S.C.F.

S CO-OPERATIVE BANK LTD

Co-operative movement in India

•The co-operative movement in India has its origin in
agriculture and allied sectors. The first Co-operative bank
Act was enacted in 1904.

•Under the Government of India Act 1935 Co-operative

were treated as a provincial subject. The ‘Co-operative
Societies' is state subject under entry No 32 of the state
List of the Constitution of India.
Co-operative movement in Karnataka
• first Co-operative act on 18th Oct 1904 in Shared was
the first urban bank formed in Bombay Karnataka area.

• The Bangalore city co-operative credit was registered

on 18th Dec 1906. In Karnataka there were 302 primary
co-operative urban banks and are the salary earners.
Different types of co-operative banks
 Primary Agriculture Credit Societies
 Central Cooperative Bank
 State Cooperative Bank
BACKGROUND OF THE SCFS CO-OPERATIVE BANK

 S.C.F.S Co-operative bank limited is a premium private sector Indian

bank with a heritage of 40 years and 3 million satisfied customers.

 Started in the date 13/09/1976 as the name "Sericulture's cum

farmer's service co-operative bank” in Hoskote town.

 This Co-operative was introduced in Indian in the early years of the

present century as a means of helping the poor agriculture to face
their economic conditions. It started as a movement for providing
credit to agriculturists.
PRODUCTS / SERVICES PROFILE
• KCC (kissan credit card) loan:-
Kissan credit card was introduced in the year 1997
aim at providing timely credit supports from the
banking system to the farmers.
• Gold loan
Market value of the gold on 70% of loan authorized
apparel recommended amount.
• Personal loan
On the basis of salary on percentage 5%, 10%.
• Medium term loan
 Dairy loan (purchase of cross bid cow)
 Insurance coverage
• Tractor loan
 Minimum 5 acres land should be there
 Hypothecation to the bank in RC book
 Insurance coverage
• Pledge loan
 KVP (Kisan Vikas Patra)-80%
• SHG (self help group)
 Members limit from 10-20 maximum
 Loan in the basis of capital of SHG
 Limit 30000-600000
SCFS Bank Interest rate
• 13% for salaries customers
• 13% for existing SCFC Bank customers
• 13% for self employed non-professionals

CURRENT STATUS
• Turnover 278 Cr at present
• Loan and Advances 39 Cr
• Deposits 48 Cr
• Interest free Agriculture loans 3.5 Cr
• Dividend paid 20%
• Profit After Tax 1.18 Cr