Welcome to Malappuram’s Own Bank
This bank was registered as MALAPPURAM DISTRICT CO OPERATIVE BANK LTD. No 4329 and came into existence on 16th March 1970. MDCB has contributed immensely to the development of the district by providing credit to the needy. The bank is governed by a democratically elected Board Of Directors by its member societies as per the Co operative Act. The alotted strength of the Board is Eighteen. The bank is headed by the President and aided a Vice President . The General Manager is in charge of the day to day activities of the bank and directs the bank to its goals. The General Manager in turn is assisted by three Deputy General Managers (DGM) viz. DGM (General), DGM (Loans and Advances) ,DGM (Planning and Development) who are incharge of the various Sections of the bank and aid the General Manager in discharging his duty. These sections are headed by their respective Superintendents. Being a middle tier refinancing agency in the Short Term Credit Structure we provide Short Term credit to farmers through our member societies.
We are committed to the development of the district by bringing the banking services to the door step of the poorest of the district and to bring smiles of satisfaction on all inculcating the spirit and philosophy of co operation.
The Malappuram Revenue District came into existance on 16th June 1969. On the first day of July 1970, the district was proud to have it own District Co operative Bank called THE MALAPPURAM DISTRICT CO OPERATIVE BANK LTD, No: 4329 (MDCB) with a few branches of the Kozhikode and Palakkad DCBs.
The Bank was started functioning with a modest number of four branches and 163 member societies. Initially the Bank’s share capital was Rs. 32.40 lakhs, deposit Rs. 58.91 lakhs and loans and advances Rs. 201.55 lakhs.
MDCB functions as the central financing agency of the cooperative banking sector in Malappuram District. In addition to providing all kinds of agricultural and non agricultural loans to the member societies, the Bank also provides industrial loans, consumption loans, loans for construction of building, vehicle loans, gold loans, overdrafts and cash credits to the individuals and institutions.
Since its formation, the District Co-operative Bank has been able to play a vital role in the progress of the Malappuram District by proactively involving in the government sposored schemes such as Kudumbashree, EMS Housing scheme, KESRU, Indira Awas Yojana, etc.
The bank has also been able to accelerate the employment opportunities in the District by advancing loans to certain major projects such as hospitals, tourist hotels and other industries. The bank also provides financial assistance through its member societies, for increasing agricultural production and for creating more job opportunities.
We obtained the RBI lisence (RPCD.KL 81-C) on 24/02/1997.
MDCB was the implementing agency of the Integrated Cooperative Development Project (ICDP) aimed at the overall development of the cooperative sector with in the District which was implemented from January 2000. The societies functioning in the four sectors viz. agriculture sector, agriculture allied sector, Rural Industrial sector and cooperative Banking sector were benefitted heavily through the above project in improving their infrastructure.
The bank also contributes towards benevolent causes in the socio-cultural spheres of the District by donating to the Pain and Palliative clinics, Kidney Foundations, etc of this district for the treatment related expenditure of patients.
In addition to taking adequate steps for the development of the agricultural, industrial, and health care sectors of the district, steps are also afoot to equip the Bank with latest Information Technology tools so as to cater to the changing needs of the customer and banking industry. The bank sucessfully completed the implementation of the Core Banking Solution under the aegis of NABARD in 2013 and is all poised to provide modern banking services in addition to the conventional services redered by the bank.
As on 2016, we have achieved a business volume of more than Rs. 5000 crores with 54 branches spread accross the district.
As we march ahead on the road of prosperity we cherish the contributions of all our past Presidents, General Managers and employees which also has in part made all this posible.