The State Level Bankers' Committee (SLBC) was constituted in AP State to act as a consultative and coordination body of all financial institutions operating in the State. The committee is expected to discuss issues, consider alternative solutions to the various problems in the field of banking development and evolve a consensus for coordinated action by the member institutions. Andhra Bank took over the Convenorship of SLBC from State Bank of India in 1984. Consequent to re-organization of AP into Telangana & residual Andhra Pradesh w.e.f 2nd June, 2014, responsibility of Convenorship of Telangana State is entrusted to SBH and Convenorship of SLBC of residual AP was continued to be with Andhra Bank. Following the amalgamation of Andhra Bank and Corporation Bank with Union Bank of India as per Government of India notification which came into force on April 1, 2020, RBI vide notification FIDD.CO.LBS.BC.No.22/02.01.001/2019-20 date March 30,2020 assigned SLBC convenorship to Union Bank of India. Right from formation of SLBC, 219 SLBC meetings were organized in the State besides several meetings of the Standing committee.