https://thebankinfo.com/

SHIVALIK MERCANTILE CO OPERATIVE BANK LTD

Jan 20, 2020 351

HISTORY:

This bank is  recorded as commercial Shivalik Co-operative Bank Limited and surgeries combined cooperation under the Societies Cooperative Pradesh law Uttar 0.1965 in 1997. I got a license to conduct banking business urban primary cooperative as a bank in Saharanpur district Reserve Bank of India in September, began in 1997. The bank's operations in September 5th, 1998 and recorded a steady growth since then. At present, the bank was rated among the top banks in the cooperative urban areas in the state.

Later to investigate the deposit base of over Rs. 100 crore in the March 31, 2010, and confessed to the bank as a bank second class and allowed to expand its area of ‚Äč‚Äčoperations to the whole of Uttar Pradesh state. The bank has been constantly seeking to expand and has taken more than Urban Cooperative Bank by the name Bhoj Nagrik Sahakari Bank Maryadit in Dhar, Madhya Pradesh. As a result of this merger, which was effective on November 1, 2010, de Bank was registered by the State Government (Cooperative Societies UP Act, 1965), and re-registered under the central government (Multi-State Co-Law -operative Societies, 2002), under the overall control of the central registrar cooperative societies, the Ministry of Agriculture and cooperation, New Delhi. Thus Shivalik Bank became the first multi-Urban Cooperative State of the State Bank of UP.

 

 

Chairman: Mr. Yashvir Kumar Gupta