Okkal Ser­vice Co-op­er­a­tive Bank Ltd. No. 2181

Okkal P.O. Er­naku­lam - 683550 Phone: 04842462654 Mobile: 9446542654

Banking Frontiers - - Cooperative -

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.DChair­man

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.