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SCFS Co-operative Bank Overview

The document discusses the history and operations of S.C.F.S Co-operative Bank Ltd. It began in 1976 as Sericulture's cum farmer's service co-operative bank in Hoskote, Karnataka to help farmers with credit. The bank offers loans for agriculture (KCC, dairy, tractor), gold, personal use, and self-help groups. Interest rates are 13% for most customers. Currently, the bank has a turnover of 278 Cr, loans of 39 Cr, deposits of 48 Cr, and paid a 20% dividend with a profit after tax of 1.18 Cr.

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Lïkïth Räj
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32 views7 pages

SCFS Co-operative Bank Overview

The document discusses the history and operations of S.C.F.S Co-operative Bank Ltd. It began in 1976 as Sericulture's cum farmer's service co-operative bank in Hoskote, Karnataka to help farmers with credit. The bank offers loans for agriculture (KCC, dairy, tractor), gold, personal use, and self-help groups. Interest rates are 13% for most customers. Currently, the bank has a turnover of 278 Cr, loans of 39 Cr, deposits of 48 Cr, and paid a 20% dividend with a profit after tax of 1.18 Cr.

Uploaded by

Lïkïth Räj
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd

S.C.F.

S CO-OPERATIVE BANK LTD

Co-operative movement in India


•The co-operative movement in India has its origin in
agriculture and allied sectors. The first Co-operative bank
Act was enacted in 1904.

•Under the Government of India Act 1935 Co-operative


were treated as a provincial subject. The ‘Co-operative
Societies' is state subject under entry No 32 of the state
List of the Constitution of India.
Co-operative movement in Karnataka
• first Co-operative act on 18th Oct 1904 in Shared was
the first urban bank formed in Bombay Karnataka area.

• The Bangalore city co-operative credit was registered


on 18th Dec 1906. In Karnataka there were 302 primary
co-operative urban banks and are the salary earners.
Different types of co-operative banks
 Primary Agriculture Credit Societies
 Central Cooperative Bank
 State Cooperative Bank
BACKGROUND OF THE SCFS CO-OPERATIVE BANK

 S.C.F.S Co-operative bank limited is a premium private sector Indian


bank with a heritage of 40 years and 3 million satisfied customers.

 Started in the date 13/09/1976 as the name "Sericulture's cum


farmer's service co-operative bank” in Hoskote town.

 This Co-operative was introduced in Indian in the early years of the


present century as a means of helping the poor agriculture to face
their economic conditions. It started as a movement for providing
credit to agriculturists.
PRODUCTS / SERVICES PROFILE
• KCC (kissan credit card) loan:-
Kissan credit card was introduced in the year 1997
aim at providing timely credit supports from the
banking system to the farmers.
• Gold loan
Market value of the gold on 70% of loan authorized
apparel recommended amount.
• Personal loan
On the basis of salary on percentage 5%, 10%.
• Medium term loan
 Dairy loan (purchase of cross bid cow)
 Insurance coverage
• Tractor loan
 Minimum 5 acres land should be there
 Hypothecation to the bank in RC book
 Insurance coverage
• Pledge loan
 KVP (Kisan Vikas Patra)-80%
• SHG (self help group)
 Members limit from 10-20 maximum
 Loan in the basis of capital of SHG
 Limit 30000-600000
SCFS Bank Interest rate
• 13% for salaries customers
• 13% for existing SCFC Bank customers
• 13% for self employed non-professionals

CURRENT STATUS
• Turnover 278 Cr at present
• Loan and Advances 39 Cr
• Deposits 48 Cr
• Interest free Agriculture loans 3.5 Cr
• Dividend paid 20%
• Profit After Tax 1.18 Cr

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