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 being a house hold name in Meghalaya & as a pioneer in Banking in Meghalaya, has taken banking to the doorsteps of the people of the State and has been able to nurture and develop banking habits among the people. This has changed the saving habit of people from the traditional methods to the modern banking facilities to earn remunerative returns for their savings invested with the Bank and utilize various attractive and innovative banking products offered by MCAB.The Bank has provided Debt Relief to more than 54000 farmers amounting to Rs.9.81 crores under the ‘Agricultural and Rural Debt Relief Scheme’ 1990 sponsored by the Govt. of Meghalaya and made them Debt Free & re-eligible to avail loans and advances from the MCAB.

Financial Highlights 

As on  31.03.2016
(in Lakhs)
As on  31.03.2017
(in Lakhs)
Paid up Share Capital & Reserves Rs.12109.05 Rs.12417.32
Deposits Rs.185809.61 Rs.225999.67
Loans & Advances Rs.105745.07 Rs.106792.85
Investments Rs.98873.71 Rs.133853.03
Net Profit Rs.250.46 Rs.807.24
Working capital Rs.225874.07 Rs.270157.95

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 Board of Directors

1.

Shri Marchynna Syiem , Chairman of the Bank

2.

Shri J.R.Marak , Vice Chairman of the Bank

3.

Shri. Osmand E.J.Nongbri, Managing Director of the Bank

4.

The Registrar of Cooperative Societies, Meghalaya, Shillong.

5.

The General Manager, NABARD Meghalaya R.O. , Dhankheti, Shillong - 793 001.

6.

The Chairman / Representative of Meghalaya State Coop. Union, Oxford Hills, Kench’s Trace, Shillong – 793004.

7.

The Chairman / Representative of Iasohlang Service Coop. Society Ltd., P.O. Pynursla, East Khasi Hills District.

8.

The Chairman / Representative of Byrnihat Service Coop. Society Ltd., P.O. Byrnihat, Ri Bhoi District.

9.

The Chairman / Representative of Jaintia Border War-Sepngi Service Coop. Society Ltd., P.O. Dawki, West Jaintia Hills District.

10.

The Chairman / Representative of Mawngap Multipurpose Service Coop. Society Ltd., Amlarem, East Jaintia Hills District.

11.

The Chairman / Representative of South East Mawkhar Industrial Tailoring Coop. Society Ltd., Sunny Hills, Shillong – 793002.

12.

The Chairman / Representative of Mawphanlur Integrated Multipurpose Cooperative Society Ltd., BPO, Markasa, West Khasi Hills, Nongstoin – 793119.

13.

The Chairman / Representative of Rajpur Dairy Farming Cooperative Society Ltd., P.O. Bhaitbari, West Garo Hills District.

14.

Shri. Hilarius Pohchen, C/o Meghalaya Cooperative Apex Bank Ltd., P.O. Madanryting, Shillong – 793021.

15.

Shri. B. M. Roy Chyne, Advocate, Professional Co-Opt Member of the Board, Kench's Trace, Shillong-793004.

16.

Shri. Kiron Joshi, Chartered Accountant, LDB Building, G.S.Road, Shillong-793001.

17.

Dr. C. O.Rangad, Retd. Director of Horticulture, Qr.No.1, Risa Colony, Shillong-793003.

"The Bank with a mission......... Bank on us for all your Banking needs"


"We strive hard to give the best customer service to make our customers feel at home"

The Bank has been recognized as one of the Best Cooperative Banks in the country under two-tier structure and has won several prestigious National Awards instituted by the National Federation of State Cooperative Banks. The Bank also received "Best Performance Award" from NABARD for the year 1996-97 and a "Special Award" for the year 2005 - 06.
The Bank received the Best Channelising Agency Award for National Handicapped Finance & Development Corporation(NHFDC) by our Honorable President of India, Shri. Pranab Mukherjee on 3rd Dec 2013.

"We aim to grow to the highest level along with the growth of the people of Meghalaya"