About us

BRIEF PROFILE:

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.

Management

As per bye-laws of the Bank, the Management of the bank is vested in a Board of Directors consisting representations of 9 Directors from Cooperative Societies, 3 Directors from individual Shareholder and 3 Govt. Nominees. The Board of Directors of the Bank was constituted on 17.12.2012 and is running the affairs of the bank. The Board unanimously resolved to elect Shri Kamal K. Sharma President and Shri Jujhar Singh Vice President of the bank. Shri Balbir Singh Dhol, PCS (Government nominee) is the Managing Director of the bank.

The branches of the bank: -

• Sector-22 B, Chandigarh (H.O.)
• Sector-17, Chandigarh.
• Village Burail
• Village Mani Majra
• Village Hallo Majra
• Village Dadu Majra
• Village Badheri
• Village Mouli Jagran
• Village Maloya
• Modern Residential Complex, Mani Majra.
• Grain Market, Sector-26, Chandigarh
• Sector – 61, Kajheri, UT, Chandigarh
• Dhanas, UT, Chandigarh
• Khuda Lahora, UT, Chandigarh

Staff Strength

At present the sanctioned staff strength is 120 employees. 69 employees are working on regular basis and 23 employees are on contractual basis.