The idea of setting up a co-operative bank to extend banking services and thus bring about economic development of the people in the urban and semi-urban areas in Nalbari District (Assam) was first mooted in 1982 by the Late Prabhat Narayan Choudhury, a respected citizen of Nalbari Town and the doyen of co-operative movement in Assam. He discussed the matter on different occasions with various authorities in the co-operation department of the Government of Assam. He wrote to the local Assistant Registrar of Co-operative Societies January, 1984 seeking suggestion on the matter, and also forwarded a proposal to the Registrar in April of the same year. A number of correspondences took place thereafter between the Late Choudhury, the Co-operation Department of the Govt. of Assam, and the Reserve Bank of India. A Preparatory Committee was formed in June, 1989 under the president ship of Prabhat Narayan Choudhury. The inaugural General Meeting held in May, 1990 under his president ship unanimously adopted a resolution to set up a co-operative bank under the name and Read more....