Shivalik Mercantile Co-operative Bank Ltd. Information

Incorporated in 1997, Shivalik Mercantile Co-operative Bank Ltd. commenced its journey as a district level urban cooperative bank (UCB) on 5th Sept. 1998 with a single branch in Saharanpur. Expanding and growing steadily, the bank first got permission from RBI to open its branches anywhere in U.P. In 2010, Shivalik Bank acquired a loss making small bank in Dhar (M.P.) and converted it into a profit making branch for the bank within a year. This successful acquisition also helped the bank in attaining Multistate Bank status, a first for any UCB in the State of U.P. Encouraged with the success of the acquisition, the bank successfully acquired another cooperative bank at Indore (M.P.).Today, Shivalik Bank has emerged as the largest UCB in U.P. associated with 8000 self-help groups & operates through 31 branches across U.P. & M.P. and 3 Business Correspondent (BC) offices in remote villages. Shivalik Bank has got permission to expand its area of operation to cover Delhi state as well as Dehradun and Haridwar districts of Uttarakhand also. The bank has opened 10 branches during the previous year and is considering further expansion in Delhi and Uttarakhand in near future. Pioneering the benchmark for its excellence in banking services, Shivalik Bank provides a gamut of banking solutions to its valued customers including Loan Products (personal, professional, business & micro-finance), Deposit products (Savings A/C, Current A/C, Fixed Deposit, Daily Deposit Account) & services like remittances, lockers, ATM Cards, Insurance, Forex, Modern Payment system etc. Also, the Bank has been instrumental in meeting the credit requirements of its clients via demand loans, term loans, overdraft & financial guarantees against tangible assets. All branches of the bank are fully air-conditioned, CBS compliant and are equipped with ATM and Cash Deposit Machines. There are special counters for the Senior Citizens and the physically challenged.