Members
MEMBERSHIP:
A co-operative bank is a financial entity which belongs to its members, who are at the same time the owners and the customers of their bank.
MCB as 15,061 members and the paid up share capital is Rs.1073.27 lakhs as on 31.03.2015.
- Regular Membership.
- Associate Membership.
- Nominal Membership.
SHARE CAPITAL
The authorised share capital of the bank is Rs.25000 lakhs. The bank is now making all efforts to admit more and more women from all sections of society to become its members and hopes to achieve the target it has set for itself in reaching the limit of authorised share capital in the next few years.
