Financial Inclusion through Karad Urban Co Operative Bank, Karad

 The Karad Urban Co operative Bank Ltd., Karad is now a prominent name in Urban Banking Sector. This Bank was established first as a Co operative Urban Credit Society in the year 1917. The Bank has made tremendous progress in all these districts and considering the financial inclusion, has amended its bye laws to cover other districts of Maharashtra. The numbers of members of KUC Bank were increased from 43746 to 75206 during 2010 2011 to 2019 2020. The Average Annual Growth Rate of members was 71.92 with proportionate growth in socially backward classes. The Compound Growth Rate was 6 . The AGR and CGR of branches were increased by 28 and 2 respectively during same period. The CGR and Coefficient of variation of the numbers of Staff in the Bank was 3 and 12.97 respectively during the study period. In 2010 11, the share capital of the Bank was Rs. 3286.8 lakhs. It increased by 9820.9 lakhs at the end of March 2020. The S.D., C.V., and CGR of share capital were 2421.50, 33.30 and 12 respectively during the same years. In 2010 11 the loans and advances of Rs.76505.04 lakh was provided by the Bank. It increased 129.00 and reached at Rs. 175197.15 lakhs in the 2019 20. In order to ensure timely and efficient loan disbursement, similarly with an intention to adopt legitimate professional approach for financial inclusion. The capital Adequacy Ration of the Bank was higher than the norms of RBI and CD ratio was about 63.61 in the study period. Bank has succeeded in strengthening the capital base and ultimately achieved the CRAR 16.58 well above the benchmark 9 in the year 2019 20.Out of 62 branches 23 branches have O NPA in year 2019 20 and total NPA is 7.65 in 2019 20.Bank provides deposit Insurance upto 5 lakhs since Feb,2020. It provides loans to priority sectors like MSME, agro based sectors, women entrepreneurs, small traders etc. at low rate of interest and under PM Avas Yojana 136 proposals have been sanctioned and 1.94 crores are deposited in the accounts of beneficiary. 

by Dr. Sharwari Sharad Kulkarni "Financial Inclusion through Karad Urban Co-Operative Bank, Karad" 

Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-4 , June 2021, 

URL: https://www.ijtsrd.compapers/ijtsrd42356.pdf 

Paper URL: https://www.ijtsrd.commanagement/business-economics/42356/financial-inclusion-through-karad-urban-cooperative-bank-karad/dr-sharwari-sharad-kulkarni

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