11

3.1 INDUSTRY PROFILE

3.1.1 Banking Industry in India
Banks are the financial backbone of any countrys economy. Without a sound banking
system a country cannot have a healthy economy. A bank is a financial institution which
deals with money and credit. It accepts deposits from individuals, firms and companies at
a lower rate of interest and gives it at a high rate of interest to those who need them. In
other words, a bank is a financial intermediary that accepts deposits and channels those
deposits into lending activities, either directly or through capital markets. A bank
connects customers with capital deficits to customers with surpluses. Banking is
generally a highly regulated industry and government restrictions on financial activities
have varied over time and locations.
The origin of the term Bank derived from the Italian word banco, Latin word bancus,
and the French word banque, which means bench. In other words the term bank is
derived from the German word banck. Benches were used as desks or exchange
counters during the renaissance by Florentine bankers, who used to make their
transactions atop desks covered by green table cloths.
3.1.2 Definition of Bank
According to Indian Banking Companies( Regulation) Act 1949 the term banking means
accepting deposits for the purpose of lending or investment of deposits of money from
the public, repayable on demand or otherwise and withdraw by cheque, draft or
otherwise.
Bank can defined as an organization, usually cooperation, chartered by a state or federal
Government, which does most or all of the following; receives demand deposit and time
deposits, honors instrument drawn on them and pays interest on them; discount notes,
make loans and investment in securities; collect cheques, draft and notes; certifies
depositors cheque and issues draft and cashiers cheques.

12

3.1.3 History of banking in India
The banking system of India should not only be hassle free but it should be able to meet
new challenges posed by the technology and any other external and internal factors. The
most striking is its extensive reach. It is no longer confined to only metro politans or
cosmopolitan India. In fact, Indian banking system has reached even to the remote corner
of the country. Banking in India originated in the last decades of the 18
th
centaury. The
first bank in India was General Bank of India, through conservative, was established in
1786. And the Bank of Hindustan, both of which are now defunct. The oldest bank in
existence in India is the State Bank of India, which originated in the Bank of Calcutta in
June 1806, which almost immediately became the Bank of Bengal. This was one of the
three Presidency banks. There other two being the Bank of Bombay and the Bank of
Madras; all three of which were established under charters from the British East Civil
India Company. For many years the Presidency Banks acted as quasi-central bank, as did
their successors. The three banks merged in 1921 to form the imperial Bank of India
which, upon India independence; became the State Bank of India.
From 1786 till today the journey of Indian banking system can be segregated into three
distinct phases. They are mentioned below.
Early phase from 1786 to 1969 of Indian banks
Nationalization of Indian Banks and upto 1991 prior to Indian banking Sector Reforms.
New phase of Indian banking system with the advent of Indian financial and banking
sector reforms after 1991

13

Chart 3.1
BANKING STRUCTURE IN INDIA


















As far as the present scenario is concerned the banking industry is in a transition phase.
The public sector banks (PSBs), which are the banking foundation of the Indian Banking
system account for more than 78% of total banking industry assets. Unfortunately they
are burdened with excessive Non-performing assets (NPAs), massive man power and
lack of modern technology.

RESERVE BANK OF INDIA
Commercial
Bank
Specialized
Banks
Co-operative
Banks
Development
Banks
Public Sector
Private Sector
Foreign Banks
Primary Credit
Society
Central Co-
operative Banks
State Co-
operative Banks
14

The private sector banks in India have immense progress. They are leaders in the internet
banking, mobile banking, phone banking and ATM. On the other hand the public sector
banks are still facing the problem of unhappy employees. There has been a decrease of
20% in employees strength of the private sector in the voluntary retirement schemes
(VRS). As far as foreign banks are concerned they are likely to succeed in India.
The various types of banks include; commercial bank, industrial bank, foreign exchange
bank, agricultural bank, developmental bans, specialized banks etc. The organized sector
mainly consists of money market, commercial banks, co-operative banks, regional banks
etc. Unorganized sector comprises money lenders and indigenous banks.
3.1.4 Co-Operative Movement
Introduction to co-operative movement
Co-operation is as old as human civilization. England is considered to be the birth
place of co-operative movement in world. It has been universally recognized that co-
operation is the most potent remedy for the economically backward countries. In a poor
country like India, co-operation played a very important role in the uplift of the masses.
The co-operative movement which steered with a humble beginning at present embraces
a variety of fields and has helped the less fortunate people in all walks of life by saving
them from the exploitation of the capitalist and the middleman including them ideas of
self-help and mutual help, it has created fellow feelings and has been instrumental in
paying the way for a peaceful and prosperous society.
Co-operative movement in India
Co-operative movement was introduced in India as a state policy. It was formally
inaugurated by the enactment of co-operative Credit Societies Act of 1904. Government
was the prime mover of the co-operative movement of India. To some extent, the idea of
co-operation was borrowed from western countries. In 1901, a committee under the
chairmanship of Sir. Edward Law was appointed by the Government of India to consider
the question of introducing co-operative societies in India. This committee recommended
15

the Raiffeisen type societies as the best suited to Indian conditions. As a result the first
co-operative Credit Societies Act of 1904 was passed.
A new Act was passed in 1912 which removed the defects of previous Act and
provided scope for all round development and progress of the movement.

Co-operative movement in Kerala
When Kerala state was newly organized in 1956, by merging the
Travancore-Cochin state and Malabar, which is the part of former Madras state, two
different co-operative laws were in operation, which is Travancore-cochin co-operative
Societies Act of 1951 in Travancore Cochin and Madras co-operative Act of 1932 in the
Malabar area. Hence from the very inception of the state, there was the necessity for a
uniform legislation covering the above two areas. Hence certain changes in the existing
laws were also inevitable to suit the present stage of development of the co-operative
movement.
There by Government took initiative to bring new legislation. But since however
it was prolonged and could not be materialized. Finally in 1956, the present Act called
Kerala Co-operative Societies Act was passed.

3.1.5 CO-OPERATIVE BANKS
A co-operative bank is an institution established on Co-operative basis dealing in
ordinary banking business. Co-operative bank is mutual society formed, composed and
governed by working people themselves for encouraging regular saving and granting
small loans on easy terms of interest and repayment.
A Co-operative organization is a voluntary association with unrestricted membership, and
collectively owned funds, organized on democratic principles of quality by person of
moderate means and incomes who joint together to supply their needs and wants through
16

mutual actions in which motive of production and distribution is service rather profits.
Co-operative banks means, people who came together jointly to serve their common
interest often from a co-operative society under the Co-operative societies Act. When a
co-operative society engages itself in banking business it is called a Co-operative bank.
The society has to obtain a license from the RBI before starting banking business. Any
co-operative bank as a society is to function under the overall supervision of the
Registrar, Co-operative societies of the State. As regards banking business, the society
must follow the guidelines set and issued by the RBI. There are three types of cooperative
societies in our country.
They are:-
1) Primary Credit Societies
These are formed at the village or town level with borrower and non-borrower members
residing in one locality. The operation of each society are restricted to a small area so that
the members know each other and are able to watch over the activities of all members to
prevent frauds.


17

2) Central Co-operative Banks
These banks operate at the district level having some of the primary credit societies
belonging to the same district as their members. These banks provide loans to their
members (i.e., primary credit societies) and function as a link between the primary credit
societies and state co-operative banks.
3) State Co-operative banks
These are the apex co-operative banks in all the states of the country. They mobilize
funds and help in its proper channelization among various sectors. The money reaches the
individual borrowers from the state co-operative banks through the central co-operative
banks and the primary credit societies.

18

3.2 COMPANY PROFILE
Calicut City Service Co-operative Bank Ltd. Number D.2777 as per
rule 15 1(A) 3(a) was registered as a co-operative society under section 21 of Act 1969
on the basis of limited liability. The Calicut City Service Co-operative Bank registered on
24-07-2002 and started at 28/09/2003. It is a service co-operative bank working under the
primary co-operative bank. At present Calicut City Service Co-operative Bank has on
area of operation of the entire Calicut Corporation.
Calicut City Service Co-operative Bank was started for providing
banking service related to deposits, loans, and group deposits and credit schemes. The
Bank provides modern facilities like core banking for making the banking activity easier.
Calicut City Service Co-operative Bank has got on ISO 9001-2008 certification, for its
best performance. Calicut City Service Co-operative Bank is Keralas second service
bank.
A lot of thrust is given by the bank in providing its customers with
maximum facilities. Already the bank provides a good number of interesting deposit
schemes and loan plans. Core banking is also being implemented to provide better
facilities for their customers. The process is in its completion stage.
Calicut City Service Co-operative Bank started on 2002 July 25
th
as a
registered bank. It is registered under the Act of Sec (21) of Kerala State Co-operative
Act and rules of 1969. But the banking activity as started on 2003 February 18
th
. It was
inaugurated by former minister of co-operative department Sri. M. V. Raghavan.
They have own building at Chalappuram to operate the head office. There are nineteen
branches for Calicut City Service Co-operative Bank. They are doing business in rented
building for the branches in Calicut.
Asper the audit report for the financial year 2004-2005, the bank is
functioning in profit from a class 2 bank in March 31
st
2005,the bank has started
functioning as a class 1 bank from May 1
st
2005, and a class 1 special bank from 1
st

September 2005. The bank has 19 branches in the city including the main branch
19

Table 3.1
BRANCHES OF CALICUT CITY SERVICE CO-OPERATIVE BANK

No Name Address
1 HEAD OFFICE CITY BANK BUILDING,
CITY BANK JUNCTION
CHALAPPURAM(POST)
CALICUT-673002
2 ZAMORINS SQUARE LINK ROAD,
CHALAPPURAM(POST)
CALICUT-673002
3 THIRUVANNUR THIRUVANNUR,
KOZHIKODE
673029
4 NGO QUARTERS NGO QUARTERS
KOZHIKODE
673012
5 FRANCIS ROAD IDIYANGARA
KOZHIKODE-673003
CALICUT-01
6 PAYYANAKKAL A R PLAZA BUILDING
CHAKUMKADAVU
KALLAI ROAD
CALICUT-03
7 CHEVARAMBALAM CHEVARAMBALAM
KOZHIKODE-673017
8 MAVOOR ROAD OPP. MOUFUSAL BUSSTAND
KOZHIKODE-673004
9 KARAPARAMBA KARAPARAMBA,
KOZHIKODE-673010
10 KUTTIYILTHAZHAM KUTTIYILTHAZHAM
KOZHIKODE-673014
11 MEDICAL COLLEGE BLUE MOUNT PLAZA
MEDICAL COLLEGE(POST)
CALICUT-673008
12 THOPPAYIL NADAKKAVU
PANIKKAR ROAD(POST)
CALICUT-673011
13 BEYPORE OPP. R M HOSPITAL
BEYPORE (POST)
CALICUT-673008
14 KALLAI ARADHANA BUILDING
KALLAI
CHALAPPURAM-2
15 THANNEERPANTHAL TRAIMBAKAM
THANNEERPANTHAL
20

JUNCTION
VENGERI(POST)
CALICUT-10
16 ASHOKAPURAM KRISHNA ARCADE
JEWAHAR COLONY ROAD
ASHOKAPURAM
CALICUT-1
17 KULANGARA PEEDIKA 25/1594-B NAMBEERANI
PARAMBU,
KULANGARA PEEDIKA(POST)
POKKUNNU
CALICUT-673013
18 RAHMAN BAZAR CHEKKUMMAS ARCADES
1
ST
FLOOR, SHARADA
MANDIRAM ROAD
RAHMAN BAZAR,
CHERUVANNUR
KOZHIKODE

Table 3.2
CALICUT CITY SERVICE CO-OPERATIVE BANK EMPLOYEES CO-OPERATIVE
SOCIETY

CALICUT CITY SERVICE CO-
OPERATIVE BANK
EMPLOYEES CO-OPERATIVE
SOCIETY


CALCUT CITY SERVICE CO-OPERATIVE
BANK
THOPPAYIL BRANCH BUILDING
C R ARCADE
PANICKER ROAD
NADAKKAVI (POST)
CALICUT-67301

Table 3.3
MOBILE BRANCH

1

CYBER PARK
THONDAYAD BYPASS

8 AM TO 10.30
AM

+91-495-2530011

2

CHELAVOOR

11.30 AM TO 2
PM


3

PUTHIYANIRATH

3 PM TO 4 PM

4

PUTHIYAPPA

4.30 PM TO 5.30
PM
21


Table 3.4
GOALD LOAN COUNTER
NO NAME ADDRESS PHONE

1

GOLD LOAN
COUNTER

PAYYANAKKAL
KOZHIKODE
673003

+91495-2323011

Table 3.5
NEETHI MEDICAL STORE
NO NAME ADDRESS PHONE

1

NEETHI MEDICAL
STORE

SPENDERPLAZA
BUILDING
MEDICAL
COLLEGE
POST
KOZHIKODE
673008

+91495-3204378
Table 3.6
DIALYSIS CENTRE
NO NAME ADDRESS PHONE

1

DIALYSIS CENTER

DIALYSIS CENTER
C/O CALICUT CITY
SRVICE
CO-OPERATIVE
BANK
DOCTORS POLY
CLINIC BUILDING
19/1194 a
CHALAPPURAM (PO)
CALICUT-02

+91495-230731

The actual working time of the bank is 8 am to 8 pm. The bank has a core banking
facility. The data are communicated in this process through cable lines. The server is
22

placed in the head office, the core data from several branches are accessible y the head
office.

The salary of the staff is equivalent to class 1 special grade mentioned in Appendix III of
KCS Act and Rules and which may be changed according to the Government orders. The
age limit to entry as staff begins from 18 years 40years for general candidate. Three years
relaxation is given to OBC and years for SC/ST candidates

3.2.1 MANAGEMENT AND ADMINISTRATION

General body is the supreme authority of co-operative society. All A
class share members are eligible for attending the general body meeting. The important
power of general body is the election of the managing committee members, amendments
of bye law, passing of budget, approval of audit and annual report, expulsion of members,
disposal of net profit etc. The management of the day to day affairs of the bank is
entrusted with the board of director consisting of nine members.
The overall management of the Calicut City Service Co-operative Bank
rests in the hands of Board of directors. And the day affairs of the bank are controlled by
the secretary. By the absence of secretary, the assistance secretary will do the work on
behalf of him. The board of directors consists of nine members. They shall be elected
from the individual members under the rule of Kerala State Co-operative Act and rules.
Out of the nine seats two shall be reserved for a scheduled caste/scheduled tribe
members. Out of these remaining seven seats two directors shall be person with suitable
banking experience.



23

At preset the members
PRESIDENT : SHRI. C. N VIJAYA KRISHNAN
VICE PRESIDENT : SHRI. ADVOCATE T.M VELAYUDHAN
GENERAL MANAGER : SHRI. SAJU JAMES
DIRECTOR : SHRI. N. SUBHASH BABU
DIRECTOR : SHRI. P. DAMODARAN
DIRECTOR : SHRI. N. C. ABOOBACKER
DIRECTOR : MRS. FIJINA SAJAN
DIRECTOR : SHRI. JAYAPRAKASH P. A
DIRECTOR : SHRI. AJAY KUMAR K
DIRECTOR : SHRI. VELAYUDHAN T.V
DIRECTOR : MRS. DIVYA SUDHEER
DIRECTOR : SHRI. A SIVADASAN
DIRECTOR : MRS. DR. AISHA GUHRAJ
DIRECTOR : MR. SUHAIL P.S
MEETING
The board of meeting will be held on every Tuesday and the staff
meeting on second Saturday. The meeting on the second Saturday is for giving training
for the staff in the matters of banking transaction and the board meeting is for discussing
and deciding on the following matters

Sanctioning of loan
Problem relating to staff disciplinary action
Employee appointment
Profit and loss
Audit report
Registrars circulars
24

Government orders
Future programs of the bank
Day to day working of the bank
The current affairs of the bank
The final account of the bank is approved by the Board of Directors
followed by the Auditors report and presented before the Annual General Body meeting
after the approval of the Board of Directors.
3.2.2 BOOKS TO BE MAINTAINED BY THE BANK
In the books of the bank account record is made according to slip system.
Following boos are mostly used in Calicut City Service Co-operative Bank accounting
Day Book
General Ledger
Receipt and Disbursement
Trial Balance
Cash Reserve
Cheque Book issued Register
Monthly Balancing Register
Share Register
Postage Register
Register of ( Current Account, Fixed Account, Saving Account, Recurring
Account)
Loan Account Ledger
Income and Expenditure Account
Loan Application Register
Current Account Overdraft Register
Balance Sheet

25

Chart 3.2
ORGANISATION STRUCTURE

ORGANOGRAM, RESPONSIBILITIES & AUTHORITI






















BOARD OF DIRECTORS
MANAGER BRANCH 2

ASSISTANT SECRETARY
SECRETARY/CEO (MR)
PRESIDENT
CHIEF ACCOUNTANT (AMR)
MANAGER BRANCH 1
GENERAL BODY














MANAGER BRANCH 3

MANAGER BRANCH 4

MANAGER BRANCH 5

INTERNAL AUDITOR
MANAGER BRANCH 8

MANAGER BRANCH 7

MANAGER BRANCH 6

OPERATING STAFF
26

Chart 3.3
OPERATING STAFF
























HEAD CLERK/
ACCOUNTANT
SENIOR CLERK
NIGHT WATCHMAN
PEON
DRIVER
APPRAISAR
JUNIOR CLERK
ATTENDER
27

Table 3.7
RESPONSIBILITIES AND AUTHORITIES AT EACH LEVEL
NO DESIGNATION PRIMARY
RESPONSIBILITY
OTHER
RESPONSIBILITY

1

General body
The apex authority in the
functioning of the Bank as
per Bye Law CLR& Act
&Rule


2

Board of Director
They have the
responsibility to make
policies and take decisions
an all the matters
concerning the functioning
of the bank as per the
Byelaw C127 & Act&
Rule
Responsibilities for the
formulation / authorization
of the quality policy of the
bank
.
3

President
He is the head of the board
and general body of
members as per Bye law
C128 & Act & Rule


4

Secretary
All the duties and
responsibilities conferred
under the Kerala state co-
operative Acts and rules,
byelaws, C129 and sub
rules of the banks. He is
the first person directly
responsible and answerable
to the board of directors of
the affairs of the bank rests
with him
He is the management
representative it is duty to
convene all kinds of
meeting to the general
body. He has overseen and
led the financial
development of the bank

5

Assistant Secretary
The day to day running of
the bank concerned with
the transaction with the
customers. He has acts in
secretarys behalf on
delegation and his absence
AMR
Additional duties delegated
by secretary

6

Chief Accountant
Prepare data for final audit
and checks & verifies audit
Additional duties delegated
by secretary

7

Internal Auditor
Conduct internal audit
before statutory audit and
assist and prepare various
lists for statutory audit
Additional duties delegated
by secretary

8

Branch Manager
Custodian of cash & stock
at branches. Monitoring
deposits, loans, NPA and
prepare final report. He /
She is responsible for data
Additional duties delegated
by secretary
28

backup & strong room
access control

9

Operating Staff
Operating all sections of
deposits, loan, to arrange
for the functioning of teller
counter. Assist Branch
Manager in preparation of
all financial statement.
Maintenance of daily RV
files, forms registers, files
& records.
Additional duties delegated
by secretary


3.2.3 SOURCES OF FUNDS

The following are the sources of funds
Shares
Entrance fees
Investments
Receive loans and financial helps to district co-operative bank, Government, Other
economic institutions etc.
Government subsidy, Grand and other donation

3.2.4 SHARE CAPITAL
Share capital of the bank is 50000, A class equity shares at Rs. 250
each, 10 lakh C class equity shares at Rs. 10 each and 1 lakh D class equity shares at Rs.
100 each when the share allotment admissible at the same time whole amount shall be
remit soon. B class share allotment shall be made to Government, Co-operative
institutions, corporation, and service societies. The refund of share capital is at the time
specified by the co-operative Registrar. C class share holders have no more right to
voting.
29

The members of D class shareholders are that any person residing at
Kozhikode district can gave membership after deposit the share amount. Other right is
that they can deposit and take loan including gold loan and witness. They have no more
right like voting etc.
3.2.5 MEMBERSHIP
There are four type of membership are given in the society. A class,
B class, C class and D class shares. A class membership is given only through
the board of directors of the society. The qualification of A class share holder is he is
living or working in the jurisdiction of the societies. B class share is given only the
Government institutions. C class membership is given for gold loan purpose; D class
share is given those person who are businessmen or self-employed person working or
living in Kozhikode Corporation.
Table 3.8
2010
A Class Members 254
C Class Members 20436
D Class Members 2567
Total 23257
2011
A Class Members 525
C Class Members 34169
D Class Members 8096
Total 42790
2012
A Class Members 526
C Class Members 38614
30

D Class Members 8723
Total 47863





3.2.6 MANAGEMENT
The management of the Calicut City Service Co-operative Bank is run
by the board of management. The board of management consisting 14 members of which
one shall be reserved to a member belonging to scheduled caste/ scheduled tribe and one
shall be reserve to a member belonging to women. The board of management shall power
to determine the scale of establishment necessary for the administration of the bank. They
shall have power from time to time to make regulation not inconsistent with the Byelaws
of the Bank of Act of 1969 and the rules framed there under for the conduct of the
business of the bank. The board of management shall appoint a full time paid General
Manager and a fulltime paid treasurer (cashier) who shall have no seat on the Board. The
board of management shall also have power to elect representative to other co-operative
institutions. The members of the board of management hold office for a period of five
years from the date of taking charges.



A Class Members 606
C Class Members 45086
D Class Members 11258
Total 56950
31

3.2.7 EMPLOYEES
During the year 2012-13 there are 94 permanent employees and 16
part-time employees in the bank. A person appointed in any post in the banks service
shall ordinarily be o probation for a period of one year. After the probation period he is
permanently appointed in the post, if his work and conduct have been found to be
satisfactory. Every employee of the bank shall be eligible for the casual leave of 20 days
a year. No employee shall be continued in the service of the bank if he has attained the
age 58 years. Every employee of the bank that has been confirmed in his post shall be
required to the employees provident fund of the bank. A gratuity scheme wills be
available to all employees irrespective of their credit in the provident fund.
3.2.8 INSPECTION
The bank shall have a power to inspect societies which hold shares in it.
Auditor checks the vouchers as one by one. Department instructors checks the
administrative level matters. Loan outstanding statement present conditions to provide
loan as the Byelaw base checks. Secretary inspects the branches and head office.
3.2.9 VISION
CALICUT CITY CO-OPERATIVE BANK COPLEX
The bank is established in the city a co-operative complex over 63 cents of land and at
a cost of Rs.12 Crore. The complex, apart from the housing the head quarters of the bank,
will feature a farmers centre comprising a marketing outlet for agricultural producers,
conference hall for meeting and training of farmers, go down and an exhibition centre to
showcase agricultural and allied products.
CALICUT CITY SERVICE CO-OPERATIVE BANK TO SET UP RS 500-CR
CANCER HOSPITAL
The Calicut City Service Co-operative Bank has finalized plans to set up a Rs 500-Crore
cancer hospital and research centre at Chathamangalam, near the National institute of
Technology-Calicut (NIT).
32

The bank has already registered a charitable society, Cancer and Allied Ailments
Research (CARE) foundation, for the purpose. It will provide at loan of Rs 20 crore
initially for the project and the remaining funds will be raised from the institutions and
individuals from both within the country and abroad.
The bank has already purchased 15.5 acres at a cost of Rs 5 crore for setting up the
hospital. The first phase of the project, featuring a 100-bed hospital, is stated to be
completed by 2015. The hospital will be equipped with world class equipment for early
detection of the disease. After completion in 2020, the hospital will have 300 to 500 beds
and a fully fledged research centre boasting all the latest facilities.
The bank authorities said that Mumbai based seagull consultancy had been entrusted with
the task of preparing a detailed project report, which was expected to be ready within a
fortnight. Also, architects have been shortlisted for constructing the hospital.
The hospital will cater to the common man in the region, especially in Kozhikode,
Wayanad and Malapuuram districts and at least 10 percent of the services will be
provided free-of-cost to the economically backward communities.
The bank, which began operations ten years ago in rented premise, is now functioning in
its own building complex. The total deposits of the bank have reached Rs. 403.88 crore as
on March 31, 2013.

3.2.10 MISSION
Calicut City Service Co-operative Bank are strive to remain Bank are strive to remain
Bank of first choice in whole Calicut.
Bank has targeted to give financial assistance to lower and middle class people by
protecting them from the exploitations from money.
Bank offering their clients excellent service, innovative products, and value added baking
while developing with them.
Bank is encouraging, motivating, and developing our most valuable assets and the
cornerstone of the bank.
33

Bank is attempting to achieve continual improvement by reviewing our products and
services and feedback from customers and employees.
Bank is working towards the successful implementation of Government objectives and
policies applied to us.
Bank is bound to relieve the society from increasing prices by way of Neethi stores and
commodity fairs.


3.2.11 LOANS

CITY GOLD
Gold loans for agricultural and non-agricultural purposes at very low interest rates. This
facility is available from 9.30 am to 5 pm daily.
AGRICULTURAL LOAN
Provides loan for agricultural purposes at very low interest rates.
PROPERTY LOAN
Loan can be taken for an amount up to 25,00,000/- by pledging the property.
HOUSE LOAN
Bank provides loan up to 5,00,000/- for constructing houses or for conducting repair
works.
PERSONAL LOAN
Personal loans are provided if we have any official as guarantor


BUSINESS LOAN
With two other officials as guarantor and by little paper works we can take a loan up to
1,00,000/-


34

3.2.12 DEPOSITS
SAVING BANK
One of the easiest saving options. Anybody can start an account with just Rs. 100/- and you
need not be bothered about too much paper works. The bank provides Cheque facility for
easy transaction.
FIXED DEPOSITS
CITYMAX DEPOSIT SCHEMES
An innovative deposit scheme where you can deposit for 100,200 and 300 days. They give
attractive interest for such deposit.
CITY CHARITY DEPOSIT SCHEME
It is started to give a hand to a helpless. A deposit scheme in which the interest of the deposit
will be used by the bank for charity works. We can start a deposit scheme with a
minimum amount of Rs. 1000. We can take the amount deposited by us at any time
without interest.
CITY KIDS
CITY PLUS INVETMENT PLAN
CURRENT ACCOUNT
NITHYA NIDHI DEPOSIT
RECURRING DEPOSIT

OTHER SERVICES
Care Foundation
Neethi Madical Store
Dialysis Centre
Social Commitment


35

3.2.13 OBJECTIVES OF CALICUT CITY SERVICE CO-
OPERATIVE BANK
1) To encourage the habit of frugality and co-operative mentality on members and achieve
their project function as maximum.
2) To receive investment from members, public institutions and taken an invention
procedure give back this amount to those persons institutions.
3) It gives loans to agricultural industrialists, labors, education, marriage, commercial
purposes etc.
4) It provides gold loans to its members.
5) It frames programs for households articles and essential goods.
6) It increases the standard of living on family members and their economic condition by
adopting various developmental programs.
7) It device appropriate programs for cottage industry and small scale industry development.
8) It will give a facility to save deposit lockes.
9) The acquisition of land, go down, construction of any building on works necessary as
convenient for the purpose of banks.
10) To obey the co-operation laws and open with the permission of the Registrar branches at
suitable places in the area of corporation in Calicut.
11) To conduct all the operations of a co-operative bank register under the o-operative act of
law.
12) Acting as agent for providing banking facilities to institutions on behalf of customers.
13) To provide necessary changes in bye law and conduct other operations.
14) To obtain above matters receive loans from Government, State Co-operative Banks,
district co-operative banks and other financial institutions etc.