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 43 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.911.68 crores and has advanced over Rs.263.23 crores as on 31.03.2010 for various development activities  in the State. The MCAB is a house hold name in Meghalaya.  

The MCAB 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.