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About Us
The Urban Co-operative Bank Limited Rourkela is a primary urban co-operative bank registered under Orissa Co-operative Societies Act. 1962 (Act 2 of 1963) having Regd. No. 1/SG Dtd. 10.05.1988 and functioning like a commercial Bank under the total control of Reserve Bank of India and Govt. of Orissa. The banking license was obtained from Reserve Bank of India in the year 1989 and started its banking business on 24.09.1990. During short period of functioning of, the bank has achieved the norms of viability and could be able to obtain branch license for five centers in the year 1995 and out of which four branches were opened in the same year. One branch license for Sundargarh location was surrendered due to distance factor. During this span of functioning, the bank could be able to establish its remarkable growth and for which it has been awarded as the best Urban Co-operative Bank of the state for last decade. The area of operation at the registration stage was whole revenue district of Sundargarh and thereafter it has been extended to the adjoining revenue districts like Jharsuguda and Keonjhar. Till 31.03.2010, the membership position is at 15466 as against the paid-up share capital of Rs. 441.59 lakhs. The bank is functioning on the CBS platform and could be able to provide alluring package of services/ products to the customers. Since inception, the bank is earning profit and paying dividend to the share holders @ 12%, which is at par with the maximum cap fixed under the OCS Act. Like other commercial banks, the remittance facilities like RTGS & issuance of draft etc. for places all over India are available in all the branches on tie up arrangement with other market players. Also the bank is a leading player in the local clearing house as a direct member and possesses proportionate market share in business of the locality.
As a token of social responsibility and commitment, the welfare activities like construction of souchalaya in the campus of RGH, Rourkela, providing of medical equipments to hospitals & books for libraries etc. had been undertaken by us out of common good fund created on appropriation of profit.
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