Kathirur Service Cooperative Bank has been honored with three prestigious awards at the National Awards for Co-operative Banks 2023-24, hosted by Frontiers of Co-op Banking, which recognizes top-performing cooperative banks across India.
The bank received the following awards:
- Best Cooperative Bank Award
- Best Credit initiative Award
- Best Human Resource Management innovation Award
The awards were received by Bank President Sreejith Choyan, Secretary P. Suresh Babu, Director K. Suresh, Assistant Secretary M. Rajesh Babu, and Branch Manager K. Baiju. Kathirur Service Cooperative Bank, which operates under the Class-I Super Grade category with 12 branches, has been running profitably since 1996.
The bank’s commitment to credit growth, reduction of loan arrears, and employee skill development has been pivotal to securing these awards. Effective borrower identification, enhanced loan disbursements, and excellent customer service also contributed to the bank’s success.
In addition to its financial achievements, the bank actively supports initiatives in agriculture, health, and sports. It previously received the Kerala Government’s Best Performance Award (2022-23) and has consistently been recognized at both the state and national levels for its cooperative excellence.
Under Kerala Government’s directives, the bank manages Football-Cricket Turf, a Football Academy, and a Cycle Club. Additionally, the Daya Swaanthana Cooperative Center, operated by the bank, stands out for providing essential medical equipment like oxy concentrators to bedridden patients, setting a model for cooperative initiatives.
This Onam season, the bank demonstrated its social responsibility by distributing Ona Kits and Ona Sadya to the visually impaired in Malabar and dialysis patients at the bank’s premises.
The bank attributes its success to the dedication of its management and staff, as well as the unwavering trust and support from its customers and members. Kathirur Service Cooperative Bank looks forward to continuing its exemplary service and making meaningful contributions to the community.