With a total business of Rs. 21.70 billion, the Cooperative Banks have witnessed a sea change in their performance to improve the lot of the financial health.
Cooperative Banks have earned the distinction of taking a lead over all other nationalized banks in distribution of Kissan Credit Cards (KCCs). As on March 31, 2008, 45687 KCCs worth Rs. 65.89 crore have been issued.
The Baramulla Central Cooperative Bank has issued KCCs worth Rs. 25.30 crore while Jammu Central Cooperative Bank has issued KCCs amounting to Rs. 20.33 crore. The Baramulla Central Cooperative Bank has 66 per cent Credit Deposit Ratio in the state which is highest in the state.
The State Cooperative Bank (SCB) has deposits of Rs. 36444.42 lakhs, the Jammu Central Cooperative Bank (JCCB) of Rs. 69377.35 lakhs, the Baramulla Central Cooperative Bank (BCCB) of Rs. 17847.79 lakhs and Anantnag Central Cooperative Bank (ACCB) has deposits of Rs. 11294.65 lakhs. The total business of the SCB, JCCB, BCCB and ACCB is Rs. 45217.00, Rs. 93765.00, Rs. 31761.77 and Rs. 22315.00 lakhs respectively. The Devika Urban Bank has a total business of Rs. 1455.00 lakhs, the Anantnag Urban Bank of Rs. 1978.76 lakhs, the Citizen Cooperative Bank of Rs. 28692.00 lakhs and KAMCO Bank Sopore has total business of Rs. 2277.85 lakhs.
With a total number of 207 branches, Cooperative Banks in the state give employment to 1617 persons.
The Cooperative Banks have attempted to remain apace with other nationalized banks in the matters of computerization and ATM facilities.