are our Bank’s authorized recovery agent under SARFAESI Act


It has been our constant endeavour to provide highest levels of service to our esteemed customers.

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It gives me immense pleasure to welcome you to our new website, which is to a significant extent, the fruit of the endeavours of our remarkable in-house IT team.

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The Kurmanchal Nagar Sahkari Bank Ltd., situated in Nainital in Uttarakhand State started banking operations with effect from 1st January 1983, after receiving RBI license No DBOD (UBD)/UP 318-P dated 06th October 1982 Over the years the bank has acquired the status of a leading Urban Cooperative Bank not only in the State of Uttarakhand but in the whole of Northern India as well. This has become possible due to customer friendly approach, product innovation, delivery system and technology up gradation of its retail-banking network spread over 35 centres. This has been the core strength of the bank. The financials of the bank are strong and the bank has registered remarkable growth with the financial sector reforms introduced in the country in the nineties.


A ringside view of Bank’s retail operations are as under: (Rs. in Lacs)

31.03.2014 31.03.2015 31.03.2016
Paid up share capital 2517.49 2737.83 3047.29
Reserve and other reserves 9608.61 10530.96 10875.15
Net worth 12188.35 14618.92 15273.94
Deposits 111949.33 124052.85 138356.66
Investments (including term deposits with other banks) 51142.24 65504.35 68601.54
Loans & Advances 77638.25 66755.54 80238.22
Net Profit 2062.40 1349.92 1351.29
Gross NPA 1776.76 3116.55 3050.95
Net NPA Nil Nil Nil

Bank’s ATM services have commenced with the assistance of  NFS (National Financial Switch) connecting to 1,50,515 ATMs across the nation.