Explanation:

Shivalik MCB started as a district-level UCB on 5 September 1998 with a single branch in Saharanpur, Uttar Pradesh. Soon, the bank expanded its presence by opening branches across the state. In 2010, the bank acquired a loss-making small bank in Madhya Pradesh’s Dhar and converted it into a profit-making branch within a year, which helped the bank achieve multi-state bank status. Shivalik bank is the largest UCB in Uttar Pradesh, is associated with 8,000 self-help groups, and operates through 31 branches.