The Cali­cut Town Ser­vice Co-op­er­a­tive Bank Ltd

Town Bank Tower, A. G. Road, Kozhikode - 673001 Ph: 91 495 2765474/ 2762473 email: town­bankcali­cut@gmail.com

Banking Frontiers - - Cooperative -

The Cali­cut Town Ser­vice Co-op­er­a­tive Bank Ltd is one of the lead­ing pri­mary ser­vice co­op­er­a­tive banks in Kozhikode dis­trict of Ker­ala. The Chief pro­moter of the bank is Mr. M. Bhaskaran. The bank got reg­is­tered on 31st July 1997 and com­menced busi­ness on 3rd July 1998 with share cap­i­tal of `1,36,300 in a small rented premise of about 350 sq. ft. area. The op­er­a­tions cov­ered only 2 vil­lages of the dis­trict. Sri Bhaskaran was elected

Mod­erni­sa­tion and Tech­no­log­i­cal Ad­vance­ments

• Fully com­put­er­ized and im­ple­mented Core Bank­ing Sys­tem (CBS) in 2004

• NEFT/RTGS fa­cil­i­ties ac­ti­vated in 2010

• SMS and Missed Call Alert Sys­tem in­tro­duced in 2010

• First to in­tro­duce ATM, In­for­ma­tion Kiosk and data cen­ter among co-op­er­a­tive banks in 2014

• Easy Share Mail­ing Sys­tem in­tro­duced in 2014

• For smart bank­ing Mobile App “M Score” in­tro­duced in 2016

• Fa­cil­i­ties of West­ern Union Money and Xpress Money Trans­fer

• Cash count­ing ma­chines, fake note de­tec­tors and gold pu­rity an­a­lyzer in all branches.

So­cial Com­mit­ments

• Started a fair value ‘Neethi Med­i­cal Store’ and pro­vides

medicines at dis­counted rates of 12% to 40%

• Pro­vides fi­nan­cial as­sis­tance to peo­ple suf­fer­ing from

can­cer and kid­ney dis­eases

• Pro­vides study ma­te­rial freely to schools on a large scale the first chair­man of the Bank. He will com­plete his 20 years of chair­man­ship on the 30 Oc­to­ber 2017.

The bank today has 8 branches and is plan­ning to ex­pand its busi­ness network to reach more and more peo­ple. As on 31 March 2017, it has de­posits of `238.24 crore and the loan out­stand­ing of `176.32 crore. It has se­cured the top clas­si­fi­ca­tion of Class I Su­per Grade. The bank pro­vides up to `50 lakh each as loan to its cus­tomers. • Dis­trib­utes plants to the pub­lic as part of ‘Haritha Ker­alam’

pro­ject

• Pro­vided toi­let fa­cil­i­ties and chil­dren’s parks in gov­ern­ment

schools

• Pro­vided digital class room fa­cil­i­ties to sev­eral L.P. Schools • Un­der­took pro­grams to pro­mote or­ganic farm­ing.

Growth in re­cent years:

• Share cap­i­tal in­creased from `243,46,536 to

`510,48,656

• De­posit out­stand­ing in­creased from `1277,008,602 to `2379,315,049

• Loans dis­bursed in­creased from `1,376,537,730 to `1,705,645,422

• To­tal busi­ness in­creased from `5,239,084,566 to 7,836,200,394

• Profit in­creased from `44.07 crore to `176.12 crore. We rep­re­sent one of the most thriv­ing and ever ex­pand­ing pri­mary ser­vice co-op­er­a­tive bank!

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