Coop banks, RRB counter Covid crisis

Reported by | Updated: June 5, 2020

Senior bankers from an RRB, a state cooperative bank, a DCCB, a mahila cooperative bank and urban cooperative bank discuss the various measures initiated to tackle Covid-19 impact in serving customers: The COVID-19 pandemic is causing unprecedented economic hardship and widespread social disarray across the globe, not sparing anyone. The situation is changing quickly causing […]

A new approach to winning customer trust

Reported by | Updated: May 12, 2020

In times of coronavirus crisis, here is an innovative approach of mixing health and wealth At a time when cooperative banks have received adverse publicity, there is some refreshingly good news from a small city service cooperative bank in Kozhikode in Kerala. Calicut City Service Cooperative Bank, in less than 2 decades of operations, has […]

Big IT plans with small IT budgets

Reported by | Updated: May 2, 2020

Shashikant Abhang, CEO, Kurla Nagarik Sahakari Bank, gives details of IT infrastructure upgrades, staff training and future plans of the bank: The Kurla Nagarik Sahakari Bank operates in Mumbai city and suburbs with its 12 branches and a corporate office. The has been on CBS since September 2009 to provide anytime anywhere banking and other […]

CGG Bank undertakes tech infra upgrade

Reported by | Updated: February 28, 2020

Chaitanya Godavari Grameena Bank is a regional rural bank operating in Andhra Pradesh, sponsored by Andhra Bank, which holds 35% of the equity. The Andhra Pradesh government holds 15% stake and the government of India 50%. The bank has 218 branches. It has recently undertaken several technology upgrades. Here are some highlights. In April 2018, […]

Laxmibai Mahila Bank: Empowering & Advancing Women

Reported by | Updated: January 31, 2020

Laxmibai Mahila Nagrik Sahakari Bank was registered as a primary co-operative society in 1997 and it commenced its operations in 1978. The bank, popularly known as Laxmi Bank, became the first co-operative bank in 1998 to be accorded the scheduled status by Reserve Bank of India in the entire central India. Branch Targets Laxmibai Bank has […]

UCBs’ share with assets > Rs10 bn increase to 6.5% in 2018-19

Reported by | Updated: January 11, 2020

The consolidated balance sheet of urban co-operative banks expanded moderately in 2018-19 on the back of robust deposit growth which financed the pick-up in lending, according to RBI’s report on ‘Trend and Progress of Banking in India’, released in December end. At the end of March 2019, credit co-operatives comprised 1544 urban co-operative banks (UCBs) […]

Rajasthan State Coop Bank strengthens tech facilities

Reported by | Updated: December 20, 2019

Rajasthan State Cooperative Bank has ensured that the whole of the state is covered by banking services: Rajasthan State Cooperative Bank came into being on 14 October 1953 under the Rajasthan Cooperative Societies Act. Today, it has 5 regional offices cum branches and 11 branches in the state. Rajasthan as whole has 119 banks with […]

Jaipur DCCB plans alternate channels to boost customer base

Reported by | Updated: December 17, 2019

The Jaipur Central Cooperative Bank has been in existence for last 68 years. Its main target audience is farmers and it wants to take care of their financial needs. As many as 300 PACS and 31 registered cooperative societies are affiliated with the bank, which operates in the entire Jaipur district and has 25 branches. […]

The Bank that Gallops

Reported by | Updated: December 2, 2019

Jagtial, Telangana based Gayatri Cooperative Urban Bank started functioning comparatively late in FY 2000. However, it has made rapid, all round progress till date. It recorded 32.35% of growth in deposits to reach a level of Rs 6.39 bn by 31 March 2019. The bank had Rs 4.32 bn loans & advances with a remarkable […]

PSU bank mergers may force coop bank mergers

Reported by | Updated: November 28, 2019

Vinod Chaplot, CEO, Udaipur Mahila Samridhi Bank, and Vitthal Dhanani, GM, Varachha Coop Bank – discuss the evolving scenario for cooperative banks in the wake of PSU banks’ mergers and NBFC crisis: Mehul Dani: What is the post-PSU banks’ merger scenario for cooperative banks in terms of profitability and business growth in the wake of […]

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