Mizoram Co-operative Apex Bank
Indian co-operative banking company headquartered in Aizawl
From Wikipedia, the free encyclopedia
The Mizoram Co-operative Apex Bank or Mizoram Apex Bank is an Indian co-operative banking company headquartered in Aizawl. It was incorporated in 1982 as an urban cooperative bank.
| Type | Cooperative |
|---|---|
| Industry | Banking |
| Founded | 31 July 1982 |
| Headquarters | Aizawl, Mizoram, India |
Area served | Mizoram |
| Key people | Lalnunsanga (Chairman) A.Lallungmuana (CEO) |
Number of employees | 166 |
| Website | www |
History
The bank was established on 31 July 1982, as a state co-operative bank with a share capital of ₹16.53 lakh (equivalent to ₹3.1 crore or US$330,000 in 2023). Mizoram State Rural Livelihood Mission signed a memorandum of understanding with Mizoram Cooperative Apex Bank on 17 February 2018 to help self-help groups.[1]
Operation
The Bank has operations in Siaha, Lawngtlai, Lunglei, Champhai, Serchhip,[2] Kolasib, Mamit,[3] Main Branch, Dawrpui Branch, New Market Branch, Bawngkawn Branch and Cooperative Centenary Branch. The Bank currently has 1037 share-holder cooperative societies with the Government of Mizoram as of 30 September 2013[update] and has a total staff strength of 166 employees.[4] The Mizoram Cooperative Apex Bank has given loans to over 11,483 people in the state of Mizoram.[5]
