Shillong, February 2, 2026: The Meghalaya Co-operative Apex Bank Ltd. (MCAB) has been recognised as one of the country’s best-performing State Cooperative Banks under the two-tier structure, winning the Third Prize from the National Federation of State Cooperative Banks (NAFSCOB) for the financial year 2024–25.

The award, which includes a trophy, shawl, and plaque of appreciation, will be presented at an award function scheduled to be held in Gangtok, Sikkim.

This latest recognition adds to MCAB’s consistent track record of performance at the national level. The Bank had earlier secured first, second, and third prizes from NAFSCOB for the financial years 2020–21, 2021–22, and 2023–24, respectively.

Established in 1971, MCAB operates an extensive branch network across Meghalaya and offers a range of digital banking services, including ATM facilities, mobile banking, and Unified Payments Interface (UPI) services. The Bank has maintained a record of consistent profitability and is a direct member of the Centralised Payment Systems, with its own Indian Financial System Code (IFSC).

In 2019, MCAB achieved a significant regulatory milestone by being included in the Second Schedule of the Reserve Bank of India Act, 1934, strengthening its standing within the banking system.

In recent years, the Bank has also received national recognition for its outstanding performance in Self-Help Group (SHG)–Bank Linkage from the Ministry of Rural Development, Government of India, and has been acknowledged by the Income Tax Department as a Top Tax Deductor.