Banking


The District has 99 branches of 11 Commercial Banks. The Idukki District Cooperative Bank has 29 branches. There are 71 Primary Agricultural Credit Societies (PACS) and one Farmers Service Society ( FSS ) in the District. A large number of PACS are heavily dependent on the District Cooperative Bank due to their poor resource base. Integrated Cooperative Development Project ( ICDP ) is being implemented in the District to bring improvement in the functioning of cooperatives and development of infrastructure for further credit flow. There are four Primary Cooperative Agriculture & Rural Development Banks ( PCARDB ) in the District. The overall recovery position of the PCARDBs in the District as at end of March 2000 is 86%. The District has also has large number of registered private money lenders including that of the leading private Bankers like Muthoot Bankers, etc.

Idukki District Co-operative Bank

Particulars District Co-Operative Bank Primary Agricultural Credit Societies Primary Cooperative Agriculture & Rural Development Banks Commercial Banks Total
No. of Banks 1 72 4 11 88
No. of Branches          
(a) Rural 23 72 11 94 200
(b) Semi-Urben 4 nil nil nil 4
(c) Urben 1 nil nil 5 6
Total 29 72 11 99 211

Scheduled Banks

Bank Number of Branches
State Bank of India 13
State Bank of Travencore 25
Union Bank of India 25
Canara Bank 1
Central Bank of India 2
Sindicate Bank 1
Bank of Baroda 1
Federal Bank 18
South indian Bank 9
Catholic Sirian Bank 3
Dhana Lekshmi Bank 2
State Co-operative Bank 1
Total 101

Co-Operative Banks

Idukki District co-operative Bank 29
Service Co-operative Bank 75
Urban co-operative Bank 2





Others

Kerala State Financial Corporation 2
Kelata State Agriculrural & Rural development Bank 4