Mizoram Chief Minister Highlights Achievements at Rural Bank Managers’ Conclave 2026
Chief Minister Lalduhoma attends Mizoram Rural Bank Branch Managers’ Conclave 2026
The Economic Times
Image: The Economic Times
Lalduhoma, the Chief Minister of Mizoram, attended the Mizoram Rural Bank Branch Managers’ Conclave 2026, praising the bank's impressive growth and high Credit-Deposit Ratio. He emphasized the importance of financial literacy and urged the bank to expand its services to better serve rural communities.
- 01Mizoram Rural Bank has a high Credit-Deposit Ratio of 63.28%, reflecting its commitment to community development.
- 02The bank recorded deposits of ₹6,526.10 crore and total advances of ₹4,129.98 crore last financial year.
- 0397.36% of transactions are conducted digitally, making it the highest in Northeast India.
- 04The Chief Minister stressed the need for enhanced financial literacy in rural areas.
- 05Mizoram Rural Bank is a significant contributor to the state's economic development.
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During the Mizoram Rural Bank (MRB) Branch Managers’ Conclave 2026, Chief Minister Lalduhoma praised the bank's achievements, particularly its Credit-Deposit (CD) Ratio of 63.28%, which is the highest in Mizoram. The bank recorded deposits of ₹6,526.10 crore and total advances of ₹4,129.98 crore in the last financial year, exceeding its targets. With a total business turnover of ₹10,656.08 crore, MRB is among only four Regional Rural Banks in India to reach this milestone. The Chief Minister emphasized the importance of financial literacy in rural areas and urged MRB to enhance its outreach to better serve the community. He assured continued government support for the bank's growth and service initiatives. The bank, established on September 27, 1983, is jointly owned by the Government of India, State Bank of India, and the Government of Mizoram, operating 106 branches with a workforce of 491 employees.
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The performance of Mizoram Rural Bank directly affects local economic growth by providing loans and financial services to rural communities, which can enhance livelihoods and promote financial inclusion.
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