This was one of the early entrants to be touted as a new generation bank when the RBI decided to grant more licences to private banks in the early 1990s. The bank's fortunes have completely changed under the leadership of Romesh Sobti (since 2008): From being a relatively marginalised player in its early years to a robust universal bank, where growth came from building a liability banking book and a strong diversified loan book. In the coming years, it seeks to further rebalance its loan book, with a focus on business loans, loans against property/shares and rural loans. It also plans to expand digital banking operations in a big way.