A 14-member delegation from the Goa State Cooperative Bank (GSCB), led by its chairman Ulhas B. Phal Dessai, visited Kerala to study the state’s strong cooperative sector and gain insights into the success of Kerala State Cooperative Bank (Kerala Bank).
Kerala Bank has recently made headlines when its loan book crossed the Rs 50,000 crore mark.
The delegation included GSCB Vice-Chairman Pandurang N. Kurtikar, Managing Director Anant M. Chodankar and others. The team engaged in discussions with Kerala Bank’s Board of Management Chairman V. Reveendran, Chief Executive Officer (CEO) Sri Jorty M. Chacko, General Manager Dr. R. Sivakumar, and other senior officials.
Both banks agreed to collaborate on key issues in the cooperative and banking sectors, reinforcing the principle of “Cooperation among Cooperatives.” The delegation also visited the Karakulam Service Cooperative Bank and Perunguzhi Coir Vyavasaya Sangham to understand their operational models.
This visit highlights the growing interest in Kerala’s cooperative banking structure, which transitioned from a three-tier to a two-tier system five years ago, setting a benchmark for cooperative banking efficiency in India.
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