Many shareholders were present at the meeting through Video Conferencing. The requisite quorum being present, the Chairman & Managing Director called the Meeting in order. The Chairman & Managing Director then delivered his speech.

Dewangan said, “We saw an exceptional growth in loans sanctioned, which increased to ₹3,58,816 crore in 2023-24, with growth of 34% and highest ever yearly disbursements, reaching a staggering ₹1,61,462 crore, with 67% year-on-year growth. The total income has grown to ₹47,214 crore, up by 20% from the previous year. This is complemented by a net profit of ₹14,019 crore, reflecting a 27% increase year-on-year. The loan book stands robust at ₹5.09 lakh crore, with a growth rate of 17% year-on-year. Additionally, our Capital Adequacy Ratio is 25.82%, well above the minimum requirement of 15%. Further, I’m pleased to report that we have had no new NPAs, over the last 9 quarters.” He added, “We are at the forefront of India’s energy transition, managing ₹38,971 crore in renewable energy loans and aiming to increase this to around 30% of our projected ₹10 lakh crore loan book by 2030.”