The Chandigarh State Coop. Bank Ltd., Chandigarh was registered on 2.11.1966 under the Punjab Coop. Societies Act, 1961. The area of operation of the Bank with 14 branches is Union Territory of Chandigarh comprising of 370 Coop. Societies, and 3789 Individuals shareholders of the bank. The Chandigarh Administration is also a shareholder of the Bank. The share capital of the U.T. Administration in the bank is Rs. 64.39 Lacs as on 31.03.2013.
The main emphasis of the bank is to improve the living conditions of service providers functioning as individuals in the city by organizing them into urban cooperative groups. Their empowerment through these cooperative self-help groups will help them to achieve economic independence and self-respect.
As per bye-laws of the Bank, the Management of the bank is vested in a Board of Directors/Administrator consisting representations of 9 Directors from Cooperative Societies, 3 Directors from individual Shareholder and 3 Govt. Nominees. Presently the banking affairs of the bank are being run by the Administrator of the Bank.Sh. Arjun Sharma(IAS) is the Administrator of the Bank.
At present the sanctioned staff strength is 120 employees. 69 employees are working on regular basis and 23 employees are on contractual basis.
© The Chandigarh State Cooperative Bank Limited Chandigarh,2014