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On March 30, 1966 the First Inaugural General Body meeting of seventy seven promoter and other well-wishers of the promoter Imphal Urban Co-operative Bank Ltd. Was held at the then Hotel Manipur (now Hon’ble Guwahati High Court premises). The foundation meeting was inaugurated by Late M. Koireng Singh, the then Hon’ble Chief Minister of Manipur. The meeting was chair by Late R.K. Birachandra Singh, Ex-Chairman, Imphal Municipality while Shri P.Achou Singh, Ex-Minister, Manipur was the Convenor.

The Draft Original Bye-Laws of the bank was adopted in that Meeting Shri P.Bihari Sharma, the then Inspector, Cooperative Societies, Manipur, now Retired Joint Registrar assisted the Convenor.

On june 16, 1966, the Bank was registration as a Cooperative Society by the then Registrar of Cooperative Societies, Manipur, Late Keisham Lamphel Singh, under the Assam Cooperative Societies act, 1949 (Act 1 of 1950) as extended to the then Manipur under Registration No.35 of 1966-67.

The bank was issued banking License by the Reserve Bank of India on November 29, 1966. It was the first Cooperative Bank in the North Eastern India to get Banking License from the Reserve Bank of India under the Banking Regulation Act. 1949. Then, the Banking Business was started from 1st March 1967 at B.T. Road Imphal, at present B.T. Road Branch of the Bank. We have stories of struggles, dedication and of sacrifices a number of a number of big hearted personalities, departed as well as living ones whose vision, mission and determination cannot be emphasized in words. Among the deceased, mention may be made of the following:

1 Late Sinam Krishnamohon Singh Ex-M.P.
2 Late R.K. Birachandra Singh Ex-President, Imphal Municipality
3 Late Yangmasho Shaiza, Ex-Chief Minister, Manipur
4 Late S. Nilamani Singh Ex-President, Imphal Municipality
5 Late Yumnam Chaoba Singh Ex-President of the Bank
6 Late Ng. Narayan Singh Ex- Director
7 Late R.K. Joychandra Singh Ex-Chief Minister, Manipur
8 Late Th. Nilamani Singh Ex-Principal, Imphal College
9 Late Wahengbam Ibohal Singh Businessman
10 Late Md. Abdul Haque Ex-Vice President of the Bank
11 Late L. Dinamani Singh Businessman
12 Late Ningthooujam Tombi Singh Ex-M.P
13 Late Md. Abdul Bari  
14 Late H. Daoji Shamra Ex-Jt. RCS, Deptt. of Cooperation, Manipur
15 Late Laishram Manaobi Singh Ex-M.L.A
16 Late K. Kanhai Singh Ex-Social Worker
17 Late Longjam Kulabidhu Singh Businessman
18 Late Ksh. Nawang Singh Ex- Vice President
19 Late R.K. Mani Singh Ex-General Manager and Founder Manager

On the livings, contributions of the following personalities towards promoting and nurturing of this great institution will be of immortal value:

1 Shri Paonam Achou Singh Ex-Minister & Ex-Vice President of the Bank
2 Shri Hijam Nimai Singh Ex-Director
3 Shri Sapam Mani Singh Ex-Director
4 Shri R.K. Ranabir Singh Ex-Chief Minister
5 Shri A.K. Chaoba Singh Ex-Director
6 Shri Gangmumei Kabui Ex-Minister
7 Shri Hawaibam Ranabir Singh Retd. IAS
8 Shri H. Maipak Sharma Businessman
9 Shri Thongam Haridas Singh Businessman
10 Shri R.K. Sanahal Singh Businessman
11 Shri R.K. Mahabir Singh Ex-DRCS, Dept. of Cooperation, Manipur.


Shri Paonam Achou Singh, the living legend was the moving spirit to materialize the dream of a Cooperative Urban Bank in Manipur. Recognition also goes to Late Longjam Kulabidhu Singh, Late Wangkhem Ibohal Singh who had supported the bank financially when promoting it.

Shri Paonam Achou Singh, the living legend was the moving spirit to materialize the dream of a Cooperative Urban Bank in Manipur. Recognition also goes to Late Longjam Kulabidhu Singh, Late Wangkhem Ibohal Singh who had supported the bank financially when promoting it.

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