Kerala Bank

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 cooperative 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 to ensure 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 cooperative societies, other cooperative 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 will have a Kerala Bank account in the immediate future. Efforts are also on to make all the government, the quasi-government, and the autonomous institu