First decade of 20th century was a very important era in the history of Co-operation for entire country and Surat District as well. Many Co-operative institutions were initiated during this period. First Co.op. Society in Surat District was registered at Degam, Taluka Chikhli on 23-5-1906 (Now in Bulsar District).
In the year 1909, with the efforts of Late Shri B.A.Modi and Late Shri K.G.Desai. The Surat District Co.op.(Urban) union Ltd., was registered on 17-6-1909. It was the institution which is later on known as THE SURAT DISTRICT CO.OP. BANK LTD.
In the year 1921, this society had undertaken banking activities in absolute terms. In 1923 The Surat District Co.op. (Urban) union was converted into The Surat District Co.op. Bank Ltd., The work extended to the entire Surat District, which had 21 talukas and a vast working area with geographical variation. The coastal area which included city of Surat and towns like Navasari – Bulsar – Bilimora, the fertile flat land and sizeable tribal area with hills and dense forests.
The Vast Surat District was bifurcated in1965 and district of Bulsar was separated. At present there are 15 talukas in the Surat district, of which 9 are in the tribal area.
Bank is having separate department for agriculture advances since 1944, and become an effective central agency for Co-ordination and smooth flow of finance to Co-operative sector in the district.
Recruitment For Manager/Civil Engineer/Physical handicap for Clerical position
Post Date: 19/07/2016
Company Name: The Surat District Co-Op. Bank Ltd.
Job Location: Surat and Tapi District
No. of Vacancy:
Designation: Manager/Civil Engineer/Physical handicap for Clerical position
Minimum Experience:
Salary:
Last Date: 26/07/2016
Recruitment For Clerical Post
Post Date: 11/07/2016
Company Name: The Surat District Co-Op. Bank Ltd.
Job Location: Surat and Tapi District
No. of Vacancy:
Designation: Clerck
Minimum Experience: Fresh Graduate with second class and above
Salary: 1st year Rs 10000.00, 2nd year Rs 12000.00(No Other benefits)
Last Date: 20/07/2016
The Surat District Co-Op. Bank Ltd. Recruitment of Clerical Cadre
The Surat District Co-Op. Bank Ltd. welcomes application for Recruitment of “Clerical Cadre”. Candidates must be a Graduate from any Discipline and from Recognized University for Clerks Recruitment 2016.Candidates having certificate of doing a computer course or should have studied computer as one of the subjects in their High school/College/Institution will be higher prioritize.
Recruitment For Clerical Post
Post Date: 14/07/2012
Company Name: The Surat District Co-Op. Bank Ltd.
Job Location: Surat/Tapi District
No. of Vacancy: 150
Designation: Clerck
Minimum Experience: Fresh Graduate with second class and above
Salary: 1st year Rs 6000.00, 2nd year Rs 7000.00(No Other benefits)
Last Date: 24/07/2012
The Surat District Co-Op. Bank Ltd. Recruitment of Clerical Cadre
The Surat District Co-Op. Bank Ltd. welcomes application for Recruitment of “Clerical Cadre”. Candidates must be a Graduate from any Discipline and from Recognized University for Clerks Recruitment 2012.Candidates having certificate of doing a computer course or should have studied computer as one of the subjects in their High school/College/Institution will be higher prioritize.
Click Here : The Surat District Co Operative Bank Recruitment
Co-Operative Organizations like :-
- The Surat District Milk Producers Co-op. Union Ltd.(SUMUL),
- The Purushottam Farmers Co-op. Ginning & Pressing Society Ltd.,
- The Surat Distrcit Co-op. Spinning Mills Ltd.,
- The Surat Jilla Sahakari Sale & Purchase Union.,
- The Surat Central Co-op. Stores Ltd.,
- Cotton Co-op Socities of Olpad Taluka,
have since been developed and Bank has provided timely assistance to them. During this period, Forest Labourers Co-op. Societies were also very active in tribal area and were engaged in coop cutting activity for which substantial finance was provided to them.
After 1956 when Shree Khedut Sahakari Khand Udyog Mandali Ltd., Bardoli came into existence, the entire Surat District gradually became a sugar belt. All existing eight sugar factories had toothing financial troubles in the beginning, However, Bank had provided them enough finance as also assisted even for meeting share capital also. By lapse of time Sugar cane has now become principal crop in the district and out of total cultivable area of 490000 hectares 83191 hectares is under sugar cane cultivation. This revolution in agriculture was amply supported by The Surat District Co.op. Bank Ltd., These factories have become main strength of the economic structure of the district, particularly for farmers. All together these factories have a crushing capacity of 35500 tons per day. Annual sugar production exceeds Rs.880/- crores. Bank has sanctioned enough financial limits to this sector. Now a days, bank has started financing projects for Drip irrigation, Medicinal crops, Fishery, Green house etc. and would like to escalate the same on substantial extent. As per the instructions/ guidelines of NABARD, of-late, Bank has also started financing to the Non-farm sector including textile industry.
Bank has been enjoying privilege of having prominent citizens in fields like Social, Co-operation and Agriculture, on its Board. The present and former members of the Board included outstanding Lawyers, Members of Parliament, District Panchayat Presidents, Mayor of Surat City and Leaders from various walks of life including Ministers.
In the year 1965 The Surat District Co-op. Bank was separated after formation of Bulsar District from old Surat District. After separation bank’s Financial Position is as under.
| No. Of Branches | 15 |
| Share Capital | Rs. 0.22 Crores |
| Reserves | Rs. 0.09 Crores |
| Deposits | Rs. 3.06 Crores |
| Advances | Rs. 1.71Crores |
Management :
Since 1965 the structure of Board of directors has remained unchanged. In all, at present there are 22 members on the Board as under.
| One director from each Taluka | 14 |
| Two individual directors | 2 |
| One director from Surat city | 1 |
| Three nominated director from state government | 3 |
| One director from The Gujarat State CO-OP. Bank Ltd. | 1 |
| District Registrar (Co.op.Societies), Surat | 1 |
| TOTAL MEMBERS | 22 |
Past Chairman of the Board Shri P.K.Desai was awarded “Kaka Saheb Gadgil ” award for his outstanding services to the society and was also awarded by the Gujarat State Co.op. Union by “Sahakari Award “. Shree Popatbhai Vyas, the former Director on the borad, remained as Home Minister of the State. Shree Dilipbhai Bhakta, who remained Chairman of the Bank from 2001 to 2016 was awarded “Sahakarita Shiromani Award” by KRIBHCO in 2009-10. Since April 2016 Mr. Nareshbhai Bhikhabhai Patel – a Prominent Co operator has taken the charge of the Bank as a Chairman. He is also a Director in SUMUL dairy since last 5 years.
Bank has been also committed for overall upliftment of the society. Donations of lacs of Rupees are given to the Hospitals, Schools, Colleges and Social Charitable Institutions. Also a separate fund has been created for donations to the Educational organizations only. Another Trust is also created for Donation to the Charitable and Social Service organizations viz. Surat District Co-operative bank Charitable Trust. Bank has donated lacs of Rs. for the ultimate benefit of people affected with natural calamities to the different organization setup, for betterment of medical education etc.
Management has always remained progressive, be a challenge after Bank Nationalization introduction of nonfarm advances, introduction of New banking concepts in liberalized economy.
Board has formed committees for loans, staff matters, Legal matters etc. Powers have been delegated appropriately to smoothen day to day working.
Deposits :
Growth of deposit was steady and in harmony with Advances. At the end of March 2016 deposit of bank was Rs. 4462.67 crores.
Advances :
It is obvious true as the major crop of the district is sugar cane. There are 8 sugar factories in Co-operative sector, which have a turnover exceeding Rs.1305.69/- crores and as such, bank’s major share goes to this sector. Major chunk of advances goes to sugar sector earlier.
In the last decade, bank has gradually paid more attention to non agriculture and Individual advances. New schemes, to finance for consumer durables, vehicles, House construction, professional loans also have been introduced. More attention is paid to develop banking rutine business also. Bank has actively taken up the steps for diversification of Loan portfolio. Powers are deligated to the branch Managers to sanction loans up to Rs.5,00,000/- for “A1-Grade branch and Rs.3,00,000/- for ‘B’ Grade branch under individual nonfarm sector loans. Also powers are deligated to the branch Managers to sanction loans up to Rs.1,00,000/- of all branches under individual farm sector loans which is also increased up to Rs. 2 lacs.
The position of advances at various stage is as under : (Rs.in lacs)
| Year | Total Advances |
| 1965 | 2.45 |
| 1985 | 45.03 |
| 1995 | 216.77 |
| 2005 | 245.92 |
Conclusion :
Bank has assisted all type of co. operative institutions and farmers in hours of crisis.
In a natural calamity like floods, riots etc bank has assisted people of society oftenly. Bank has made remarkable progress during last 108 years and has successfully overcome the challenges . Bank’s ,management and staff has worked hand to hand. Mutual confidence between staff union and management has benefited the organization. The bank was judged as best bank by NABARD & Best performance award for the year 1995-96 was awarded by NABARD. Bank has always been securing Audit classification under category ‘A’ and has paid highest permissible dividend under state co.op. Act. To its members.
Under the new environment of liberalization bank has to plan for modernization of its activities. To keep a pace with modern banking system, bank has accepted to go for Automation of banking work, at present all 67 branches are computerized. To mitigeded the customer’s requirement of prompt service bank has plan for ancillays business like gold coin selling, work related to General insurance and life insurance has also started.