Panangad
Service Co-operative Bank
Panangad Service Cooperative Bank Ltd No. 3928 is a co-operative institution founded by Mr. Kerala Varma Raja of Kozhikode Zamorin clan who left an indelible mark in the history of Kerala. The Bank has been able to serve all sections of the people of Panangad since it was registered as "Paraspara Sahaya Sangham" on 23rd October 1919 and started its operations on 23rd November 1919 in Panangad Panchayat, a hilly village in Kozhikode district, Kerala, our bank has been a pillar of support for the local community for over a century.
Over the years, we've grown to serve you better, and today, we proudly operate four branches across the panchayath. Our commitment to excellence and unwavering dedication to our members have allowed us to continually earn net profits, ensuring the financial well-being of our members.
We are proud to announce that Panangad Service Co-operative Bank has achieved the prestigious Class 1 Special Grade status, a testament to our financial stability, ethical practices, and commitment to our members' welfare.

At Panangad Service Co-operative Bank, we understand that your financial needs are unique. Our mission is to provide a wide range of banking services that cater to the diverse requirements of our community. Whether it's savings and deposit accounts, loans, or digital banking solutions, we are here to serve you with efficiency and care.
As a cooperative bank, we believe in the power of unity and mutual support. We are not just a bank; we are a community that thrives on trust and cooperation. Your financial goals are our priority, and we are here to help you achieve them.
Thank you for choosing Panangad Service Co-operative Bank as your trusted financial partner. Join us in building a brighter and more prosperous future for you and your community.
"To be the driving force behind positive socio-economic change, empowering members and communities through accessible and ethical financial services."
We are dedicated to empowering individuals and communities by providing inclusive and responsible financial solutions that foster economic growth and social upliftment.
Our mission is to ensure that financial services are accessible to all, regardless of their economic background. We strive to bridge the gap between financial inclusion and marginalized communities.
We are committed to upholding the highest ethical standards in our operations, ensuring transparency, honesty, and accountability in all our interactions. Our customers can trust that their financial well-being is our top priority.
We actively engage in community development initiatives that focus on education, skill development, and empowerment. We believe that a strong community is the foundation for sustainable progress.
We collaborate with governmental and non-governmental organizations, local businesses, and other stakeholders to create a synergy that maximizes our impact and extends our reach.
We embrace innovation to continuously enhance our services and adapt to the changing needs of our customers. By leveraging technology, we provide efficient and user-friendly solutions.
Our commitment to social responsibility extends beyond financial matters. We actively participate in initiatives that promote environmental sustainability, social justice, and overall well-being.
Together, our vision and mission drive us to be more than just a bank – we are a catalyst for positive change, driving economic growth while uplifting the social fabric of the communities we serve.