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Meghalaya Rural Bank is a scheduled bank (2nd Schedule) under the Reserve Bank of India Act, 1934. The Bank's shares are subscribed to by the Government of India, State Bank of India, and Government of Meghalaya in the ratio 50:35:15. Meghalaya Rural Bank has the mandate of the Regional Rural Banks Act, 1976 to extend credit and other banking facilities for development of the rural areas of the State of Meghalaya. The Bank began operations under the nomenclature of Ka Bank Nongkyndong Ri Khasi Jaintia on 29th December 1981 with the opening of its first branch in Shillong.


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