Explanation:

The Registration of Himachal Pradesh State Co-operative Bank was done in August, 1953, under the Co-operative Society Act, 1912 the bank started functioning on 15th March 1954. In the year 1955 one Joint Stock Bank i.e., Bank of Sirmour was also merged in it. At present the H.P.S.C.B. is performing dual function viz. that of Apex Co-operative Bank in Himachal Pradesh to play lead role in development in Co-operative in the State and that of a Co-operative Bank in 6 districts viz. Bilaspur, Chamba, Kinnaur, Mandi, Shimla and Sirmaur.