In India the Co-Operative Act was first created in 1904 and then passed again in the year 1912 as the Cooperative Act which led to the formation of the Central Co-Operative Banks and the States initiated the formation of various Co-Operative Banks. In year 1912 month of july 07 the “Banda District Co-Operative Bank Ltd Banda ” was founded in District Banda on that time its work area is limited in only Banda .
In the beginning the bank faced several financial problems, during which the bank received continued support of the city's public. Just as a small seed gradually assumes the form of a giant tree, in the same way the bank grew gradually day by day. In 1937, Bank completed its first Silver Jubilee (25 years) with flying colours. In coming years, the bank accepted the 1954-55 provincial supervision. In 1965, the new Co-Operative Act was passed after which the bank progressed continually. The phenomenal progress of the Bank from 2020 to 2024 is shown in the following brief table:-
|
S.No. |
Description |
Year 2020 |
Year 2021 |
Year 2022 |
Year 2023 |
Year 2024 |
|
1. |
Share Capital |
1641.71 | 1671.49 | 1694.73 | 1763.02 | 2394.40 |
|
2. |
Reserves |
2892.69 |
3059.27 | 3303.97 | 3563.30 | 3815.39 |
|
3. |
Owned Fund |
2474.39 | 2514.39 | 2557.64 | 2648.67 | 3327.53 |
|
4. |
Deposits |
39444.42 | 42518.86 | 43974.5 | 46964.60 | 48935.70 |
|
5. |
Borrowings |
2879.73 |
3162.73 | 4992.73 | 13922.09 | 10436.40 |
|
6. |
Total Loan & Advances |
20539.84 | 20283.87 | 18801.43 | 20397.69 | 29784.45 |
|
7. |
Net profit |
28.27 |
10.15 | 19.95 | 28.52 | 31.23 |
|
8. |
Investment |
18285.15 | 23665.99 | 28946.31 | 39745.85 |
29445.25 |
| 9. | Accumulated Profit | 215.81 | 225.96 | 245.91 | 274.42 | 305.65 |
| 10. | C.D. Ratio | 52.07 | 47.71 | 42.76 | 43.43 | 60.86 |
| 11. | Working Fund | 47794.81 | 51882.21 | 54445.41 | 66710.92 | 66600.37 |
| 12. | Cost of Management to Working Fund % | 2.11 | 2.18 | 2.16 | 1.87 | 2.30 |
| 13. | CRAR% | 11.57 | 11.59 | 11.26 | 9.59 | 9.58 |
| 14. | % of Gross NPAs to Loan & Advances | 11.43 | 10.09 | 11.18 | 12.26 | 4.53 |
| 15. | % of Net NPAs to Loan & Advances | 7.49 | 5.53 | 5.69 | 6.77 | 1.33 |
| 16. | No.of Branches Including H.O | 28 | 28 | 28 | 28 | 28 |
|
17. |
No. Of Employees |
129 | 127 | 126 | 126 | 126 |
In 1995, the Reserve Bank of India granted license to the Bank for doing business in Banking Sector. The most prominent feature of our bank is that, since its inception date the Bank has always been in Profit.
Bank’s progress and development is made possible by our hardworking representatives of the people, by the guidance of the departmental officials, by smooth transmittal and bank personnel’s integrity and sweat. Currently all the Branches of the Bank have been computerized as a first step toward modern banking. The Bank is working on CBS Platform. RTGS and NEFT are operational for instant fund transfer facility throughout the country and as well as ATM’s are being operated.
