The central co-operative banks are located at the district headquarters or some prominent town of the district. These banks have a few private individuals also who provide both finance and management. The central co-operative banks have three sources of funds,
- Their own share capital and reserves
- Deposits from the public and
- Loans from the state co-operative banks
The main functions of the banks are
- To meet the credit requirements of member-societies
- To perform banking business
- To act as balancing centre for the PACS by diverting the surplus funds of some societies to those which face shortage of funds
- To undertake non-credit activities
- To maintain close and continuous contact with PACS and provide leadership and guidance to them
- To supervise and inspect the PACS and
- To provide a safe place for the investment of the resources of PACs
There are 23 District Central Cooperative Banks in the State with 717 branches mostly in rural areas to serve the Primary Agricultural Cooperative Banks and the rural public. In addition, they meet the credit needs of dairy, handlooms, sugar and such other affiliated cooperatives. They also lend directly to the public for non-agricultural purposes within the area of operation of their branches.
Adderss of District Central Cooperative Banks
Source http://www.nafscob.org/dir(dccb)/dir(dccb)-2008.pdf
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