Chapter-4 :- Management and Corporate Governance

The Bank has adhered to the best corporate governance practices ensuring transparency, accountability and maintaining exemplary standards of ethics.

Major initiatives during the year

Introduced external rating framework for Direct Lending

Introduced scorecards for Trader Finance Scheme, Contactless Lending and Assistance to NBFCs

Training programmes on Risk Management System

NPA Management

Implementation of the Official Language Policy in the Bank

Bank ensured proper implementation of the official language policy of the Government of India.

Hindi correspondence stood at 99.85%, 91.02% and 70.25% as against target of 100%, 90% and 55% for A, B, C region, respectively.

In-house software for quarterly progress reports introduced

39 offices of the bank have been notified in the official gazette of India under Rule 10(4) of the Official Language Rules, 1976

Out of 40 staff-members to be trained in Hindi, 16 are undergoing training

65 Hindi workshops conducted; 63 offices & 20 verticals inspected

Hindi notings stood at 86%, 80% and 72% as against targets of 75%, 50% and 30% for A, B, C region, respectively.

Hindi magazine ‘Sankalp’ completed 88 issues

Organized ‘SIDBI Online Rajbhasha Hindi Prashna-manch 2018’ during Hindi fortnight

14th all India SIDBI Inter-Bank Hindi Essay Competition organized

19 offices bagged prizes for commendable implementation of Official Language Policy

Debenture Trustees

Following are the contact details of the debenture trustees for SIDBI's outstanding unsecured bond issuances under Rupee Borrowings: -

FY 2016-18
Apeejay House, 6th Floor, West Wing,
3, Dinshaw Vachha Road, Churchgate,
Mumbai - 400 020
Contact: Shri Deepak Dhondye
Direct: 022-43025514
Mobile: 8879150014
Fax: 022-22040465
E-mail: deepak[dot]dhondye[at]sbicaptrustee[dot]com
FY 2019
402 A, Hallmark Business Plaza, Sant
Dnyaneshwar Marg, Opp. Guru Nanak Hospital,
Bandra (East), Mumbai-400 051
Contact: Ms. Dhvani Ajudiya
Direct: +91 22 67167014
Mobile: +91 91724 47719
Fax: +91 22 67167077
Email: dhvani[at]milestonetrustee[att]in


The Board acknowledges the valuable support received from the Government of India and the Reserve Bank of India. The Board is also thankful to the World Bank Group; Japan International Cooperation Agency (JICA); Department for International Development (DFID), U.K. Kreditanstalt fur Wiederaufbau (KfW), Germany; The Deutsche Gesellschaft fur Internationale Zusammenarbeit (GIZ), Germany; International Fund for Agricultural Development (IFAD), Rome; French Development Agency (AfD), France and Asian Development Bank (ADB) for their continued resource support and technical cooperation. The Board places on record its appreciation for the co-operation extended to SIDBI by Life Insurance Corporation of India (LIC), Banks, state level institutions, industry associations and other stakeholders engaged in the promotion and development of the MSMS sector.

The Bank also thanks all its clients and investors for their co-operation and looks forward to the continued support in the years to come. The Board recognizes and places on record its appreciation for the services of SIDBI staff, at all levels who showed strong and continued commitment, integrity and dedication to take the Bank on a higher growth trajectory during the year.