State Level Bankers' Committee (SLBC) came into existence under Lead Bank Scheme as per RBI guidelines. SLBC is an inter-institutional forum at State level ensuring co-ordination between Government and Banks on matters pertaining to banking development. Indian Overseas Bank is the Convenor Bank of SLBC, Tamil Nadu.
SLBC facilitates effective implementation of development programmes in the areas of poverty alleviation, employment to un-employed, providing banking outlet in un-banked areas, training, financial literacy etc. The role of SLBC is reinforced by the High Level Committee constituted by RBI to review Lead Bank Scheme.