Banking is the backbone of a modern economy. Banking institutions make a significant contribution to the progress of the country. The sustainable economy too depends on the strength of the banking industry. Co-operative banks also play an important role in this. Kerala's economy is drawing immense strength from its co-operative sector, which has a long cherished legacy of contributing significantly to the nation-building process.
On its part, the Kerala Government has started initiating several structural changes in the cooperative banking sector with the objective of ensuring more vigour and vitality to all activities in the sector. Accordingly, thirteen District Co-operative Banks have been merged with the Kerala State Co-operative Bank on 29th November, 2019. The new entity, now known as Kerala Bank, envisages large-scale development of the state in all the key sectors. As far as the Kerala society is concerned, it is the bank of the common man.
Kerala Bank has been established with the broader vision and determination to ensure a secure, reliable and affordable banking service that can be accessed by all sections of the society. In this process, the bank is strengthening the base of the Co-operative Economic Community in the state by equipping itself to move forward vigorously in the changing economic climatic condition.
Kerala Bank promotes savings and investments of individuals and institutions. The bank prioritizes lending and services to individual customers, Primary Agriculture Co-operative Societies, other co-operative societies and institutions, industries, SHGs, and JLGs. All sections of the society will have access to modern banking services from Kerala Bank. No sooner, Kerala Bank will emerge as the number one popular bank in the state.
Every Keralite will consider Kerala Bank as his/her own Bank. Every household in the state would have a Kerala Bank account in the immediate future. Efforts are also on to make all the government, the quasi-government, and the autonomous institutions as customers of the Bank
Therefore, Kerala Bank aims to provide different types of loans and deposit schemes covering all categories. Kerala Bank is here to support farmers, expatriates, small entrepreneurs, Kudumbasree workers, and the rest of the segments of our economy
The structure of Kerala Bank is adequate enough to ensure service in the state without any urban or rural differences. It has seven Regional Offices, a Corporate Business Office at Ernakulam and Credit Processing Centres in 13 Districts across the state. At present, Kerala Bank has 769 branches across the state
Primary Agricultural Co-operative Banks are the backbone of Kerala Bank. Kerala Bank can provide many services through Primary Agriculture Co-operative Societies (PACS), the popular face of the co-operative sector in the state. Kerala Bank also has an objective of strengthening Primary Agriculture Co-operative Societies (PACS), Urban Co-operative Banks and other co-operative societies thus making new strides in the field of co-operative banking. The ultimate goal of the Bank is the all-round development of Kerala. Kerala Bank will always be with the people of Kerala with a helping hand to meet their financial and livelihood needs.