The Banaskantha Mercantile Co-Operative Bank Ltd was established on 11th May 1973, registered under Co-Operative Society Act 1961 Registration No. 10906 and RBI License No. ACD/GJ 267 P. The Bank started with one branch at Palanpur with a Share Capital of Rs. 10.00 lacs, made continuous Progress and as of 31/03/2018 share capital is Rs. 10.00 crore.
At present The Bank is providing better customer service through its 6 Branches at various centers in Banaskantha, Gujarat.
The bank is having its Spacious and attractive Premises of 6 Branches.
The Bank started paying 12 % dividend from the year 1978. From the start of the bank Net NPA of the bank is “ZERO” this shows the real strength of the bank.