An eight-member delegation from the Sikkim State Cooperative Bank visited Kerala to study the state’s cooperative banking sector and examine the functioning of the Kerala State Cooperative Bank.
The team, led by Sikkim StCB Vice Chairman Kishore Kumar Sharma, held discussions with Kerala Bank officials, including Chief Executive Officer Jorty M. Chacko, Chief General Manager A.R. Rajesh, General Manager Dr. R. Sivakumar, and other senior officers.
During the visit, the team explored the innovative multi-purpose projects undertaken by Primary Agricultural Credit Societies (PACS) in Kerala.
Impressed by these initiatives, they expressed interest in implementing similar projects in Sikkim. The delegation also visited the Balaramapuram and Nandiyode Service Cooperative Banks to observe their activities firsthand.
The Sikkim team praised Kerala Bank for its remarkable performance, noting that its loan outstanding has crossed Rs 50,000 crore, making it the first State Cooperative Bank in the country to achieve this milestone.
The Kerala Bank was formed five years ago by merging the three-tier cooperative banking system into a two-tier structure, a model that has proven successful.
