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History / Milestones

2010s
2000s
  • Since 2005, improved profitability & assets quality
  • 2007:provided for all NPAs, returned to profitability and improved capital adequacy ratios
1990s
  • Converted to Joint-Stock Company
  • 1993: Public issue
1980s
  • Started project financing in non-manufacturing sector
  • Set up Merchant Banking Division
  • Disbursements: ` 29,367 Mn
1970s
  • Establishment of Pan India presence
  • Total disbursements: ` 3,776 Mn
1960s
  • Total Disbursements went upto ` 2,629 Mn
  • Portfolio dominated by sugar & textiles
1950s
  • Development of Organizational Procedures and structures
  • Agreement with World Bank to extend line of Credit in Foreign currency
1948
  • Statutory Corporation established in 1948 under an Act of Parliament