In the name & style of "the mandvi mercantile co.operative bank Ltd." Bank was registered under the sahakar vibhag,bhuj kutch ,License no. Sa-1935 as well as RBI license no. Gujarat-1190p Which was issued on Dated 23-12-1995 , Bank Finally started the operation on 13-12-1996.
The intention of sincere, long-term, clear and healthy vision of the promoters was made clear that The bank has not turned back since then. From “zero” in 1996, the bank has crossed commendable milestones in efficient banking and dedicated customer services. During these 24 years, About 24097 customers are connected to the bank through the bank's full customer oriented approach. The Deposits have crossed ₹.62.11 crores and Advances ₹.16.01 crores mark. Net NPA of the bank has remained NIL till date. With paid up Share Capital of ₹. 91.56 Lakh and total Reserves above ₹. 4.36 crores, the bank is enjoying immense and exemplary solidarity and liquidity. Just to prove this, the bank’s CRAR has remained 23.32% as on 31st March 2020 – a long way ahead of 9% prescribed by RBI.
The saga of success doesn’t end here. The bank is committed to provide efficient, dedicated and high-tech services to its valued clients. The banking will be an enjoyable experience with The Mandvi Mercantile Co.op.Bank Ltd. The bank will always satisfy the banking needs of the businessmen of Mandvi.