About the Bank
A densely populated and lush green neighborhood Karamana serves as key transit corridor for people heading towards Kanyakumari. Karamana now grown into a thriving modern suburb that cherishes its architectural heritage,spiritual landmarks and musical legacy all centered on the flowing life line of the Karamana river.
Karamana Co-Operative Urban Bank located on Nedumcaud Road Karamana,founded in 1928 as Parasppara Sahaya Sahakarana Sankham to meet local financial needs. Now functions as non-scheduled Urban Co-operative bank, serving both individuals and small business.
Regulated by Reserve Bank Of India,handles banking functions while state registrar oversee Co-operative Governance. Since the Banking Regulation (Amendment) Act,2020,the Reserve Bank Of India has full regulatory powers over Urban Co-operative banks just like it has over commercial banks. The bank historically aimed at middle and lower income communities,Smalltraders,Salaried individuals, MSME’S etc. offering various Deposit / Loan products.
OUR VISION
“To be the most trusted and customer-friendly Urban Co-operative bank, fostering inclusive economic growth by providing accessible, innovative, and sustainable financial services to all sections of society.”
OUR MISSION
- To provide affordable banking services to the underserved segments of society.
- To deliver efficient, transparent, and technology-driven banking solutions to our customers.
- To operate with integrity, mutual trust, and accountability while upholding the co- operative principles.
- Supporting small businesses, self-employed individuals, and marginalized sections through tailored financial products and services.
- Ensuring financial discipline and long-term sustainability