bank cannot make it, the Regional Director or state head of the Reserve Bank of India has to step in and help lead the meeting.
Also, the State Chief Minister must be asked to come to at least one meeting every year.
Everyone must be there when the Annual Credit Plan for the state is officially started.
🧠 Real-World Scenario:
Imagine the biggest financial meeting of the entire State is about to begin. Suddenly, the Bank Chairman sits at the head of the table, but a seat next to him is left empty.
According to the rules, they can only start the meeting when the State's Chief Secretary arrives to fill that seat. This means state-level loan planning is a strict 50/50 partnership between the top bankers and the top state government executive.