Shivalik became the first Small Finance Bank in India to transition from an Urban Co-operative bank namely Shivalik Mercantile Co-operative Bank (SMCB). Founded in 1998 by Mr. Yashvir Kumar Gupta, with Mr. Suveer Kumar Gupta serving as its MD & CEO, till transition into Shivalik Small Finance Bank (SSFB). Mr. Suveer Kumar Gupta, who played a crucial role in this transition, not only served as the first MD & CEO of SSFB but also continues to contribute as an Advisor to the Board.

With over 25 years of banking experience in offering retail banking products and services Shivalik has been technology focussed since inception with consumer centricity as a key guiding principle. The Bank is powered by Infosys Finacle Core Banking and Digital Banking Suite including internet and mobile banking. The cloud based architecture provides the Bank with unmatched agility to cost effectively manage scale and power growth. Shivalik is available on all retail payment platforms and is a direct member of the National Financial Switch.