Banking - , Meghalaya, India
The Meghalaya Co-operative Apex Bank Ltd. (MCAB) was established in 1971, with the formation of Meghalaya State after bifurcation of the erstwhile Assam State . Since then the Bank has developed and expanded its activities / operations and has grown in manifolds. MCAB commenced Banking operations with just two branches one at Shillong and the other at Tura. Today, the Bank has a wide network of 49 branches, spread throughout the State providing effective banking products and other related services to the general public. The MCAB has mobilized Deposit Resources of more than Rs.1690.85 crores and Advances of over Rs.931.35 crores as on 31.03.2015 for various development activities in the State. The MCAB is a house hold name in Meghalaya.
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