In the Annals of North Malabar Co Operative banking Sector, The PUNNOL SERVICE CO-OPERATIVE BANK holds a unique position as one among the best banking institution in the cooperative sector having imparted 86 years of glorious service to all sundry and marching forwards in all its integrity.
In the Annals of North Malabar Co Operative banking Sector. The PUNNOL SERVICE CO OPERATIVE BANK holds unique position as one among the best banking institution in co operative sector having imparted 86 years of glorious service to all sundry and marching forwards in all its integrity.
The bank which started as a small society in 1933 dedicating its service totally to freedom movements as a fabulous history of its own. Duringthat period povery and famine being at its zenith. The Bank started functioning as an outlet for collecting and distributing food materials for the poor and needy and it gained immediaterecognition.
From a small society it become a service co operative bank in 1976 and its status grows it was renamed as the present Punnol Service co operative Bank Ltd. No F 972
As in the case of many famous institutions in the beginning as a com operative banking institution it had to with stand many financial crisis, But the timely guidance and the direction o0f its honorable directors, members and department. It withered the storm admirably all the success.
Punnol Service Co Operative Bank on 1980. The committee under the famous social worker Sri. M Purushothaman was elected. The new public started calling it “ AN EVERYONES’S BANK”.
It’s astonishing even for us to believe that from one branch in 1980we have 5 branches functioning in all it’s glory at the present involment with the capital of almost nothing according to th banking standards.
It is not an exaggeration of us to say that never ones for the past 10 years we had not to be worried of our early profit meanly due to the co operation of our customers.
When (What the) Public sectors banks, New Generation banks are try their level best to reach its customers of poor stratum of the society experiencing all success and we are reaching those in the remote corners of poor stratum of the society experiencing all success and we are marching forword with more vigor and virility. Not to be left behind by none or anybody in our march forward we are introduced core banking (Centralized Banking System) we are more happy for sending yearly dividends of the share to our members.
Our winning streak is due to our powerful general body meetings with almost all its members participating lively and the confidence and belief of our customers.