!! Service to community with smile through co-operatives !!

                      Disclaimer || Guide Map || Vacancies  || Public Notices / Tenders  ||  || Special Scheme For Transport Loan  || IFSC Codes  || SBI Life Insurance  ||

Meet our...

 

       

         The Kangra Cooperative Bank Ltd. started in a very humble way as a small Thrift/Credit Society in March, 1960 by a few friends of Distt. Kangra of Himachal to help out the people of Himachal residing in Delhi to uplift their economic conditions and tide over the financial hardships. Dedication, sincerity and honesty of these members/associates brought rich fruits and this Thrift/Credit Society grew up into a big society within twelve years after its formation and successful running was converted into a primary urban Cooperative Bank in 1972 by RBI and was permitted to carry out banking activities including acceptance of deposits from public (non-members) by opening their Saving, Current and RD A/c’s.  Twenty three years there from in June  1995 it was granted a license to carry out the banking business by the Reserve Bank of India .   Thereafter, it was granted license to open  branches and consequently six more branches were added  in February, May, December 1996, June 1998 ,October 2008 and the last one in July 2009.  In may 1970 it purchased  Paharganj building and reconstructed the same in 1993. In october, 1997 it purchased the present premises at Janakpuri to set up administrative, arbitration and recovery department and HO.  Central accounts and Personnel department  are functioning from this building. It has a meeting room.  One branch also function here.  The main branch along with its service branch, is situated in its own three storied building at Paharganj.  It purchased another Building in April 2008 At Jagatpuri where its one of the existing Branches has already been functioning.It has a board meeting room.  The latest audited financial position  of the bank as on 31st March, 2014 is as follows:-  

 

Membership

38648

Clientele other than members

119395

Share money

20.12 crores

Reserve/Other funds          

27.16 crores

Working Capital                          

635.01 crores

Deposits                                    

548.65 crores

Advances                                  

355.82 crores 

Net Profit Before Tax

9.76 crores

Net Profit After Tax

7.24 crores

Net NPA                                          

0.96%   

CRAR                                        

12.58%  

Bank enjoys Grade ‘A’ audit classification since long. Govt. of NCT of Delhi gave to the Bank "Best Bank Award" for the years 2004-05, 2007-08, 2009-10 and 2011-12.     

AGBM and elections, audit etc are held on regular intervals. Bank  is giving dividend to its Share-holders regularly and lastly declared @ 18% the highest declared/paid so far.  Bank has also introduced three schemes of welfare nature for its shareholders .  First one is where grant of Rs. 20,000/- is given to the nominee of the deceased members and  no interest is charged up to 50000/- liability in case of death of the member, the second  one is where scholarship @ Rs.150/- and Rs.200/- per month is given to the brilliant wards of the members and  staff and the the third one is to give one time incentive to those wards of members / staff who get 90 % marks in Board examination. Amount of incentive is Rs.3100/- and Rs.5100/- for 10th and 12th class respectively.

All the branches are fully computerized with CBS. The implementation of CTS, NEFT/RTGS have already been done .Board of Directors has also prepared a “Vision Document” for 2011-12 to 2013-14 according to which various  targets have been fixed. 

                       

Membership  has been planned upto 38500  

Efforts will be made to maintain the highest percentage of dividend  

Clientele 1.15 lacs  

Share Money upto 25 crores 

Deposits to increase 500 crores from 344 crores  

Advances to increase 350 crores from 237 crores.

To increase the Net Worth of the bank to Rs.45 crores 

To impart 3-5 days training to each Staff members in next 3 years.  

To purchase at least two own buildings for branches on rent.  

To get Scheduled Bank status. 

To create a befitting set up matching the status of the Bank. 

To open 8th Branch, two ext. Counters /BCs/BFs, two on –site-ATMs and cheque collection centres.  

To strengthen and upgrade IT system in the Bank including RTGS, CBS and computerization of H.O. in all respect.  

To make efforts to increase General Loan to Rs. 2lacs.

To take steps to provide quality service to the customers.  

To make efforts to bring down gross NPA to 4% and net NPA 0%.

 

All the branches of the bank remain open for six days a week with full day banking service on Saturday.  For the convenience of its customers it is having agency arrangement with HDFC Bank which enables the bank to issue Demand Drafts on HDFC branches across the country, to arrange collection of out-station cheques within a week or ten days.  Bank is also maintaining C-SGL A/c with HDFC and also participate in the non-competitive bids of RBI for the purchased of Govt. Securities.  

For its employees bank has introduced several good schemes like cover of mediclaim insurance, covering expenses upto 3.00 lacs requiring hospitalization of  the employee, his or her spouse & upto    two childrens.  Facility of housing loan upto fifty lacs is also available for the staff.

It has in place well defined service rules which ensures career growth to its employees.   It also celebrates annual day in which awards for best branch, workers etc. are also given.  

In order to improve the knowledge of the staff guest lectures are also arranged on important topics related to the banking activities from time to time.  

Contact us ||Feedback|| Search

 This site is best viewed with 800x600 resolution  

This Site is Designed and being Maintained by The Kangra Co-Operative Bank LTD. Itself