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.