HP State Cooperative Bank Ltd.

The Himachal Pradesh State Co-operative Bank was established in 1953 after amalgamating three Central Co-operative Banks into it. The Registration of Himachal Pradesh State Co-operative Bank was done in August, 1953, under the Co-operative Society Act, 1912 the bank started functioning on 15th March 1954. At that time, the State of Himachal Pradesh used to be the Union Territory and there were only 6 districts in the State. The bank started functioning as an Apex bank as well as Central financing agency under 2-tier system in 6 districts of the State. In the year 1955 one Joint Stock Bank i.e., Bank of Sirmour was also merged in it. At present the HPSCB is performing dual function viz. that of Apex Co-operative Bank in Himachal Pradesh to play lead role in development in Co-operative in the State and that of a Co-operative Bank in 6 districts viz. BILASPUR, CHAMBA, KINNAUR, MANDI, SHIMLA and SIRMOUR through a network of 238 branches and 24 Extension Counters.