Kurukshetra Central Cooperative Bank Limited

What Kurukshetra Central Cooperative Bank Limited does

Kurukshetra Central Cooperative Bank Limited (KCCB) is a scheduled cooperative bank established on 20 August 1973, headquartered on Bank Railway Road in Kurukshetra, Haryana, India. The bank operates 27 branches and 2 extension counters serving the rural population of Kurukshetra district, with 1,40,345 accounts and 147,925 enrolled member households across Small Farmers (41,565), Big Farmers (17,667), Rural Artisans (9,938), and Others (78,755). Its core business is agricultural and cooperative lending, deploying funds in short-term agricultural credit (Rs. 42,357.78 lakhs), non-farm finance (Rs. 42,638.19 lakhs), and government-sponsored programs including Kisan Credit Card and SHG financing, with refinance support from NABARD and deposit insurance from DICGC.

The bank's product portfolio spans deposit products (Savings Account at 3.00% interest, Current Account, Fixed Deposits at 3.50%-7.95%, Recurring Deposits for 12-120 month tenors, and Re-Investment Term Deposits at 6.00%-9.25%) and loan products (Home Loans up to Rs. 75 lakhs at 8.40%, Car Loans at 9.0%, Personal Loans capped at Rs. 5 lakhs at 12%, plus gold loans, education loans, cash credit facilities, and overdraft). As of FY 2016-17, the bank held Rs. 30,481 lakhs in deposits, Rs. 29,480 lakhs in borrowings, and Rs. 82,471.60 lakhs in working capital, reporting profit of Rs. 157.74 lakhs. The underlying technology is traditional cooperative banking infrastructure, with branch and PACS computerization under progress and ATM services planned but not yet operational. Ownership rests with member societies (Rs. 2,168.88 lakhs share capital), the Haryana government (Rs. 2,741.48 lakhs), and ICDP (Rs. 27.50 lakhs), governed by a Board of Directors chaired by Subhash Chand with Gaurav Arya as Vice Chairman.

Name

Kurukshetra Central Cooperative Bank Limited

Legal name

The Kurukshetra Central Cooperative Bank

Website

https://dccbkkr.in

Company type

Private

Founded year

1973

Operating status

Operating

Headcount range

1–10 employees

Short description

Kurukshetra Central Cooperative Bank is a scheduled cooperative bank established in 1973 that operates 27 branches and 2 extension counters across Kurukshetra district in Haryana, India. It primarily serves rural farmers, artisans, and government employees with deposit products, agricultural credit, home/car/personal loans, and NABARD-supported refinance programs.

Ownership category

akta.pro rank

Product category

Cooperative Banking

NAICS

Credit Unions (522130)

SIC

State Commercial Banks (6022)

akta.pro industry

PRIMARYFSABAEAF

Cooperative Banks (Member-Owned Commercial/Retail)

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Community & Cooperative Banking (Credit Unions, Mutuals)

SECONDARYFSABAEAG

Agricultural & Rural Cooperatives (Farm Credit/Co-op Banks)

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Community & Cooperative Banking (Credit Unions, Mutuals)

SECONDARYFSAKAAAL

Bank & Credit Union Personal Loans (Unsecured Installment)

Financial & Insurance/Lending & Consumer Finance/Personal Loans (Unsecured Installment)

Keywords

• Cooperative banking services
• Agricultural credit loans
• Rural deposit products
• Retail banking accounts
• Home car personal loans

Headquarters

HQ city

Kurukshetra

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

Revenue model

1. Interest Income on Loans: Primary revenue source from interest charged on various loan products including Home Loans (8.40% public rate), Car Loans (9.0% per annum), Personal Loans (12% presently), and other agricultural and commercial advances.
2. Service Charges and Fees: Fees charged for account maintenance, cheque books, draft issuance, locker rentals, account statements, stop payment charges, and various banking services.
3. Deposits: Public deposits constitute major source of funds along with own funds and refinance from NABARD. Total deposits of Rs. 30,481 lakhs as of 2016-17.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Kurukshetra Central Cooperative Bank provides traditional cooperative banking services including deposit products (savings, current, fixed, recurring, re-investment term deposits) and loan products (home, car, personal, agricultural, gold, education, cash credit) to the rural population of Kurukshetra district in Haryana. The bank serves 147,925 member households through 27 branches and 2 extension counters, with a primary focus on agricultural financing for small and big farmers, rural artisans, and cooperative society members.

Product overview

Kurukshetra Central Cooperative Bank Limited offers a comprehensive suite of traditional banking products and services through its network of 27 branches and 2 extension counters. The bank's core offerings include deposit products (Savings Account, Current Account, Fixed Deposits, Recurring Deposits, and Re-Investment Term Deposits) and loan products (Home Loans, Car Loans, Personal Loans, and Other Loans including gold loans, education loans, and vehicle loans). The bank serves primarily the rural agricultural population of Kurukshetra district in Haryana, with supplementary services like loan calculators and unclaimed deposit recovery. The product portfolio follows a traditional cooperative banking model focused on agricultural finance, with additional utility tools for customer convenience.

Differentiator

Problem solved

Functional benefit

Products and services

• Savings Account Savings bank account for individuals with minimum balance of Rs. 500, interest rate of 4% per annum, allowing multiple withdrawals up to 120 per year. Special Savings Bank P/F rate is 7.10% for all brackets.
• Current Account Running current bank account for individuals, sole proprietorships, companies, institutions, trusts, and societies with minimum balance of Rs. 5,000, no interest allowed.
• Fixed Deposits Fixed deposit scheme with amount invested for fixed period, repayable on maturity with agreed interest rates payable monthly or quarterly. Loan facility up to 85% of FD amount available. Interest rates range from 3.50% to 8.00% based on tenure and deposit amount brackets.
• Recurring Deposits Monthly savings scheme with fixed installments for predetermined period of 12 to 120 months, with loan facility up to 85% of RD amount.
• Re-Investment Term Deposits Term deposit with compound interest paid quarterly, rate of interest varies from 6.00% to 9.25%, loan facility up to 85% of RITD amount, extra 0.60% for senior citizens.
• Home Loan Home purchase/construction loan up to Rs. 75 lakhs per employee, repayment up to 20 years or age 58, margin 25%, rate of interest 8.40% (public) and 8.25% (Harcobank staff). Targeted at government employees and bank staff.
• Car Loan New four-wheeler/car loan for personal use up to 90% of vehicle cost or 30 Basic Pays + Dearness Pay + Special Pay, maximum 84 EMIs, interest rate 9.0% per annum, 10% margin required.
• Personal Loan Personal loan for confirmed government employees with minimum Rs. 25,000 to maximum Rs. 5 lakhs or 10 times monthly net salary, repayable in 48 EMIs, current interest rate 12% per annum. Used for education, marriage, travel, and medical expenses.
• Other Loans Various loan products including loans against gold ornaments/jewellery, consumer durable purchases, cash credit for traders, education loans for professional courses, auto-rickshaw/taxi/vehicle loans, overdraft facilities, and advances against National Savings Certificates.

Quantifiable outcome

• 79.97% loan recovery rate achieved in 2014-15
• +3 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• DICGC (Deposit Insurance and Credit Guarantee Corporation)coreOthersDICGC provides deposit insurance coverage to protect depositors. The bank displays DICGC information and provides flyers and posters about depositors' protection to customers.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Bandhan Bank: Universal bank with deep microfinance and rural banking roots, serving underserved segments across India. Comparable to KCCB in customer demographics (rural, low-income, agricultural) though significantly larger in scale and technology capability.
• Punjab National Bank (Gramin/Cooperative Segment): Large public sector bank with significant presence in Haryana's rural and agricultural lending market. Offers competing savings, deposit, and agricultural loan products to KCCB's target customers, with superior technology and scale.
• Uttar Pradesh State Cooperative Bank: Large state cooperative apex bank serving Uttar Pradesh's rural and agricultural cooperative network. Operates a much larger branch footprint but follows the same cooperative banking model, NABARD refinance channels, and member-owned structure as KCCB.
• State Bank of India (Rural Banking): India's largest bank with extensive rural and agricultural banking operations including Kisan Credit Cards and agricultural term loans. Competes with KCCB for the same farmer and rural customer base but offers full digital banking, ATMs, and nationwide branch network.

Emerging players

• Equitas Small Finance Bank: Small finance bank targeting underserved self-employed and small business customers with savings accounts, loans, and digital banking. Overlaps with KCCB's trader/SME financing segment and competes for similar retail deposit customers.
• AU Small Finance Bank: Small finance bank serving rural and semi-urban India with agricultural lending, vehicle loans, and SME finance products that directly overlap with KCCB's loan portfolio (Car Loans, Personal Loans, agricultural credit).
• ESAF Small Finance Bank: Small finance bank focused on rural and underserved segments in India, offering savings accounts, microfinance, and agricultural loans. Comparable to KCCB in serving financially excluded rural households but with superior digital infrastructure and broader product suite.
• Ujjivan Small Finance Bank: Small finance bank with strong microfinance and rural banking franchise, targeting underserved segments similar to KCCB's cooperative membership base. Both compete for the same financial inclusion customer in semi-urban and rural India.

Direct peers

• Haryana State Cooperative Apex Bank (HARCOBANK): HARCOBANK is the apex state cooperative bank for Haryana and KCCB's parent/umbrella institution. Both operate under the same cooperative banking framework, serve Haryana's rural and agricultural segments, and channel NABARD refinance - making them directly comparable in business model and regulatory positioning.

Regional players

• Punjab State Cooperative Bank: Peer apex cooperative bank in neighboring Punjab, serving the same North Indian agricultural cooperative banking segment with comparable product suites (deposits, Kisan Credit Card, agricultural term loans) and member-owned governance. Operates in a different state but directly comparable in structure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/kurukshetra-central-cooperative-bank-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 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 Kurukshetra Central Cooperative Bank Limited