Tamilnadu Industrial Co Operative Bank Limited
Financial Services
Banking services
About Tamilnadu Industrial Co Operative Bank Limited
In the year 1958, the “Working group on Industrial Co-operatives†was set up by the Government of India and recommended for establishment of a separate Bank at state level exclusively to cater the financial needs of the Industrial Co-operative societies. Madras State Industrial Cooperative Bank was organized and registered on 13.9.1961 under Tamilnadu Cooperative Societies Act which was the ‘Brain Child’ of Thiru R. Venkatraman, the then Industries Minister of Tamilnadu and latter the President of India.
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