THE Mattancherry
SARVAJANIK CO-OPERATIVE BANK LTD
(RBI licensed Urban Bank)
The Mattancherry Sarvajanik Co-operative Bank Ltd., No.3284, Kochi-682002 was registered on 7th March,1953. Area of operation of the bank is-in the Eastern side up to Willingdon Island ,North-Kalamukku Bus stop of Vypin Pallippuram Road, West-Arabian Sea and South-Edacochin ManakkurChira of Chellanam Panchayath.
The parental institution, predecessor of this bank was the Mattancherry Saraswath Co-operative Bank Ltd., No.217, Kochi, registered in the erst-while Cochin State in the year 1106 M .E., Under the Regulation No.4 of 1088 M .E.
The said society was purely a communal one and only persons belonging to the Gowda Saraswath Brahmin Community were admitted as members. It worked successfully for 23 years and built up a large clientele and good resources of its own. When the Travancore Cochin Co-operative Act X 1953 came in to existence the said Mattancherry Saraswath Co-operative Bank Ltd., No.217 went in to voluntary liquidation in the year 1953 as the continuance of communal societies was ultra vires of the said act.
So the members of the society joined together and registered a separate society under the T.C.Co-operative Societies Act, X of 1952, by name the Mattancherry Sarvajanik Co-operative Bank Ltd., No.3284 and got enrolled 527 members and started its operations on 16th March, 1953, with a princely sum of Rs.13000.00 as share capital. The Late Sri. N Govinda Pai was the first president to be followed by Sri. G Vasudeva Shenoy in 1954.
"The Mattancherry Sarvajanik Co-operative Bank Ltd. No.3284 (The MSC Bank Ltd.), was registered on 7th March 1953. A West Kochi based premier co-operative Bank, cater to a huge clientele of this area. The Bank earned the name as 'Common Man's Bank'. We are dedicated in providing excellent service to our customers thereby enhancing the Business of the Bank."