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Over the years, the emphasis shifted from co-operative banks to the broader sphere of agricultural development banking and finance. To focus on the widening area of the training activity, the College was renamed as College of Agricultural Banking (CAB) on February 16,1974. Through the passage of time, the mandate of the CAB has evolved to reorient it to meet the challenges of the emergent socio-economic and political realities. The CAB was an intrinsic part of the experiment to use credit to catalyse rural development. The focus was agricultural projects and indeed, the CAB was virtually synonymous with the World Bank's Project Appraisal courses in South and SE Asia as well as Africa.

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