Shivalik Mercantile Co-operative Bank Ltd. was registered as a Co-operative Society under Uttar Pradesh Co-operative Societies Act, 1965 in 1997. It was granted the license to conduct banking business as a Primary Urban Co-operative Bank in the district Saharanpur by Reserve Bank of India in September, 1997. The Bank started operations on 5th September, 1998 and has registered constant growth since then. Presently the bank is rated amongst the best Urban Co-operative Banks in the state.