Kerala Bank to be No.1 in state, says CM
Thiruvananthapuram: Chief minister Pinarayi Vijayan stated that the Kerala Bank will become one of the number one banks in the state. Kerala Bank will function in a professional way as per the guidelines of the Reserve Bank and will be part of the developmental activities of the state, the chief minister said here on Friday.
The chief minister was addressing media after the first administrative committee of the Kerala Bank assumed office. He also announced that CPM state committee member Gopi Kottamurikkal was elected as the chairman and MK Kannan as vice chairman.
"The formation of Kerala Bank is a glad news for the cooperative societies in the state. Only one district is not part of the bank. After receiving approval from RBI, expats will able to send money through Kerala Bank. Many facilities will be available in this system. So, those who are not part of the bank also should join it to enjoy the benefits," the chief minister said.
Kerala Bank was formed on November 26, 2019 after merging district banks with the state cooperative bank. An interim administrative committee headed by the cooperative department secretary was in charge of the bank for a year. The period of this committee expired on Thursday.
14 members were elected as the representatives of primary agriculture cooperative societies and urban bank. One member each were elected from every district except Malappuram as the representatives of agriculture cooperative societies. As Malappuram district bank has not merged with Kerala bank, no representative was elected from the district.
The winning representatives of primary agriculture cooperative societies are as follows: Adv S Shajahan (Thiruvananthapuram), Adv G Lalu (Kollam), S Nirmala Devi (Pathanamthitta), M Sathyapalan (Alappuzha), KJ Philip (Kottayam), KV Sasi (Idukki), Adv Pushpadas (Ernakulam), MK Kannan (Thrissur), A Prabhakaran (Palakkad), P Gagarin (Wayanad), E Ramesh Babu (Kozhikode), KG Valsala Kumari (Kannur) and Sabu Abraham (Kasaragod).