About Us

Vazhayoor Service Co- operative Bank Ltd. welcomes you!
The advances in modern technology have given a boost to the banking sector. The Vazhayoor Service Co- operative Bank is all set to take technology leadership and provide unmatched customer service to its esteemed clients. The bank is an outcome of the Cherukavu Service Co-operative Society formed in 1964 to release the poor village farmers from the exploitation of middlemen in the agricultural sector. In 1978 the society was converted to Vazhayoor Service Co-operative Bank Ltd.

The society was born with 358 members and Sri. Ellath Balakrishna Panicker was its Chief Promotor. Sri T.P. Vasu Vaidyar was the founder president and Sri. C. Bhaskara Kurup was the honorary secretary of the society.

The acute shortage of resources and the backward state of Vazhayoor was a serious drawback affecting the growth of the Vazhayoor Bank and in 1988, the bank operations nearly came to a standstill. It was then that a new executive committee with Sri. T. P. Appunni came to power and it laid the foundation for the present progressive growth of the bank.

Late Sri. V. T. Bhagyachandran Eradi, Sri. K. V. Govinda Varrier, Sri. K. I. Vasudevan Nair, Sri. Ellath Gopinath, Prof. Koyatti etc. have played a major role in the progress of the bank. Through combined efforts, the financial resources were accumulated and with new loan schemes the Vazhayoor Bank could reach out to the common man.

The Vazhayoor Bank has by now opened 4 branches (Kakkovu, Karad, Vazhayoor, Puthukode) other than the main branch at Azhinhilam and is in the process of opening its sixth branch in Parammal. The bank has also extended its operations to other sectors like Neethi Store, Neethi lab, Super market, Fertilizer Depot, festival fairs etc.

Now the bank has grown into one of the Super Grade banks in Co-operative sector in Kerala with over 11955 A Grade members, 6152 C class members & 1833 D Class members. The bank’s share capital is Rs. 65 lakhs and deposits are Rs. 64 Crores. The bank also has loans amounting to Rs. 53 Crores.

In 2007, the Vazhayoor Bank was upgraded to class II Bank and in 2011 to class 1 category. Later on in 2013 it was made into a Class I Special grade bank, Today our bank has positioned itself as one of the leading co-operative banks in Kerala.