The Bank
The Tamil Nadu State Apex Co-operative Bank Ltd. commenced its business during November 1905 as an Urban Co-operative Bank. It was subsequently changed into a District Central Co-operative Bank during July 1920. At present, the Bank is functioning at Chennai with 51 branches, an Extension Counter and the Head Office. TNSC Bank is guiding the District Central Co-operative Banks and Primary Agricultural Co-operative Banks in their functioning, and it plays a major role in the co-operative movement of Tamil Nadu.
TNSC Bank is a Scheduled Co-operative Bank and has been listed under the Second Schedule of the RBI Act. The Bank is a member of the Deposit Insurance and Credit Guarantee Corporation (DICGC) and is an insured co-operative bank as per the DICGC Act. TNSC Bank has the privilege of holding share capital contributed by the Government of Tamil Nadu.
The Bank is under the close supervision and monitoring of the higher financing agencies. The Reserve Bank of India and NABARD. Periodical inspection and supervision are carried out by NABARD as per RBI guidelines, and the Government of Tamil Nadu reviews the performance of the Bank periodically.
Mission
To mobilise resources, provide banking products and other professionalised services to the people, strengthen the affiliates, provide vibrant leadership to the co-operative banking system, achieve sustained growth and ultimately attain a prime position in the banking industry.
Management
TNSC Bank is led by a Managing Director supported by a General Manager, Deputy General Managers and Assistant General Managers across IT, Advances, Banking, Legal & Estate and Administration. The Bank is currently under the administration of an Addl. Registrar (Administrator) pending constitution of an elected Board of Directors.
The full roll of Board members, Executives, Special Officers, Managing Directors, Secretaries and General Managers who have led the Bank is on the Management page.
Awards & Accolades
NAFSCOB Awards
| Year | Performance | Prize |
|---|---|---|
| 2021-2022 | Appreciation Award for 100 Years of Credit & Banking Service | Special |
| 2020-2021 | Overall Best Performance under III Tier Structure | First |
| 2019-2020 | Overall Best Performance (Ranchi) | First |
| 2012-2013 | Overall Best Performance | First |
| 2006-2011 | All India Mutual Arrangement Scheme (5 consecutive years) | First |
| 1994-1997 | Overall Best Performance (3 consecutive years) | First |
| 1991-1992 | Overall Best Performance | First |
NABARD Awards
| Year | Performance | Prize |
|---|---|---|
| 2020-2021 | Best Bank under Financial and Developmental Initiatives, Tamil Nadu | - |
| 2019-2020 | Excellent Performance under SHG-Bank Linkage Program | - |
| 2000-2001 | Overall Best Performance | First |
Other Recognitions
| Year | Performance | Prize |
|---|---|---|
| 2011-2012 | NCUI: Best Member Cooperative among Short Term Coop. Credit Structure | - |
Financial Position
| Liabilities | Amount | Assets | Amount |
|---|---|---|---|
| Share Capital | 1208.45 | Cash & Bank Balance | 1404.31 |
| Reserves & Surplus | 1876.56 | Money at Call | 1555.62 |
| Deposits | 15485.01 | Investments | 3646.32 |
| Borrowings | 21984.66 | Loans & Advances | 34709.71 |
| Payables | 520.21 | Receivables | 163.53 |
| Other Liabilities | 648.72 | Property & Other Assets | 244.12 |
| TOTAL | 41723.61 | TOTAL | 41723.61 |