Bank Detail

People's Co-operative Bank Ltd
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Bank Detail

History of People's Co-operative Bank Ltd
According to the instruction given by the Reserve Bank of India for the financial year 2010-11 for provision of 100% from the investment to the Bank, the Madhupura Marchantile Co. operative Bank ltd created the provision from the revaluation reserve of land & building of Rs 3,17,04,942 for the financial year 2010-11.

And the statutory audit has become complited but the investigation of Reserve Bank of India did not accept the provision and so the reverse entry of revaluation reserv was held. The Bank has invested own current year's profit of Rs 1,24,04,902. The Bank has transfered Rs 1,00,000 from the surplus of doubtfull fund, Rs 13,00,000 from additional overdue interest reserve and Rs 80,00,000 from depriciation to reserve for the doubtfull investments.

The Bank has created 100% provision and reserve against the investment of Madhupura Marchantile Co operative Bank Ltd.

  •   Public oriented organization.
  •   Structure of Co. operative.
  •   The management giving services without any personal parpose.
  •   Provide all the banking services.
  •   Having an object of social services throught finance.