Aizawl, May 2: Mizoram Chief Minister Lalduhoma attended the Mizoram Rural Bank (MRB) Branch Managers’ Conclave 2026 as Chief Guest at the MRB Head Office in Aizawl, praising the bank for its strong performance and role in supporting the state’s economic development.
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| Mizoram Chief Minister Lalduhoma presents an award to a top-performing branch during the Mizoram Rural Bank Branch Managers’ Conclave 2026 held in Aizawl. (Image: DIPR Mizoram) |
Addressing the gathering, the Chief Minister expressed pride that Mizoram Rural Bank is among the most progressive Regional Rural Banks in India. He particularly commended the bank’s impressive Credit-Deposit (CD) Ratio, noting that a higher ratio reflects the bank’s commitment to channeling deposits back into the community through loans, thereby boosting economic growth.
Lalduhoma emphasized the crucial role of branch managers in implementing government programmes at the grassroots level, especially flagship initiatives such as the Bana Kaih (Hand Holding) programme. He said the bank has immense potential to contribute further to the state’s development and urged officials to continue strengthening their outreach.
The Chief Minister also highlighted the importance of financial literacy and accessible banking services, particularly in rural areas, and called on the bank to expand its services to better serve the people of the state. He assured continued support from the government for MRB’s growth and initiatives.
During the event, Shri Prakash Chandra Baror, General Manager (A&S), SBI Corporate Centre, attended as Guest of Honour. The programme began with a welcome address by Shri Isaac Lalfamkima Sailo, Chief Manager (P&OA), while Pi Sheryl L. Vanchhong, Chairman of MRB, presented a report on the bank’s performance over the past year.
Established in 1983, Mizoram Rural Bank is jointly owned by the Government of India (15%), the State Bank of India (35%), and the Government of Mizoram (50%). The bank currently operates 2 regional offices and 106 branches, including 60 in rural areas, with a workforce of 491 employees.
In the last financial year, MRB recorded deposits of ₹6,526.10 crore, surpassing its target by ₹682.11 crore with a growth rate of 11.26 percent. Total advances reached ₹4,129.98 crore, while the bank posted a net profit of ₹152.27 crore and a CD Ratio of 63.28 percent, the highest in Mizoram.
The bank’s total business turnover reached ₹10,656.08 crore, averaging about ₹100 crore per branch, placing MRB among only four Regional Rural Banks in India to achieve this milestone. Notably, 97.36 percent of transactions are conducted digitally, the highest in Northeast India and second-highest in the country.
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Under the government’s Bana Kaihah programme, MRB has disbursed 279 loans, accounting for 59.35 percent of applications received from partner banks under the handholding initiative.
The conclave concluded with the distribution of awards to best-performing branches, followed by a vote of thanks by Shri Saibal Kanti Roy, General Manager (Business), MRB.
