About us

HISTORY

The Kakinada Cooperative Town Bank Ltd No C-750 established in the year 1980, as its Head Office at Veterinary Hospital Street, Ramaraopeta, Kakinada, started commencement of business from 22.08.1980 as per Reserve Bank of India License No ACD/AP-205P, DT 28.06.1980. Initially area of operation of the bank confined to Kakinada Municipality area, and the villages situated at a radius of 10 km from Kakinada city of East Godavari District, AP. Later on area of operation of the Bank extended to entire state of Andhra Pradesh.

The Board of Directors of the Bank consists experienced and visionary professionals driven by strong ideals and sense of service, the Bank is surging ahead in the path of growth, stability, profitability and economic and business development. Committed to the core value of customer service excellence and propelled by the trust, Good will and loyalty of thousands of customers, our Bank embarked upon expansion and presently with 18 branches in the East Godavari District and Visakhapatnam Districts.

The KCTB adopting and deploying appropriate technologies to deliver speedy and qualitative services and improve customer service convenience through alternative channels for which the Bank occupies a prominent place among the Urban Co-operative Banks. The land marks of our technological progress include connectivity of all branches and introduction of core Banking solutions since 2012, Anywhere Banking, 8 ATM’s, contactless RUPAY debit cards to customers to facilitate any Bank ATM access across India, RTGS/NEFT, e-commerce and IMPS and Mobile banking services also be provided shortly and they are under testing process.

Since inception

,

 the Bank witnessed vibrant growth and sustains progress on all financial parameters. Our balance sheet reflects our strength and faith reposed on us by our beloved stake holders, and total business of the Bank crossed Rs 

1650+ crores.

VISION AND MISSION

Vision

At The Kakinada Co-operative Town Bank Ltd, our vision is to be a leading financial institution that empowers individuals, businesses, and communities by providing accessible, sustainable, and innovative financial services. We aim to build a future where every member thrives, and the values of trust, integrity, and collaboration guide our actions.

Mission

Our mission is to provide reliable, affordable, and member-centric banking services that support economic growth and social development. We are committed to improving the financial well-being of our members through cooperative principles, transparent practices, and ethical governance. By prioritizing mutual success, we work to build strong, resilient communities and promote financial inclusion for all.

Objectives

Financial Inclusion: To provide a wide range of banking products and services that meet the diverse needs of all members, particularly those who are underserved by traditional banking institutions.

Member Empowerment: To offer personalized financial advice and services that empower members to make informed financial decisions and achieve their economic goals.

Sustainability: To operate with a focus on environmental and financial sustainability, ensuring long-term stability and growth for the cooperative and its members.

Community Development: To invest in local communities and support initiatives that contribute to social welfare, education, and economic progress.

Transparency & Accountability: To maintain the highest standards of transparency, accountability, and ethical conduct in all aspects of our operations.

Innovation: To embrace technological advancements and provide digital banking solutions that offer convenience and enhance the banking experience for our members.

Shared Prosperity:

 To foster a culture of collaboration, where profits are reinvested into the cooperative to benefit all members, ensuring equitable growth and prosperity.

You can tailor these sections to align with the specific goals and ethos of your co-operative bank.

BOARD OF DIRECTORS

BOARD OF MANAGEMENT