In a strong push for financial empowerment, Mizoram’s Chief Minister Lalduhoma highlighted the urgent need to elevate financial literacy, particularly in rural pockets of the state. During his address, he celebrated the transformative impact of reliable banking on everyday lives.
At the Mizoram Rural Bank Branch Managers’ Conference 2026 in Aizawl on Saturday, the CM took center stage. He proudly declared the bank as a frontrunner among India’s regional rural banks, commending its consistent expansion and successes, especially its superior loan-to-deposit ratio.
This impressive ratio, he explained, symbolizes a dedication to recirculating community funds via lending, essential for spurring economic vitality. Lalduhoma stressed how such practices lay the foundation for sustainable progress.
Branch managers, he said, are the linchpins in executing state policies on the ground, notably in flagship programs like Bana Kaih Handholding. The bank, he added, holds vast promise for Mizoram’s advancement, with expectations set high for ongoing superior results.
Encouraging expansion of services to meet evolving public demands, the CM felicitated the bank’s outstanding previous-year results and pledged unwavering governmental backing for its future endeavors.
Sheril L. Wanchong, Chairperson of the bank, outlined recent advancements and thanked the leader for gracing the event.
Sponsored by the Government of India (15% stake), State Bank of India (35%), and Mizoram Government (50%), the bank was founded on September 27, 1983. Today, it oversees 2 regional offices, 106 branches—including 60 rural ones—and employs 491 people.
Financial highlights from the past year include deposits of ₹6,526.10 crore (₹682.11 crore above target, 11.26% growth), loans of ₹4,129.98 crore (over ₹300 crore beyond target), net profit of ₹152.27 crore, and a leading 63.28% credit-deposit ratio in the state.
Total business volume hit ₹10,656.08 crore, averaging ₹100 crore per branch—a feat shared by only four such banks nationwide.
