Financial Performance

The Mizoram Cooperative Apex Bank Ltd started in 1982 and was opened by the then Chief Minister Brig.T. Sailo. Since then the Bank has been through good times and not so good times but definitely progressing slowly but steadily.

As it is well known Mizoram is among the younger states in the union of India, and is situated in the remote part of the North East with a small population of a little over ten lacs or one million people.

The Bank started with staff strength of 18 personnel with rented premises for its Head Office. And only one branch. Today the MCAB Ltd has a total of 166 staff and twelve branches.

Total deposits at that time were Rs. 80.38 lacs, total loans Rs. 8.47 and total borrowings Rs. 2.25 lac.

The growth of the Bank from its humble origins can be analyzed from the figures of the last three financial years ie. 2011 – 12, 2012 – 13 and 2013 – 14.

(Rs. In Lac)
Sl/No Particulars 2011 – 12 2012 – 13 2013 – 14
1 Deposits 37,223.30 43,211.96 49,587.19
2 Loans & Advances 23,705.52 29,009.84 34,127.93
3 CD Ratio 63.68% 67.13% 68.82%
4 Total Branches (Incl. H.O) 13 13 13
5 Total No of Staffs 142 166 166
6  Reserve Funds 396.95 663.47 1,583.52
7 Investment 10,629.09 11,912.91 13,367.56
8 Borrowings 2,969.56 2,233.05 1,541.15
9 Net Profit 254.55 298.82 381.93
10 Share Capital 604.22 607.43 181.87
11 CRAR 5.12 5.82 7.21