NARAYANAGURU URBAN CO OPERATIVE BANK LTD

Rooted in Udupi's Heritage, Banking for the Community Since 2002

History

About the Founder

Narayanaguru Urban Co-operative Bank has started with the help of common minded people whose aim was to help the needy though co-operation. We received our banking license from the Reserve Bank of India on 13-12-2002 and started banking business with a fully computerized Branch opened in the centre of Udupi District on 03-04-2003. We are popularly known as NGUC Bank or Narayanaguru Bank.

Our Journey

We have started the banking business with an aim of commitment towards customer satisfaction and development. The Bank has opened its Karkala Branch on 07-10-2013, and it has shown good growth while giving good services to the customers.

Today, Narayanaguru Urban Co-operative Bank Ltd. is a fully computerised, customer-friendly institution proudly serving the people of Udupi District with dedication and transparency.

2002

Banking License Received

6000+

Members

02

Branches

Our Mission

Prosperity through Co-operation
We have succeeded in reaching every end of the society irrespective of all social status and tried to reach the people who were away from the reach of socio-economic and financial institutions.
By opening accounts of people who once thought banking was only for the elite class.
Your Trust is our Asset.

Our Vision

Strategic objectives guiding Narayanaguru Urban Co-operative Bank

Reduce the Operating Cost

The Bank plans to decrease the total operating cost. If operating expenditure is more than 200% of Non-Interest Income, it casts a burden on the major interest margin — the Bank aims to bring this down to around 150%.

Focus on Recovery

Quality of loan assets has a major impact on the profit & profitability of the Bank. Focus on recovery of all Non-Performing Assets (NPA), including overdue accounts, is a key priority.

Absorb Technology at a Faster Pace

The Bank provides Core Banking Facilities to its customers and is continuously working towards expanding ATM, Mobile Banking & Internet Banking services.