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The Kerala State Co-operative Bank Ltd is the first Scheduled Apex Co-operative Bank in the Co-operative Banking Sector in the country. In 1972, it was issued a license to carry on the business of Banking under Section 22 of the Banking Regulation Act, 1966. This Bank is a financing bank as defined in the Kerala Co-operative Societies Act, 1969 ...
There are 33 state co-operative banks in India. The Andaman and Nicobar State Co-operative Bank Ltd. The Andhra Pradesh State Co-operative Bank Ltd. The Arunachal Pradesh State co-operative Apex Bank Ltd. The Assam Co-operative Apex Bank Ltd. The Bihar State Co-operative Bank Ltd.
A review of the RRBs in August 2009 by the Union Finance Minister revealed that a large number of RRBs had a low Capital to Risk weighted Assets Ratio (CRAR). A committee was constituted in September 2009 under the chairmanship of K C Chakrabarty, [4] the deputy governor of the Reserve Bank of India (RBI) to analyse the financials of the RRBs and suggest measures, including re-capitalisation ...
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Kerala is the second-least impoverished state in India according to the Annual Report of Reserve Bank of India published in 2013, only behind Goa. [10] [11] Kerala, which accounts for 2.8% of India's population and 1.2% of its land area, contributes more than 4% to the GDP of India. Thus, the southern state's per capita income is 60% higher ...
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