South Canara District Central Co-operative Bank Information and Performance

The South Canara District Central Co-operative Bank is a significant financial institution in the region. It was established in 1913 in Mangalore, Karnataka.

The bank has a long history of serving the local community, with a presence in over 100 branches across the district. It offers a range of financial services, including loans, deposits, and remittances.

The bank's performance has been notable, with a strong focus on rural development and financial inclusion. It has implemented various schemes to promote entrepreneurship and employment opportunities in the region.

The bank's commitment to customer service is evident in its efforts to provide easy access to financial services, with a focus on convenience and affordability.

The South Canara District Central Co-operative Bank has a long history, with over a century of service to the community. The bank has a strong presence in the Dakshina Kannada and Udupi districts, with 113 branches across the region.

The bank's financial performance has been impressive, with a record-breaking net profit of ₹79.09 crore in 2023-24, marking a 29.04% increase from the previous year. This is the highest ever recorded net profit in the bank's history.

To facilitate money transfers, the bank's IFSC code is essential. You can find the IFSC code on the chequebook or the front page of your bank passbook. It's also required for RTGS, NEFT, and IMPS transactions.

To initiate a transfer, you'll need the receiver's details, including their bank's account number, name, and IFSC code of the respective bank branch. The required information includes:

You can find the IFSC code of your bank on the chequebook or the front page of your bank passbook. This is the most straightforward way to locate it.

The IFSC code is crucial for any mode of money transfers, including RTGS, NEFT, and IMPS. Without it, you won't be able to conduct any money transfer.

To initiate a transfer, you'll need the details of the receiver, such as the name of the account holder, bank, branch, and IFSC code of the respective bank branch.

Here are the details you'll need for transferring funds using any mode of payment:

To open an account with South Canara District Central Cooperative Bank, you'll need to meet certain eligibility criteria. You must be a citizen of India and at least 18 years old.

In some cases, a parent or legal guardian can open an account on behalf of a minor. This is a convenient option for families.

To apply for an account, you'll need to provide valid proof of identity and address. This can be done with documents such as an Aadhaar Card, Passport, Driving license, or Voter's ID card.

A PAN card is also required, and if you don't have one, you may need to provide a Form 16.

You'll also need to provide recent passport size photographs. This is a standard requirement for most bank account applications.

Here's a list of the required documents:

Once you've gathered all the necessary documents, you can proceed with the application process.

The South Canara District Central Co-operative Bank has consistently demonstrated impressive performance over the years. It achieved a record-breaking net profit of ₹79.09 crore in 2023-24, marking a significant 29.04% increase from the previous year.

The bank's gross business reached ₹15,540.8 crore in 2023-24, reflecting a noteworthy 14.88% surge compared to the previous fiscal year. This growth is a testament to the bank's ability to adapt and thrive in a competitive market.

The bank's working capital surged to ₹11,379.23 crore in 2023-24, demonstrating a substantial 14.59% growth over the previous fiscal year. This increase in working capital has enabled the bank to expand its services and reach more customers.

The bank has maintained a remarkable 100% loan recovery rate for 29 consecutive years, a feat that is truly impressive. This achievement is a result of the bank's commitment to responsible lending practices and its ability to work with customers to find solutions.

The bank's deposits totaled ₹7,221.37 crore in 2023-24, marking a commendable 13.33% growth. This increase in deposits is a reflection of the bank's strong relationships with its customers and its ability to provide reliable and trustworthy services.

The bank has a membership of 1,072 cooperative societies with a share capital of ₹403.59 crore. This strong foundation has enabled the bank to expand its services and reach more customers.

In 2018, the bank registered a profit of ₹28.63 crore, the highest ever in its history. This achievement was made possible by the bank's robust loan repayment schedule and its ability to collect deposits.

The bank has lent ₹1,199.48 crore loan to the agriculture sector in 2017-18, with a 100% recovery of farm loan for 23 consecutive years. This commitment to supporting the agricultural sector has helped the bank build strong relationships with its customers.

The bank has proposed to introduce Tab banking, wherein a bank account can be opened by sitting at home or office using the bank’s Tablet. This innovative service will make banking more convenient and accessible for customers.