Officials from Cooperation Department, NABARD and MCAB Meet Mizoram Governor

Aizawl, April, 2026 : Officials from the Cooperation Department, the National Bank for Agriculture and Rural Development (NABARD) and the Mizoram Cooperative Apex Bank Ltd. (MCAB) called on the Governor of Mizoram, General (Dr) Vijay Kumar Singh, PVSM, AVSM, YSM (Retd), at Lok Bhavan in Aizawl today. The meeting focused on the recent grant of “Scheduled Bank” status to the Mizoram Cooperative Apex Bank Ltd. by the Reserve Bank of India (RBI). The officials also discussed various developmental initiatives aimed at strengthening the cooperative banking sector and enhancing financial inclusion across the state.

Mizoram Governor, General (Dr) Vijay Kumar Singh expressed his appreciation for the significant achievement of the Mizoram Cooperative Apex Bank Ltd. in attaining Scheduled Bank status. He noted that once the bank is recognised as a scheduled bank under the Reserve Bank of India, various state government departments will be able to conduct official transactions through it. The Governor reiterated that cooperative banks play a vital role in serving the common people and urged all stakeholders to make every possible effort to further strengthen and develop the institution.

The meeting was attended by Mr. Udit Prakash Rai, Commissioner & Secretary, Cooperation Department; Mr. John LT Sanga, Registrar of Cooperative Societies (RCS); Mrs. Pankaja Borah, General Manager, NABARD and from the Mizoram Cooperative Apex Bank Ltd. – Mr. Lalnunsanga, Chairman; Mr. Lalrinchhana, Vice Chairman; Mr. Rosiamliana Ralte, Director; Mr. P. Lalsawmliana, CEO and Mr. Vanlalhriata, Deputy General Manager.

This development marks a new chapter for the banking sector in Mizoram. As notified in the Gazette of India dated April 15, 2026, the Mizoram Cooperative Apex Bank Ltd. has been included in the Second Schedule of the Reserve Bank of India Act, 1934, thereby acquiring Scheduled Bank status.

The Mizoram Cooperative Apex Bank was established on July 31, 1982. Currently, the bank operates 35 branches and 45 ATMs across the state. It holds deposits amounting to ₹1,930 crore and has extended loans worth ₹1,272 crore, achieving a Credit-Deposit (CD) ratio of 66%. The bank is among the top performers in terms of loan disbursement in Mizoram’s banking sector.