OUR NEW BRANCH SRINAGAR (GARHWAL) AT BADRINATH ROAD HAS BEEN OPENED.

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It has been our constant endeavour to provide highest levels of service to our esteemed customers.

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It gives me immense pleasure to welcome you to our new website, which is to a significant extent, the fruit of the endeavours of our remarkable in-house IT team.

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The Kurmanchal Nagar Sahkari Bank Ltd., situated in Nainital in Uttarakhand State started banking operations with effect from 1st January 1983, after receiving RBI license No DBOD (UBD)/UP 318-P dated 06th October 1982 Over the years the bank has acquired the status of a leading Urban Cooperative Bank not only in the State of Uttarakhand but in the whole of Northern India as well. This has become possible due to customer friendly approach, product innovation, delivery system and technology up gradation of its retail-banking network spread over 31 centres. This has been the core strength of the bank. The financials of the bank are strong and the bank has registered remarkable growth with the financial sector reforms introduced in the country in the nineties.

 

A ringside view of Bank’s retail operations are as under: (Rs. in Lacs)

31.03.2010 31.03.2011 31.03.2012
Paid up share capital 858.88 1516.63 2078.29
Reserve funds and other reserves 5356.76 6539.28 7856.44
Net worth 6215.64 8351.02 9934.73
Deposits 64946.62 82271.32 85762.77
Investments (including term deposits with other banks) 28220.87 35036.09 36276.45
Loans & Advances 49892.51 68114.05 54752.00
Net Profit 781.49 1119.53 1434.00
Gross NPA 189.48 158.34 530.07
Net NPA Nil Nil Nil

Bank’s ATM service has started customers can avail services of ATMs of BANCS Group namely Bank of India,Air Corporation Employees Co-op Bank,Axis Bank Limited,Bank Of Bahrain Kuwait,Cosmos Bank Limited,Greater Bombay Co-operative Bank,Industrial Development Bank of India,Punjab and Maharastra Bank,Saraswat Bank Limited,Ernakulam District Coop Bank,The Shamrao Vitthal Bank,The Thane Janata Sahakari Bank,Dombivali Nagari Sahakari Bank Limited,Abhyudaya Cooperative Bank Limited,Janakalyan Sahakari Bank,Lakshmi Vilas Bank,Samarth Sahakari Bank,The Zoroastrian Co-operative Bank Ltd,Nagpur Nagarik Sahakari Bank,Apna Sahakari Bank Limited,Hindustan Cooperative Bank Limited,Nutan Nagrik Bank,The Vishweshwar Sahakari Bank Ltd,Ratnakar Bank Limited,The Vishweshwar Sahakari Bank Ltd, Kalapana Ichalkaranji Janata Sahakari Bank.

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