•  The banking sector continued its growth during the period March 2008 to March 2009 – with an 11% rise in deposits from Rs503 billion to Rs557 billion, a 20% rise in advances from Rs342 billion to Rs409 billion, and a 22% rise in bank profits from Rs11 billion to over Rs13 billion.
•  The supervisory and regulatory framework was enhanced and modernised – with a seamless transition from Basel I to Basel II for capital adequacy after a frictionless year of parallel run, and the revision of some guidelines especially those relating to credit concentration and related party transactions.