Kakatiya Co-Operative Urban Bank Ltd is established during the year 1999 and completed 24 years of existence by November 2023 and heading to complete 25 years by 25th November during the current year – 2024. The objective of the Banks formation is to provide services to middle- and lower-income group people for mutual benefit.
The has been contributing its share to financial inclusion and inclusive growth of the country by reaching out to members of the lower income groups and underprivileged sections to bring them into the fold of banking services. In order to bring them in to Banking fold, we have designed No Frill Savings Bank Accounts and offering the product to lower and lower middle income group segment.
We also have initiated, measures to bring the businessmen, small entrepreneurs from the clutches of Call Money Market lenders, who are charging usurious interest rates ranging in between Rs.3-to 5- per month per hundred. We have designed a special loan product, called STML Loans” and providing loans up to Rs.50 thousand for petty business and service activities depending upon the activity. Apart from the above we are also providing personal loans up to 2.00 lakhs to small business entrepreneurs having own dwelling unit.
We have consistently been the frontrunner among peer banks in leveraging technology to deliver our products and services and enhancing customer experience and convenience through alternative channels. The landmarks of our technological progress include connectivity of all branches and introduction of Core Banking Software solutions, installation of onsite ATMs, Issue of RuPay debit Cards to customers facilitating any Bank ATM access across India, SMS alert service, RTGS /NEFT, E-com, IMPS Branch debit and IMPS Mobile Banking facilities. We are also offering UPI services to our customers for convenience banking.