::A brief history::
The Bank is situated in Sulthan Bathery a small town in
Wayanad district of Kerala. Wayanad is famous for its tea
and coffee plantations, spices cultivation etc. The Sulthan
Bathery Bank was started to boost the agrarian economy of
the region. It
was first registered as
a
multipurpose co-operative society on
20th November 1951. At the time of its
inception the bank had just 11 members with Rs. 65/- each
as share. The area of operation included Sulthan Bathery,
Nenmeni, & Noolpuzha panchayath (Villages: Sulthan bathery,
Nenmeni, Noolpuzha, Kidangad, Kuppadi & Cheeral).
The bank was later converted as an
agricultural
bank on 5th July 1957, which was again converted
as
Sulthan Bathery Service Co-operative Bank Ltd.,
on
7th February 1962.
From a humble beginning, the bank has made very good progress.
The head office and 3 of its branches are functioning in
its own building. The Bank is now classified as
“A”
in audit, classified as “
Special Grade Bank”
as per section 80 of KCS Act 1969 and are the award winners
for the
“Best Service Co-op Bank” in
the state. To top the charts the bank has now declared dividend
at 20% to its members.
Objectives
Admitting
individuals as members from the area of operation by collecting
share capital.
Accepting
various types of deposits from members, non members and
institutions
Borrowing
funds from dist. Co-operative banks government and other
approved financing agencies.
Staff Pattern
