KAVANUR SCB

Kavanur Service Co-operative Bank started functioning in Kavanur area on 24.05.1924. Bank started its operations in a rented building in Kavanur Market. In 1985 bank purchased its own land to construct building for the bank. At that time Kavanur Service Co-operative Bank was under the leadership of Sri.A.V. Alavi Sahib... During 2001-2002, under the leadership of Sri. Vakkaloor Abdurahiman Sahib, bank constructed its own multi storied building. This building was inaugurated by Sri. P.K. Kunhalikutti Sahib. By the hard work of Directors, Staff and Members, Kavanur Service Co-operative Bank became a leading bank of this area in a short span of time. With the enormous support, we got from our team, bank is running profitably for the past 10 years and reached the level of a Class-I Bank. At present bank is having 19000 members, 18 Crores of Investment and 20 Crores as Loan Outstanding. For the past five years, Kavanur Service Co-operative bank is giving dividend to its A Class members.