LOKMANGAL CO-OPERATIVE BANK LTD.

The first organized, publicly held venture of the Lokmangal Group, the Lokmangal Co-operative Bank was set up in 1998. As a bank that has been consistently classified with a grade A from the Reserve Bank of India from the beginning, it has become, in many respects, a role model for other small and medium size financial institutions to emulate. Apart from significant contributions to entrepreneurship development, agricultural reforms, employment generation and socio-cultural development programs, the Bank functions on a fully-computerised banking service. Employees attend in two shifts running all week, yielding 12 straight working hours, delivering 365 days of banking services! Lokmangal Co-Operative Bank Ltd. 

Shareholders of the Lokmangal Co-Operative Bank have reaped rich dividend for aggregating to Rs 167 on every Rs 100 share for 14 consecutive years. Apart from mainstream banking facilities, Lokmangal Co-Operative Bank Ltd. offers services such as doorstep delivery and collection for senior citizens and the differently abled, lockers, electricity, telephone and mobile bill payments, RTGS and NEFT. 

Performance Report from 2008-09 to 2012-13

Particulars 2008-09 2009-10 2010-11 2011-12 2012-13
  Total Share Holders 4247 5152 5392 5596 5678
  Shares Capital 287.11 413.88 457.97 599.80 680.88
  Reserved Funds 484.13 532.07 662.38 787.04 916.15
  Total Deposit 7308.75 11144.18 12703.84 15404.67 20207.31
  Total Loan 4396.97 6790.50 7909.02 9259.42 12183.96
  Net Profit 101.63 102.03 105.07 120.07 154.25
  Working Capital 8318.25 13180.27 14275.40 17282.38 22631.17
  Audit Class A A A A A
  Dividend 12% 12% 12% 12% 12%
  N.P.A % 2.64% 5.89% 3.37% 3.82% 2.16%