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History
In the 1st meeting held on 28th December 1952 at Guwahati, a decision was made to open a Bank in the Co-Operative sector by name “The Industrial Co-Operative Bank Ltd.” The Bank came to an existence on 19th February 1953 vide Registration No. 4/53 in the name of “The Industrial Co-Operative Bank Ltd.” Guwahati and starts the normal Banking Bussiness operations from 2nd July, 1953.
The Reserve Bank of India Issued the Banking Liecence vide No. UBD. AS.495 P date 11 August 1986. In exercise of the power conferred on the Reserve Bank of India by Section 22(1) read with Section 56(o) of the Banking Regulation Act, 1949.
Our Progress
Since inception the progress of the Bank may be seen as below:
| Year |
No. Share holder |
Share Capital |
Working Capital |
Deposit |
| 1954 |
53 |
27,625 |
6,05,475 |
5,69,733 |
| 1960 |
184 |
2,50,000 |
27,97,857 |
22,42,063 |
| 1970 |
710 |
9,38,650 |
1,76,13,811 |
1,45,15,390 |
| 1980 |
955 |
9,55,060 |
5,07,39,481 |
3,67,56,359 |
| 1990 |
1944 |
19,00,650 |
27,85,29,963 |
21,38,33,864 |
| 2000 |
2131 |
22,12,900 |
63,25,34,881 |
46,72,21,273 |
| 2010 |
3021 |
1,22,91,625 |
2,01,93,60,308 |
1,80,71,99,741 |
| 2014 |
3197 |
1,65,07,525 |
2,57,56,48,789 |
2,16,83,37,575 |
| 2015 |
3902 |
1,72,74,600 |
2,45,58,21,000 |
2,15,29,97,596.40 |
| 2016 |
4044 |
7,27,49,550 |
2,44,24,36,000 |
2,19,24,47,441.59 |
| 2017 |
10454 |
9,71,65,175 |
2,25,67,71,000 |
2,22,74,09,645.17 |
| 2018 |
27893 |
10,99,01,875 |
2,36,99,70,000 |
2,29,73,01,981.44 |
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Board Of Directors
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