Okkal Service Co-operative Bank Ltd. No. 2181
Okkal P.O. Ernakulam - 683550 Phone: 04842462654 Mobile: 9446542654
Okkal Service Co-Operative Bank is a Class I Super Grade bank and bank has a major role in the co-operative sector of Kerala. Initially, the bank was registered as Okkal Karshika Sahakarana Sangam on 30/03/1958 as an initiative of some great personalities of Okkal with strengthened thoughts for the upliftment of members. Later the bank was registered as Service Co-operative Bank with registration no.
2181. The main objective was providing short term loans and promoting self help, thrift among the members. There were many socially committed leading personalities present in all ways.
Other than the normal banking operations of a service co-operative bank, Okkal Service CoOperative Bank is providing socially committed activities like pension to old aged members, medical insurance to the members and distribution of consumer items at low prices on festival seasons, our major strengths are low NPA, GDCS of `126 crore, well cooperative members, energetic director board and dedicated staff. In order to increase the organic farming culture for better health, the bank constituted about 15 self help groups for organic vegetable cultivation. Moreover, bank is making profits for the last 30 years. The current financial position of our bank is with deposits of `116 crore and loans of `76 crore and working capital of `123 crore. Our bank is the first bank that has achieved the classification of Class 1 Super grade in our Kunnathunad taluk and first bank to start Group Deposits and Credit Scheme (GDCS) of `25 lakh.
Mr Shaji K.D