are our Bank’s authorized recovery agent under SARFAESI Act

We have introduced three new Branches at  Mitra Bhawan , Haldwani & Rudraprayag & Pauri


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 35 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)

31.03.2013 31.03.2014 31.03.2015
Paid up share capital 2337.07 2517.49 2737.83
Reserve and other reserves 9147.71 9608.61 10530.96
Net worth 11774.74 12188.35  
Deposits 100061.44 111949.33 124052.85
Investments (including term deposits with other banks) 45396.46 51142.24  
Loans & Advances 66652.31 77638.25 66755.54
Net Profit 1813.38 2062.40 1349.92
Gross NPA 412.95 1776.76  
Net NPA Nil Nil Nil

Bank’s ATM services have commenced with the assistance of  NFS (National Financial Switch) connecting to 1,50,515 ATMs across the nation.