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Kerala co-operative bank to be a reality soon – Minister Kadakampapally Surendran

CNM Reporter
Cooperation Minister addressing the public meeting after inaugurating the renovated building complex
Minister for  Co-operation,  Kadakampally Surendran has said that the proposed Kerala Co-operative bank, an ambitious initiative of the LDF Government, will become a reality soon. The formation of the bank, an apex body of the cooperatives in the state will put an end to the fleecing and exploitation made by the nationalised and scheduled banks on customers under various pretexts, the Minister said. The Kerala Bank will strengthen the cooperative banks and more investment will follow.
“We have to compete with new generation banks in the present scenario of modernization in tune with the technogical advancement, hence we have to provide more facilities for the customers. This will add up to the deposit ratio, which will also boost the cooperative sector and the state’s development” said the Minister.
He was speaking after inaugurating the renovated building complex of the Calicut University Employees Housing Co-operative Society on the University campus today.
The Minister has called upon all the stake holders to make cooperative sector stronger as an alternative to the corporates. The threats from their grip on the banking sector looms large on the country.
The cooperative sector faced large scale threats and competition from 1990s. Kerala stood first among the cooperative arena at the national level, overcoming all challenges, the Minister added.
He has congratulated the director board members and staff of the society for their excellent performance over the years.

Former Presidents of Calicut University Housing Co-operative Society, Balachandran, P. Kunhikannan, Viswanatha Pillai, C. Velayudhan, K. Janardhanan, R. Chandran and Madhusoodhanan Nair ( Standing second row from left)

He has also lauded the director board for having constructed the renovated building complex with an estimate of Rs.49 lakh against the original estimate of Rs.72 lakh, leaving a surplus of Rs.23 lakh.
Calicut University Syndicate Member Professor  M.M. Narayanan inaugurated the Safe Deposit locker 
on the occasion.
Registrar Dr. C. L. Joshy felicitated the former Presidents of the Housing Society, who have contributed a lot for the overall growth of the society with good turnout and more utility services to the public and members of the society.
Cooperative Deputy Registrar P. Balakrishnan,  Assistant Registrar Surendran Chembra, Assistant Director of Audit Balakrishnan Kunnath, Calicut University Employees Union General Secretary Sabeesh Thottungal, Association of Calicut University Teachers Dr. Harikumaran Thambi and Sreejith offered felicitations.
Housing Society President N.P. Jamsheer presided over the meeting.
Jyothikumar welcomed the gathering, while Nisha. P proposed a vote of thanks


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