Latur District Central Co-Op. Bank Ltd., Latur

Pioneering progress through financial inclusion

Established in 1984 with a vision to boost industrial development in Maharashtra’s agro-industry, Latur District Central Co-operative Bank Ltd. (LDCC) has been working on mechanization, turning traditional practices into modern avenues of growth.
Established in 1984 with a vision to boost industrial development in Maharashtra’s agro-industry, Latur District Central Co-operative Bank Ltd. (LDCC) has been working on mechanization, turning traditional practices into modern avenues of growth.

About LDCC

Latur District Central Co-operative Bank, Latur, is an institution registered under Section 9 (1) of the Maharashtra State Co-op. Societies Act, 1960 (Maharashtra Act No. 24 of 1961). Under Section 12(1) of the above Act and under Rule No. 10(1) of the Maharashtra State Co-op. Societies Rules, 1961 the classification of the institution is Co-op. Bank, Sub-classification Central Bank. LDCC Bank received its banking license from RBI, Mumbai, on RPCD(MRO).1252/18.01.038/. The bank is headquartered at Latur.
The various schemes of the bank have benefited numerous farmers, providing crop loans along with extending credit to unions, women’s self-help groups, and educational loans for students. These initiatives have led to significant improvements in the farmers’ living standards.

The bank has embraced modern banking practices, offering services like ABB, RTGS/NEFT, Bharat QR, BBPS and KCC among others. Additionally, the Latur District Central Co-operative Bank also offers UPI, IMPS, micro-ATM, mobile banking, Internet banking, SMS alerts, missed call alerts, green PIN service, mobile ATM Van and ATM facilities, further enhancing convenience for customers in rural areas. The Bank is certified to provide loans.

Vision

To consolidate our position as a leading and forward-looking bank in the 21st century, embodying successful management, modern ideals, community-centric operations, accessibility and promptness.

Mission

To provide financial support to our associated institutions, farmers, depositors, debtors and customers, fostering their financial progress and elevating their quality of life. Through comprehensive outreach, training and social initiatives, we aim to maintain our district's leadership across the financial, social, educational and cooperative domains, and contribute to the prosperity of our state and nation.

Vision

To consolidate our position as a leading and forward-looking bank in the 21st century, embodying successful management, modern ideals, community-centric operations, accessibility and promptness.

Mission

To provide financial support to our associated institutions, farmers, depositors, debtors and customers, fostering their financial progress and elevating their quality of life. Through comprehensive outreach, training and social initiatives, we aim to maintain our district's leadership across the financial, social, educational and cooperative domains, and contribute to the prosperity of our state and nation.

Awards

Award Name Organization Year
Banking Frontiers, Mumbai- FCBA Award (2023) Excellent Investment 2022-23
Banko Blue Ribbon Award Excellent Economic Management 2022-23
Maharashtra Co-Op. Banks Association, Mumbai Vaikunthbhai Mehta Award for
Excellence In Financial Management
2021-22
National Bank For Agriculture And Rural Development (NABARD) Best SHG Performance Award 2021-22
Banko Blue Ribbon Award Excellent Economic Management 2021-22
Banking Frontiers, Mumbai- FCBA Award (2022) Best NPA Management 2021-22
Banko Blue Ribbon Award Excellent Economic Management 2020-21
Banking Frontiers, Mumbai- FCBA Award (2021) Best Turnaround Bank 2020-21
Banking Frontiers, Mumbai- FCBA Award (2021) Best Credit Growth 2020-21
Maharashtra Times Excellent Economic Management
National Bank For Agriculture And Rural Development (NABARD) Excellent Economic Management
Banking Frontiers, Mumbai- FCBA Award (2020) Excellent Investment 2019-20
Aviz Publication Kolhapur Banko Awards Best Financial Management (Third Prize) 2019-20
Aviz Publication Kolhapur Banko Awards Excellent Economic Administration (First Prize) 2018-19
Aviz Publication Kolhapur Banko Awards Excellent Financial Management (Distinguished Award) 2017-18
Aviz Publication Kolhapur Banko Awards Excellent Economic Administration (First Prize) 2016-17
Banking Frontiers, Mumbai- FCBA Award (2015) Excellent Customer Service 2016-17
Banking Frontiers, Mumbai- FCBA Award (2017) Outstanding Chief Executive Officer 2016-17
Banking Frontiers, Mumbai- FCBA Award (2017) Excellent NPA Administration 2016-17
Aviz Publication Kolhapur Banko Awards Excellent Economic Administration (First Prize) 2015-16
Banking Frontiers , Mumbai FCBA Awards-(2015) Excellent Deposit Growth 2014-15
Aviz Publication Kolhapur Banko Awards Excellent Economic Administration (First Prize) 2013-14
Aviz Publication Kolhapur Banko Awards Best Financial Management (Third Prize) 2012-13
Banking Frontiers, Mumbai- FCBA Award (2013) Excellent Core Banking System Implementation 2012-13
National Bank For Agriculture And Rural Development (NABARD) Implementation of Excellent Core Banking System 2013-14
National Bank For Agriculture And Rural Development (NABARD) Best S.H.G. Linkage 2010-11
Maharashtra Co-Op. Banks Association, Mumbai Vaikunthbhai Mehta Award for
Excellence In Financial Management
2009-10
Maharashtra Co-Op. Banks Association, Mumbai Vaikunthbhai Mehta Award for
Excellence In Financial Management
2008-09
Maharashtra Co-Op. Banks Association, Mumbai Vaikunthbhai Mehta Award for
Excellence In Financial Management
2007-08
National Bank For Agriculture And Rural Development (NABARD) Best S.H.G. Linkage 2006-07
Maharashtra Co-Op. Banks Association, Mumbai Vaikunthbhai Mehta Award for
Excellence In Financial Management
2006-07
Maharashtra Co-Op. Banks Association, Mumbai Vaikunthbhai Mehta Award for
Excellence In Financial Management
2002-03
Maharashtra Co-Op. Banks Association, Mumbai Vaikunthbhai Mehta Award for
Excellence In Financial Management
1998-99
Maharashtra Co-Op. Banks Association, Mumbai Vaikunthbhai Mehta Award for
Excellence In Financial Management
1997-98
Maharashtra Co-Op. Banks Association,
Mumbai Incentive Based On Financial Criteria
Vaikunthbhai Mehta Award 1995-96
Maharashtra Co-Op. Banks Association, Mumbai Vaikunthbhai Mehta Award for
Excellence In Financial Management
1993-94
Government of Maharashtra Cooperation Bhushan Award (2017) 2016-17
Government of Maharashtra Sahkar Nishtha Award (2016) 2015-16

Achievements

Particulars Achievement March 2023 Achievement March 2022 Achievement March 2021
No. of Branches 121+1(HO) 121+1(HO) 121+1(HO)
Share Capital 16402.55 12885.53 11501.61
Deposit 382777.52 359085.86 322961.91
Borrowings 56098.60 19371.60 20000.00
Loan & Advances 350865.73 218682.30 214562.49
Investment 120162.89 181417.87 147705.02
Profit/Loss 2522.83 1173.99 996.35
Per Employee Business 1307.74 1011.85 922.00
Per Branch Turnover 6013.47 4735.80 4405.94
C.R.A.R 10.97% 13.40% 13.43%
Networth 51146.17 41445.47 37645.75
Working Capital 508486.18 437028.13 398152.27
Audit class A A A