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SRI LAKSHMINARAYANA COOPERATIVE URBAN BANK LIMITED.NO.1484

CONSTITUTION:

CONSTITUTION: The Bank was administrated by Board of Directors and one Government nominated,Deputy Registrar / Managing Director from 08.05.2013 onwards


AN OVERVIEW :In Tamil Nadu, the Co-operative movement has spread its wing in almost all the walks of life. The word "Co-operation" is derived from the Latin word 'Co-operale', which means 'work together', In the ordinary sense, Co-operation means 'working together jointly'. The term co-operative implies a comman endeavor with a common end. Those who join togather should have some economic aim. which they cannot normally achive by individual isolated action. Union is 'strenght' and achive the common end through self-help and mutaul help. They are guided by the principle "each for all and all for each"

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SRI LAKSHMINARAYANA COOPERATIVE URBAN BANK LIMITED.NO.1484

AREA OF OPERATION:

AREA OF OPERATION: The area of operation of the bank comprises entire Tiruvarur District and Revenue village 28-Athipuliyur, 29-Kurukathi, 33-Koothur, 26-Anthakudi ,27-Sigar, 37- Kankalachery and 21-Pangal Villages of Nagapattinam District. Besides loans issued to members, those who have immovable property in the sub-registration limit of Nagore and Nagapattinam.


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Our Services

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OBJECTIVE OF BANK

The main objects of the bank are as follows;

  • a.To borrow funds from members and non-members
  • b.To advance loans to its members for useful purposes
  • c.To accept deposits from members and non-members and
  • d. To encourage thrift, self help and cooperation among the members

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    LOAN DETAILS

  • a.HOUSING LOAN
  • b.LOAN ON GOLD ORNAMENTS
  • c.IMMOVEABLE PROPERTY LOANS
  • d.COMMERICAL VEHICLE LAONS
  • d.OTHER COSUMER LOANS
  • All loans are isseued as per goverment norms


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    Investment

    The bank is receiving deposits from its members and non members such as

  • a) Fixed Deposits
  • b) Current Deposits
  • c) Daily Deposits
  • d) Savings Deposits
  • e) Recurring Deposits
  • f) Call Deposits

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    MISSION OF COOPERATIVE BANK

    We will consistently exceed customer expectation by providing value-adding solutions through professional and highly motivated people, delivering excellent financial performance in all markets where we operate. Main focus is to cover the areas which are not covered by adequate banking facilities.
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