Profile

The Perinthalmanna Urban Cooperative Bank was established in 1916 as ‘Aikya Nanaya Samgham’. In 1940, it was upgraded as Urban Bank. In 1966, it came under banking Regulation Act and obtained Reserve Bank License in 1994.

In 1991, apart from Perinthalmanna Taluk, the area of operation was extended to Malappuram Municipality. Under specific conditions, loans are sanctioned all over Malappuram Dist.

Bank has completed 103 years of its glorious existence and is celebrating its centenary expanded its network by opening 4 new branches.Now the bank has 24 branches. Head Office of Urban Bank is at Perinthalmanna. Bank has a well dedicated team of 149 staffs.

Bank has about ₹1170 Crores of deposit, 874 Crores of advances and 2044 Crores of total business. Bank is honored by the award for deposit mobilization from State Government. The bank extends its services to the social welfare projects by providing help to the families orphaned by victims of accident

The Perinthalmanna Urban Bank is having profit growth of 15% for the year 2018 over previous year.

The bank has became the first co-operative bank having IFS Code(Indian Financial System Code) allotted by NPCI under the sub membership of IDBI, which enabled our customers to transfer money(both inward and outward) among 860 bank accounts.We are providing RUPAY –ATM cards which can be used in any ATM counters all over India .To cater more to our customers,we are launching e-Passbook Facility also.

To speed up the process of collection of cheques, resulting in better customer services, bank has introduced CTS clearing. Bank has also initiated SMS banking (transaction message Alert). NEFT and RTGS facilities using own IFS Code started.