International Journal of Management, IT and Engineering
  • Year: 2015
  • Volume: 5
  • Issue: 10

A Study on Products and Services with Special Referrence to Chirrakal Co-Operative Bank Ltd Kannur District

  • Author:
  • A. Vennila, A. Mekala
  • Total Page Count: 17
  • Page Number: 226 to 242

Rathinam Institute of Management, Rathinam College Arts and Science, (Affiliated to Bharathiar University) Pollachi road, Coimbatore

Online published on 26 May, 2016.

Abstract

A co-operative bank is financial entity which belongs to its members, who are at the same time the owners and the customers of their bank.co-operative bank often created by person belonging to the same local or professional community or sharing a common interest.as per banking regulation Act 1949 given authority to co-operative banks to do banking business were extended to co-operative banks. Chirakkal service co-operative bank ltd., A class one special grade bank in Kannur district has provided trusting service to their customers since 1961. It has 8 branches, consumer store and a fertilizer and pesticide store. Now a Bank starting co-operative Neethi medical store in its Head office building. The bank is providing an ambulance and a community hall at reasonable rates. The investment has reached up to 124 crores. It is apex body of primary agricultural credit/marketing/employees societies and other co-operative institution in the district.