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| Company type | Cooperative bank |
|---|---|
| Industry | Banking Financial services |
| Founded | 1915; 110 years ago (1915) Travancore |
| Headquarters | , |
| Parent | Government of Kerala |
| Website | keralabank |
Kerala State Co-operative Bank Limited, branded asKerala Bank, is an Indianco-operative bank set up by theGovernment of Kerala, India.[1]
Among the 14 District Co-operative Banks functioning in Kerala at the time of the formation of Kerala State Co-operative Bank, only theMalappuram District Co-operative Bank Ltd had opposed merger with the Kerala State Co-operative Bank. Also, theHigh Court of Kerala has issued a stay order on the Kerala State Government's move to merge the Malappuram District Co-operative Bank with the Kerala State Co-operative Bank.[2] In addition to the 14 district co-operative banks, Kerala has a network of 1,692 Primary Agricultural Credit Societies (PACS's) and 16 licensed Urban Co-operative Banks all of which have become members/shareholders of the current bank.
The headquarters of the Kerala Bank is inThiruvananthapuram and the corporate office is based inKochi. The Bank has seven regional offices created by merging two District Co-operative Banks to handle businesses of two districts each.[3] The regional offices are inThiruvananthapuram (along withKollam),Alappuzha (along withPathanamthitta),Kottayam (along withIdukki),Thrissur (along withErnakulam),Palakkad (along withMalappuram),Kozhikode (along withWayanad) andKannur (along withKasaragod).[4]
In September 2022, a college student from Sooranad committed suicide after the Kerala Bank pasted attachment notice indicating defaulting on loan repayment in front of her house.[5]
