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The Kangra Cooperative Bank Ltd. began its journey in March 1960, when a few friends from District Kangra, Himachal Pradesh, residing in Delhi, came together to form a small Thrift and Credit Society. Their vision was simple yet powerful - to uplift the economic conditions of people from Himachal Pradesh living in Delhi and to help them overcome financial hardships.
Through hard work, dedication, sincerity, and honesty of Promoters / Managing Committees and general members this small society steadily grew and, within twelve years, was recognized for its success. In 1972, the Reserve Bank of India (RBI) recommended the conversion of the society into a Primary Urban Cooperative Bank. However, due to compliance requirements, policies, and procedural complexities, it took much time to start work as a Cooperative Bank. The formal inauguration as a Cooperative Bank was done on October, 1977 by the then Chief Minister of Himachal Pradesh, Shri Shanta Kumar ji under the leadership of the Founder, Shri BR Sharma ji, who was Honorary Secretary at that time. This marked the beginning of new era of service. In the mean time the then thrift and credit society purchased a building at 1916, Chuna Mandi, Paharganj, New Delhi-110055 and set up a permanent office for society.
Shri BR Sharma ji, whose vision and relentless efforts laid the foundation of this Bank, struggled tirelessly to give the bank a firm footing and to win the trust of the shareholders. Despite facing numerous challenges, including personal hardships and even several life threatening attacks during the early years, he remained unwavering in his commitment. His leadership and selfless dedication were instrumental in guiding the bank from its early struggles to a strong, stable and growing institution
Slowly the bank expanded its presence, introduced modern services, and earned the confidence of thousands of shareholders. The Bank not only ensured quality banking for the people of Delhi and its shareholders but also created meaningful employment opportunities, especially for Himachalis residing in the capital.
Growth and expansion
- 1995 - RBI granted a full banking license
- 1996 onwards - Expansion with multiple new branches across Delhi
- 1997 – Purchase of Janakpuri property for Administrative and Head Office
- 2008 - Acquisition of Jagatpuri branch building
- 2022 - Acquisition of Burari branch building where Central Record also existing
The registered office of the bank continues to function from its own four-storied building at Paharganj, where the journey first took shape.
Legacy of service
From its difficult beginnings in 1977 as a bank to its present status as a trusted financial institution in the capital the Kangra Cooperative Bank Ltd. has consistently upheld the values of service, trust, and community welfare.
Guided under the visionary leadership of Sh. B.R. Sharma ji, the bank’s journey was shaped with a clear direction and purpose. He personally steered and inspired the Board of Directors, ensuring that the institution not only overcame its early challenges but also build a solid foundation for sustainable growth. With his dedication, along with collective efforts of the Board, the bank rose steadily to prominence.
In the decades that followed, successive Boards and team carried forward this vision with commitment- strengthening financial stability, expanding services, and staying true to Cooperative principles. The bank has consistently delivered dependable banking services while also serving as a pillar of support for the Himachali community in Delhi, and creating employment opportunities and contributing to the region’s social and economic progress.
Today, The Kangra Cooperative Bank stands as the largest Urban Cooperative Bank of Delhi - a name synonymous with trust, service, and cooperative spirit, and remarkable example of how vision, resilience, and teamwork can transform a humble society into a flourishing institution.
The latest audited financial position of the bank as on 31st March, 2025 is as follows:-
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Membership
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43031
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Clientele other
than members
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123759
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Share money
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45.18 crores
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Reserve/Other funds
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83.41 crores
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Working Capital
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1485.49 crores
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Deposits
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1317.73 crores
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Advances
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763.47 crores
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Net Profit Before Tax
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7.64 crores
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Net Profit After Tax
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6.84 crores
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Net NPA
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-0.27%
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CRAR
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13.71%
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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.
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AGBM and elections, audit etc are held on regular intervals. Bank is giving dividend to its Share-holders regularly. Bank has also introduced three schemes of welfare nature for its share holders.
First one, if any share holder of the Bank dies his nominee will get a death grant of Rs. 30000/- from members welfare scheme. If he has taken any loan, then loan amount up to Rs. 1,00,000/- will be exempted from interest.
Second one is in the form of scholarship @ Rs.3500/- and Rs.4000/- per year to the brilliant wards of the members and staff.
The third one is to give one time incentive to those wards of members / staff who get 90 % and above marks in 12th class Board examination, amount of incentive is Rs.5100/- and an appreciation certificate is being given to such wards in bank s annual general body meeting.
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All the branches of the bank remain open for six days a week except second and fourth Saturday. For the convenience of its customers it is having agency arrangement with HDFC Bank which enables the bank to issue Cheques 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.
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Bank is providing services of general as well as life insurance through New India Insurance Co., SBI Life Insurance Co. & IFFCO Tokyo Insurance co.
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PAN Card Services are also available at its all branches.
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For its employees bank has introduced several good schemes like cover of mediclaim insurance, covering expenses upto 3.00 lakhs requiring hospitalization of the employee, his or her spouse & upto two children. Facility of housing loan upto Fifty lakhs is also available for the staff.
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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.
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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.
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