About Us


Founder/Former Chairman- Sri Madan Lal Sah (26.05.1928 - 11.12.2008)

Founder, former chairman and the guiding light of The Kurmanchal Nagar Sahkari Bank Ltd.A consummate banker,he was revered for his great intellect and colossal capacity to work, and to take decisions with incredible rapidity. A living embodiment of godliness, he brought hope into many lives by not only establishing The Kurmanchal nagar Sahkari Bank Ltd. but also Mohan Lal Sah Bal Vidhya Mandir, and championing several social welfare schemes. He was regarded as the most highly venerated ambassador of our ancient heritage to the modern world. His loss is deeply felt by the entire Kurmanchal Bank family. While he championed the progress of the bank during its initial quarter century his example and spirit continues to inspire the further progress of the bank.


The affairs of the bank are managed by an elected board of directors. There are total 13 directors on the bank’s board including three professional directors, one being a retired DGM of State Bank of India and two Chartered Accountant with adequate bank audit experience. The board has constituted seven sub committees viz Loan Committee, Investment Committee, Audit Committee, Executive Committee, Staff Committee, ALM Committee and Premises Committee. The board has formulated loan policy and investment policy in conformity with RBI instructions. Expenditure policy and recruitment policy have also been formulated by the board.

The bank's 41 branches are supervised and controlled directly by the Head Office. Of the 41 branches, all have already been in CBS. In addition to the statutory audit and inspection by RBI the bank has its own inspection system. All the branches are inspected once in a year. Inspection reports and compliance thereof are put up to the audit committee. The bank has also prescribed adequate number of control returns for watching the performance of the branches. Position of over dues/growth in deposits and advances are reviewed by the board in every meeting resulting in minimum NPAs.


Organisational Structure

The bank follows need based recruitment policy and appointments are made in proportion to the volume of business. Recruitment is done through open competition to get quality staff. All officers and clerical staff are either graduate or postgraduate in various disciplines. With the changing demand of the banking industry, the bank has started appointing personnel excelled in MBA, MCA and BCA.

All the officers and clerical staff had been provided training either at CAB Pune/RBSC Chennai and in-house training with faculty assistance from Indira Gandhi Institute of Cooperative Management, Lucknow and Institute of Cooperative Management, Dehradun. The bank has also provided training to its staff by participation in training sessions conducted by NAFCUB.

Systems and Control

The bank prepares annual business plan and budget for the ensuing year and communicates the same to the all concerned well in advance. The branch functionaries are delegated adequate administrative and financial powers to achieve the targets fixed. Business plan prepared are pragmatic, achievable and consistent but at the same time they have an element of challenge, as it is essential for motivation and growth with consistency.

The bank has prescribed adequate number of control returns and introduced the system of concurrent audit, internal inspection and branch visits by HO officials to keep control over the branches. Achievements under the various head vis a vis the targets fixed are reviewed by the board/top management periodically. Control returns are received regularly and subjected to proper scrutiny. To ensure good housekeeping balancing of books is done regularly by persons other than the ones maintaining the same. Inter branch reconciliation is centralized at Head Office and is maintained uptodate. The bank adheres to prudential norms relating to income recognition, asset classification and provisioning. All the branches of the bank are inspected once in a year.