Meghalaya Rural Bank
Meghalaya Rural Bank (MRB) was set up on 29th December, 1981 under RRB Act 1976 with the name as " Ka Bank Nongkyndong Ri Khasi Jaintia", on 1st May 2007 the bank got renamed as " Meghalaya Rural Bank". The Bank is listed as a Scheduled Bank under the Second Schedule of the RBI Act 1934. It was the first SBI- sponsored Regional Rural Bank to be set up in North-Eastern region. Total branches as on 31.08.2025 is 89. MRB is owned by Central Government, the State Government and the Sponsor Bank (State Bank of India) who hold shares in the ratios as mentioned below: Central Govt: 50% State Govt: 15 % Sponsor Bank ( SBI ): 35%. It was established to provide basic banking and financial services to the rural masses of Meghalaya. Our core mission is to foster community development by offering tailored agricultural loans, supporting local enterprises, and promoting financial literacy. With a robust network of branches, we are dedicated to bridging the urban-rural economic divide while embracing modern digital banking solutions to better serve our customers across all 12 districts.
90
Banking Outlets
12
Districts Connected
10L+
Happy Customers
45+
Years of Trust
Our Vision
To be the Bank of first choice and contribute significantly for the state's development
Our Mission
Provide quality banking services, promote growth in the community and be a part of growth opportunities
Chairman's Message
"We at Meghalaya Rural Bank have always endeavored to make banking a pleasant experience. We believe that the ability of the banking industry to achieve the socio-economic objectives and in the process bringing more and more customers into its fold will ultimately depend on the satisfaction of its customers. We have a strong belief that a satisfied customer is our ambassador in developing our business."
Shri Ashish Yadav
Chairman, Meghalaya Rural Bank