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2010-07-06

SIDBI records highest ever loan sanction

The Small Industries Development Bank of India (SIDBI) has sanctioned a loan of R. 35,521 crore and disbursements at Rs 31,918 crore during FY 2009-10, including both direct and indirect loans.

The Small Industries Development Bank of India (SIDBI) has sanctioned a loan of R. 35,521 crore and disbursements at Rs 31,918 crore during FY 2009-10, including both direct and indirect loans. This is the highest ever the bank has recorded.

 

Chairman and Managing Director, SIDBI, RM Malla informed at the 12th Annual General Meeting held in Lucknow that their micro finance assistance has increased by 53 per cent to Rs 2,670 crores. The bank’s micro finance outstanding crossed the Rs 3,000 crore mark for the first time to reach to Rs 3,812 crore as on March 31, 2010, which is an increase of 78 per cent.

 

The total income of the Bank for FY 2009-10 also showed an impressive growth of 21 per cent and reached an all time high figure of Rs 3,207 crore with the profits increasing by more than 41 per cent to stand at Rs 421 crores.

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