The Mizoram Rural Bank established on 27th September 1983 under the Regional Rural Bank Act 1975 is perhaps the only RRB in the country having a spread in all the districts and blocks of a state. It covers 8 districts and 25 RD blocks including 1 urban and 11 semi urban centres. The entire state population is 8.89 lakh as per 2001 census and the area is 21000 sq.km. About  66% of the state is covered by forests and the mainstay of occupation is agriculture. Mizoram became a State as late as in 1986 yet its literacy percentage is 85.50%, the second highest in the country. The entire area except a few river valley plains in some pockets is hilly terrain undulated by rivers with rugged rapids. The state is declared  the greenest State in India. Rich in flora and fauna forming a part of the extension of the great Himalayan ranges it is covered with evergreen forests with scenic beauty. The bank is the second largest bank in the State next to the lead as well as sponsor bank, the State Bank of India. It has a market share of 18.55% in deposits and 17.64% in advances.

The year 2009-10 witnessed significant development as well as improvement in some key areas. A brief report on the new development during the year may be presented as under :

a)    New Developments :

• CGTMSE: The Bank has become the 100th Member Lending Institution of the CGTMSE.
• SBI Life: Corporate Agency Tie Up Agreement has been signed with the SBI Life. A target of Rs 150 lakhs as premium and Rs. 15 lakhs as commission has been allotted to the Bank.
• State Chanelising Agency: The Bank has been appointed State Chanelising Agency of the National Handicap Development Finance Corporation (NHFDC) for financing physically challenged persons. A MoU has been signed with the State Social Welfare Department.
• Opening of Regional Office: In terms of the Usha Thorat Committee recommendation the Bank opened Regional Office at Aizawl on 24.08.2009.
• Opening of Branch: The 61st branch was opened at Tuipang Centre in an unbanked block. The Bank has covered all blocks as well as Districts in the entire State thus fulfilling its mandate of bringing more uncovered centres in the remote and rural areas.

b)    Business Development :

• The Bank surpassed its target in all the three key areas of performance such as deposits,     advances and profit. Its performance under Govt. sponsored schemes such as KCC, SGSY, GCC and opening of No frills accounts under the NREGS has been good accounting for more than 50% of the aggregate figures of all banks operating in the state.
• The Bank has also wiped out its accumulated loss for the first time in its history of 27years     following significant improvement in its assets block and improved management of assets and liability. It has now joined the elite group of the “Sustainable Viable” RRBs.