The Visakhapatnam Co-operative Bank

What The Visakhapatnam Co-operative Bank does

The Visakhapatnam Co-operative Bank is an Indian multi-state scheduled cooperative bank founded circa 1915-1916 and headquartered in Visakhapatnam. It is positioned as the largest multi-state cooperative bank in South India, operating 60 branches spread across Andhra Pradesh and Telangana, supported by 43 ATMs and 634 employees as of March 2026. The bank serves 117,884 shareholders/members across retail, small and micro-enterprise, and priority-sector segments (including weaker sections), operating under the Multi State Co-operative Societies Act.

The bank's core products include deposit products, retail and SME loan products, and ancillary banking services. Its technology layer consists of a Core Banking Solution platform deployed since 2013, a proprietary mobile banking application (VCBL MobiApp), UPI integration, and the ATM network. Member relationships are structured through cooperative share ownership, with member-based governance providing a structural difference versus commercial banks.

The revenue model is driven primarily by net interest margin on a loan book of Rs. 3,877.42 crore and a deposit base of Rs. 4,594.97 crore, supplemented by fee, commission, and treasury income. For FY 2025-26, the bank reported net profit of Rs. 66.15 crore (versus Rs. 71.77 crore in FY 2024-25), net worth of Rs. 721.93 crore, CRAR of 20.56%, and Net NPA of 0%. Forward growth is anchored by nine new branches (taking the network to 69) and proposed mergers with Sri Swashakti Mercantile Cooperative Bank (Vijayawada), Guntur Mahila Cooperative Bank, and Saluru Cooperative Bank.

Name

The Visakhapatnam Co-operative Bank

Legal name

The Visakhapatnam Co-operative Bank Ltd

Website

https://vcbl.in

Company type

Private

Founded year

1915

Operating status

Operating

Headcount range

1–10 employees

Short description

The Visakhapatnam Co-operative Bank is an Indian multi-state scheduled cooperative bank founded circa 1915-1916, operating 60 branches across Andhra Pradesh and Telangana and serving 117,884 members. It provides retail, SME, and priority-sector deposit and lending services via Core Banking, mobile app, and UPI channels.

Ownership category

akta.pro rank

Headquarters

HQ city

Visakhapatnam

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Interest Income on Loans and Advances: Primary revenue stream from disbursement of gold loans, housing loans, mortgage loans, educational loans, MSME loans, and other credit facilities. Total loans disbursed amount to Rs.3,877.42 crore as of March 2026.
2. Deposit Taking: Acceptance of savings deposits, term deposits, recurring deposits, and current accounts. Total deposits stand at Rs.4,594.97 crore as of March 2026.
3. Fee and Commission Income: Commission income from demand drafts, pay orders, at par cheques, RTGS/NEFT transactions, clean bill purchase, and other banking services
4. General Insurance Agency: Corporate agency agreement with United India Insurance Co. Ltd. providing motor, health, travel, fire, burglary, and property insurance to customers
5. Life Insurance Services: LIC renewal premium payments accepted at branches, term insurance, whole life insurance, endowment policies, ULIPs, child plans, and pension plans

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels4 records

Core offering

The Visakhapatnam Co-operative Bank is a multi-state cooperative bank providing retail banking services through 60 branches across Andhra Pradesh and Telangana. It accepts deposits (savings, current, recurring, fixed, senior citizen schemes) and disburses loans (gold, housing, education, MSME, mortgage, trade finance, professional, consumption), while offering digital banking (UPI, mobile app, ATMs, RTGS/NEFT), life and general insurance distribution, forex services, and safe deposit lockers to its 117,884 members.

Product overview

The Visakhapatnam Co-operative Bank is a multi-state cooperative bank operating in Andhra Pradesh and Telangana with 60 branches. It offers a comprehensive suite of banking products organized around four core pillars: (1) Deposit Products including savings, current, recurring, fixed, and specialized senior citizen deposit schemes; (2) Loan Products covering gold loans, housing loans, education loans (VCB Vidya Jyothi Scheme), marriage loans (Kalyanamastu), trade finance, professional loans, and mortgage facilities; (3) Digital Banking Services including UPI, mobile banking via VCBL MobiApp, Rupay debit cards, and 43 ATMs; and (4) Ancillary Services including life and general insurance (through United India Insurance), forex services, safe deposit lockers, and member welfare schemes. The bank operates on Core Banking Solutions migrated in 2013, enabling any-branch banking across its network.

Differentiator

Problem solved

Functional benefit

Products and services

• Savings Deposits Savings bank accounts with interest calculation at the end of day, zero balance account support, and KYC compliance for individual members and retail customers.
• Current Deposits Non-interest bearing current accounts for businessmen with cheque book facility and no transaction limits.
• Recurring Deposit Monthly recurring deposit with minimum Rs. 100 installments earning compound interest quarterly, term 1-10 years.
• Cumulative Deposit Term deposit with accrued interest paid at maturity, quarterly compounding, term 9 months to 10 years, minimum Rs. 100.
• Fixed Deposit Short Term (FDST) Short-term fixed deposit for periods 7 days to below 1 year with flexible interest rates and 85% loan facility.
• Half Yearly/Yearly Interest Scheme Fixed deposit with half-yearly or yearly interest payments credited to savings/current account, term 1-10 years.
• Quarterly/Monthly Interest Scheme (MIS) Monthly/quarterly income certificate providing fixed periodic interest payments, term 1-10 years, minimum Rs. 100.
• Daily Deposit Scheme Daily deposit collection scheme with 5% interest rate, initial deposit Rs. 100, 100-day term.
• VCB Vruddi Deposit Scheme Senior citizen deposit scheme with 6.90% (general) and 7.40% (senior citizens) interest rates for 401 days.
• VCB Super Senior Citizen Vruddi Deposit Special deposit scheme for senior citizens aged 80+ with 7.50% interest rate for 401 days, minimum Rs. 10,000.
• Gold (Term) Loan Gold ornament-backed loan up to Rs. 50 lakhs with 10% interest rate, repayable up to 60 months in monthly installments.
• Overdraft on Gold Loans Overdraft facility against gold ornaments up to Rs. 10 lakhs per individual with 25% margin and renewable on review.
• VCB Housing Loans Housing loans for construction and purchase of residential houses/flats with tenure up to 240 months and margin of 60-70% of property value.
• Mortgage Loan Loan against mortgage of house property with clear title and market value assessment.
• VCBL Property Plus Purpose-neutral credit facility (term loan and OD) up to Rs. 40 lakhs with minimum 150% security through immovable properties.
• VCBL Rent Plus Loan against rental property for individuals and businesses, ranging from Rs. 1 lakh to Rs. 5 crores based on 60% of property value or 75% of rent receivable.
• VCB Vidya Jyothi Scheme Education loan for professional/management courses and foreign universities, ranging from Rs. 10 lakhs to Rs. 50 lakhs with 10% margin and CIBIL score requirement of 650+.
• VCB Educational Loan Education loan for school/college fees up to Rs. 2 lakhs with maximum 24 EMIs and CIBIL score requirement of 650+.
• VCB Trade Finance Loans/OD Trade finance loan for GST-registered traders, covering 20% of annual turnover up to Rs. 5 lakhs with hypothecation of stocks and book debts.
• MSME and Business Loans MSME Loans up to Rs. 10 lakhs at 11.00%; above Rs. 10 lakhs up to Rs. 50 lakhs at 11.50%; above Rs. 50 lakhs at 11.75% interest rates for small and medium enterprises.
• Professional Loans Loans for doctors, chartered accountants, and professionals for equipment, construction, and asset purchase with mortgage of property as security.
• VCBL Kalyanamastu Loan Marriage finance loan ranging from Rs. 5 lakhs to Rs. 25 lakhs with interest rates of 10.50% to 11.50%, repayable up to 60 months.
• Consumption Loans Loans for personal consumption up to Rs. 1 lakh with third-party guarantee, 25% margin, and maximum 36 months tenure.
• Daily Collection Loan Loan for small business people from Rs. 1 lakh to Rs. 5 lakhs with 90-360 days tenure, requiring 2.5% contribution to share capital.
• Hypothecation Loan Loan against hypothecation of goods collaterally secured by mortgage of property with minimum 25% margin and up to 60 months tenure.
• Deposit Loans Loan against bank term deposits at 85% of face value or 75% of principal plus interest, with 1% interest over deposit rate.
• Overdraft on Deposits Overdraft facility against term deposit receipts at 85% of face value or 75% of principal plus interest, with 1% interest over deposit rate.
• UPI Services Unified Payments Interface service enabling instant, secure fund transfers using Virtual Payment Address, mobile number, or QR code, available 24/7 with the ability to link multiple bank accounts in a single mobile application.
• VCBL MobiApp (Mobile Banking) Mobile banking application enabling financial transactions remotely via smartphone or tablet, with daily transaction limit of Rs. 5 lakh, available on iOS and Android with 24/7 account access and fund transfer capabilities.
• VCB Classic Rupay Debit Card Rupay Classic debit card for cash withdrawals up to Rs. 30,000/day, POS transactions up to Rs. 35,000/day, and online e-commerce transactions across India under NFS Network.
• ATM Facility Bank's own ATM network with 43 ATMs at various branch locations, offering cash withdrawal up to Rs. 30,000/day, balance enquiry, mini statements, and PIN change services.
• RTGS/NEFT Facility Real Time Gross Settlement and National Electronic Funds Transfer services for quick fund transfers across the country, with charges waived.
• Life Insurance Life insurance products including term, whole life, endowment, money-back, ULIPs, child plans, and pension plans offered through LIC partnerships, with LIC renewal premium payments accepted at branches.
• General Insurance General insurance services through United India Insurance Co. Ltd. including motor, health, travel, fire, burglary, property, machinery breakdown, and household insurance.
• Forex Services Foreign exchange business authorized by RBI as Category-II Authorized Dealer for purchase/sale of foreign exchange including private visits, overseas education, medical treatment, and business travel.
• Safe Deposit Lockers Safe deposit lockers available through 60 branches with four sizes (small, medium, big) at competitive rental rates ranging from Rs. 1,250 to Rs. 7,500 per year.
• Any Branch Banking (ABB) Core banking-enabled facility allowing customers to operate accounts from any networked branch including cash deposits, draft purchases, and cheque deposits.
• Demand Drafts and Pay Orders Bank's own pay orders drawn on branches throughout Andhra Pradesh at reduced rates for customers.
• At Par Cheques and Banker's Cheques At par cheques and banker's cheques payable anywhere in India tied up with IDBI, Axis Bank, and HDFC Bank.
• Clean Bill Purchase Bill purchase facility for businesses needing urgent funds, maximum Rs. 50,000 for government bills, drafts, quasi-government, and PSU cheques.
• Member's Welfare Schemes Welfare schemes including medical expense reimbursement (up to Rs. 50,000), accidental death coverage (Rs. 50,000), death claim provisions (up to Rs. 1,00,000), and cash awards for meritorious students.

Quantifiable outcome

• Deposits grew 5.52% from ₹4,354.73 crore to ₹4,594.97 crore in FY 2025-26
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• IDBI BankcoreTechnology or Integration · 1 December 2013Tie-up for at par cheques payable anywhere in India against current accounts. IDBI ATMs are accessible for VCB customers free of charge as part of the ATM network.
• Axis BankcoreTechnology or Integration · 1 December 2013Tie-up for at par cheques payable anywhere in India against current accounts.
• HDFC BankcoreTechnology or Integration · 1 December 2013Tie-up for at par cheques payable anywhere in India against current accounts.
• United India Insurance Co. Ltd.coreChannel Partner/ Reseller/ DistributorCorporate Agency agreement for providing general insurance services including motor, health, travel, fire, burglary, and property insurance to bank customers at competitive prices.
• National Payments Corporation of India (NPCI)coreTechnology or IntegrationUPI infrastructure provider enabling instant fund transfers and digital payments through the bank's mobile banking platform.
• RuPaycoreTechnology or IntegrationPayment network for VCB Classic Rupay Debit Card enabling transactions at ATMs and merchant establishments across India under NFS Network.
• Sri Swashakti Mercantile Cooperative Bank (Vijayawada)minorStrategic or Co-development PartnerProposed merger of this regional cooperative urban bank into The Visakhapatnam Cooperative Bank as part of expansion strategy.
• Guntur Mahila Cooperative BankminorStrategic or Co-development PartnerProposed merger of this regional cooperative urban bank into The Visakhapatnam Cooperative Bank as part of expansion strategy.
• Saluru Cooperative BankminorStrategic or Co-development PartnerProposed merger of this regional cooperative urban bank into The Visakhapatnam Cooperative Bank as part of expansion strategy.

Scale indicators13 records

Recent moves10 records

Expansion highlights5 records

Direct peers

• SVC Co-operative Bank: Multi-state cooperative bank headquartered in Mumbai with branch network across multiple states. Comparable to VCBL on cooperative governance, deposit-led funding model, and retail/MSME loan orientation.
• NKGSB Co-operative Bank: Multi-state cooperative bank offering deposits, home loans, gold loans and digital banking. Closely mirrors VCBL's product architecture and cooperative governance model.
• Janata Sahakari Bank (Pune): Urban cooperative bank with multi-state presence and a strong retail and SME loan book. Comparable to VCBL on cooperative governance, deposit-taking model, and gold/property-backed lending.
• Saraswat Co-operative Bank: India's largest urban cooperative bank, multi-state, offering deposits, loans, and digital banking. Directly comparable to VCBL in cooperative structure, multi-state registration, and product mix (gold loans, housing, MSME).
• TJSB Sahakari Bank: Multi-state cooperative bank headquartered in Maharashtra with broad retail and SME lending portfolio. Comparable to VCBL on cooperative structure, member-based ownership, and regional deposit franchise.
• Cosmos Co-operative Bank: Maharashtra-based multi-state urban cooperative bank offering deposits, retail loans and digital banking. Closely comparable to VCBL in cooperative structure, branch-led distribution, and retail/MSME focus.
• Shamrao Vithal Co-operative Bank: Multi-state cooperative bank offering similar deposit, loan, and digital banking products. Functionally a direct peer to VCBL with overlapping customer profiles in retail and small business segments.

Regional players

• South Indian Bank: South Indian regional private bank with similar retail/MSME lending orientation. Comparable to VCBL in South Indian customer base, branch-led distribution and deposit-led funding model.
• City Union Bank: Tamil Nadu-headquartered private bank with strong SME/MSME and gold-loan orientation. Closely comparable to VCBL on South Indian retail/MSME focus and gold-loan product emphasis, though listed private bank.
• Federal Bank: Private-sector South Indian regional bank with retail/SME focus across Kerala and pan-India. Comparable to VCBL on South Indian retail/SME lending footprint, though structurally different (private listed bank vs cooperative).

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/vcbltd
• LinkedInlinkedin.com/company/visakhapatnam-co-op.-bank-limited.

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Visakhapatnam Co-operative Bank