In furtherance to the development of the co-operative movement in the district, the need for establishment of separate machinery for the distribution of finance in the rural areas was felt vigorously & hence the district central co-op,banks came into existence as a Central Finance Agency to meet the financial requirement of the various co-operative in the district. The co-operative societies act gave birth to many co-operative institutions.
Hence ,The Nandurbar Merchants Co-operative Bank Ltd. came into existence on 01 April 1995 with the vigorous efforts taken by Shri. KISHORBHAI KANHAIYALAL WANI. Now the bank is having its registered office at 1030, KANAIYA SMRUTI GHEE BAZAR, NANDURBAR-425412 . The Bank is also having Banking License No. UBD/MH/1108 P date-07/01/1995 from Reserve Bank of India to transact Banking business.