The Chief Minister of Meghalaya, Dr Mukul Sangma inaugurated the Co-operative Core Banking Solution (CCBS) for the Meghalaya Co-operative Apex Bank Ltd (MCAB) on October 20, 2011. The application has been designed and developed by National Informatics Centre (NIC).
The Chief Minister said that core banking not only increases employee productivity but also improves monitoring of agricultural and non-agricultural credits. He hoped that with the co-operation of the people the bank would further improve its services. By increasing its presence in remote areas the bank has benefitted rural people immensely, Dr Sangma said.
The inaugural function was attended by Shri Saleng Sangma, Minister of Co-operation, Government of Meghalaya, Smti R Warjri, Chairperson of MCAB, Smti JRD Kailey, Deputy Director General, NIC, Shri A K Singh, Senior Technical Director, NIC, Shri Timothy Dkhar, Senior Technical Director and State Informatics Officer, NIC Meghalaya, Shri I P S Sethi, , Senior Technical Director, NIC among others.
After the inauguration, the Chairperson of the Bank handed over the first CCBS passbook to the Chief Minister who is also a customer of the bank.