The Gujarat State Cooperative Bank is a Scheduled Bank (Registered under the Gujarat Cooperative Societies Act 1961) having requisite Banking License with Head Office located in Ahmedabad. As an Apex bank it serves the credit and financial needs of nearly 28 Lakhs farmers of 9402 PACS through the 18 District Central Cooperative Banks (DCCBs).
GSCB is committed to rural and agriculture development through the vast network of short term cooperative credit structure spread throughout the State of Gujarat. GSCB stands for three tier structure, prosperity and cooperative principles. GSC Bank provides retail banking services to its customers through a network of 33 branches in Ahmedabad, Gandhinagar, Halvad & Gandhidham.
The Gujarat State Cooperative Bank was established in year 1960 and registered under the Gujarat Cooperative Societies Act 1961. Since its inception GSC Bank has served the needs of millions of farmers across Gujarat. Since 2013, GSC Bank has ventured into Retail banking & is continuously expanding its reach to serve more & more people.
GSC Bank is a pioneer of many new products & services. Our team strives for excellence with a customer centric approach, an openness to change, & adopts the latest and modern banking technologies. These efforts are being recognized & GSC Bank has been receiving awards consistently from NABARD, Government of Gujarat, NAFSCOB & others for its pioneering efforts in technology, best cyber security measures, best overall performance and corporate governance. It has been receiving such awards in the past as well as for last five consecutive years.
The PACS of the DCCBs and its member farmers can flourish economically when they take up other business activities over and above agricultural activities. Other than arranging exposure visits of the PACS secretaries of different districts to the multi service / good working PACS, GSCB in co-ordination with NABARD provides financial incentives and extensive guidance to the CEOs and the officials of the DCCBs through training seminars with a view to aspiring them encourage their affiliated PACS to function as Multi Service Societies (MSCs).
The Bank has given assistance/grant of Rs. 20 Lacs to each DCCBs to purchase vehicles for the purpose of recovery and to spread awareness on financial literacy, digital banking channels & other initiatives of the banks to the farmers as well as general public at the village levels. GSC Bank provides financial support for conducting street plays on benefits of Financial Inclusion in KHEDUT SHIBIRs.
The Bank regularly conducts special awareness seminars for all the cooperative banks of Gujarat on subjects like Government’s initiatives & schemes for farmers, cyber security for fraud prevention, financial inclusion, latest technologies etc.
GSC Bank pioneered the use of technology to establish a Technology Umbrella under which all smaller Co-operative banks can become the sub-members of GSC bank and can offer the latest services like RTGS / NEFT, CTS, DBT, CSGL and other NACH services to their customers. With this solution sub member banks can provide latest services using GSC Bank’s technology infrastructure without having to invest heavily in creating their own infrastructure.
Many DCCBs fall in the category of weak banks with very low CRAR & Profitability. To such banks GSCB renders constant guidance, monitoring, weekly review and an inspection team headed by a manager. With this initiative 5 weak banks were uplifted & they have also received the banking license. With our constant & rigorous efforts now all DCCBs of the state are having a Banking License. These efforts are vigorously continued so that all DCCBs can stand in competition with the other banks & contribute in economic growth & financial inclusion
Ahmedabad has become a major hub for trading and is home to world class medical facilities. Close proximity to Gandhinagar makes it an ideal place to stay. Especially for farmers who visit Ahmedabad or Gandhinagar for any work related to the Government or trading or any medical / special needs, GSC Bank has established a Farmer’s Hostel having 58 rooms and a capacity of 300 persons with in house catering facility provided at concessional rates. By establishing / providing such facility Bank’s aim is to provide a comfortable, secure and affordable accommodation in Ahmedabad city to the needy farmers.
GSC Bank has established a big auditorium at its Head Office. The state of art auditorium has a capacity of seating 400 people and is fully equipped with latest audio / visual / digital display devices. Meetings, awareness seminars, award functions, indoor games & a host of other functions are held regularly in the auditorium not only by GSC Bank but by other cooperative banks & public sector institutes.
Chairman
Dear Friends,
The cooperative sector in the country has been active since the past 115 years in the country and has been playing distinct and significant role in the process of socio-economic development of the country and also for the upliftment of the farmers and poor people of the country. Therefore, cooperatives have been accepted as the best agency for agricultural credit with their organizational potential to reach millions of farmers and thereby establish the grass-root contacts. Cooperatives institutions are one of the major economic force in developed countries and a powerful business model in developing countries like India.
A three tier short term cooperative credit structure (STCCS) consisting of Apex Bank at State-level, Central Cooperative Banks at the district-level (DCCBs) and Primary Agricultural Credit Societies (PACSs) at village level are in vogue to meet the short-term and medium-term credit requirements of agriculture and rural economy.
GSC Bank is not only an Apex Bank for the State of Gujarat, but a premier Co-operative Bank and has initiated many fold steps for strengthening Cooperative Credit Structure & Cooperative Banking Sector in the entire country.
The decision of the Central Government by offering the banking industry in Liberalization, Privatization and Globalization adoption has given rise to new challenges. Further, this decision of the Government has opened new challenges and privatization of the bank industry. As a result all the Cooperative Banks, have to find ways and means for improving the quality of their products and services by implementing the computerisation as well as the technology in their banks. GSC Bank realizes the importance of Technology in banking and considering the requirement of huge cost for building the entire system, it has set up a Technology Umbrella under which District Coop. Banks and smaller cooperative banks are made sub-members of the Bank so that these small banks can also offer latest technological services to their customers. With support from NABARD we have implemented new technologies to be up to date & be in compliance with all the latest requirements of cyber security & fraud prevention.
Our unique initiatives are helping spread awareness on financial inclusion, welfare schemes of the Government, cyber safety, fraud & risk management and latest developments not only to cooperative banks in Gujarat but till the end users at grass root levels.
GSC Bank aims to promote a sound, strong and vibrant cooperative credit structure in Gujarat for upliftment of the small and marginal farmers and rural masses and become an active & a leading partner in the progress of the state and contribute to its economic and social development.
Our vision is to be the top most cooperative bank in the country through able leadership, innovative and affordable banking products, use of latest technology, great team work and implementation of best practices.
Let us all strive in taking GSC Bank “TO GREATER HEIGHTS”.
| SR NO. | PARTICULARS | 2018-19 | 2019-20 | 2020-21 | 2021-22 | 2022-23 |
|---|---|---|---|---|---|---|
| 1 | SHARE CAPITAL | 34.95 | 36.31 | 37.31 | 39.78 | 40.66 |
| 2 | RESERVES AND OTHER FUNDS | 744.64 | 746.21 | 872.74 | 998.32 | 1102.56 |
| 3 | TOTAL ADVANCES | 6711.90 | 6706.26 | 6097.98 | 7792.71 | 8362.36 |
| 4 | DEPOSITS | 6554.60 | 7566.48 | 8899.27 | 10069.21 | 10611.88 |
| 5 | PROFIT / LOSS | 42.94 | 31.73 | 54.41 | 105.17 | 105.59 |
| 6 | DIVIDEND | 15% | (-) As per RBI Guidelines | 15% | 15% | 15% |
| PARTICULARS | PREVIOUS YEAR | CURRENT YEAR |
|---|---|---|
| BALANCE SHEET | 31.03.2022 | 31.03.2023 |
| CAPITAL | 3977.75 | 4065.85 |
| RESERVES & SURPLUS | 99831.85 | 110256.30 |
| DEPOSITS | 1006921.08 | 1061187.97 |
| BORROWINGS | 436391.51 | 420973.25 |
| OTHER LIABILITIES | 36379.95 | 39597.22 |
| TOTAL LIABILITIES | 1583502.14 | 1636080.59 |
| CASH AND BANK BALANCES | 204364.02 | 303101.14 |
| INVESTMENTS | 508235.62 | 439665.62 |
| LOANS AND ADVANCES | 779271.23 | 836235.79 |
| OTHER ASSETS | 91631.27 | 57078.04 |
| TOTAL ASSETS | 1583502.14 | 1636080.59 |
| PROFIT & LOSS ACCOUNT | ||
| INTEREST INCOME | 80030.51 | 87538.68 |
| OTHER INCOME | 2281.83 | 3822.22 |
| TOTAL INCOME | 82312.34 | 91360.90 |
| INTEREST EXPENDITURE | 52766.84 | 62028.05 |
| OTHER EXPENDITURE | 19028.64 | 18773.49 |
| TOTAL EXPENDITURE | 71795.48 | 80801.54 |
| PROFIT/LOSS | 10516.86 | 10559.36 |
| OTHER WORKING RESULT | ||
| CD RATIO (%) | 77.39 | 78.80 |
| RECOVERY PERFORMANCE (%) | 96.85 | 95.95 |
| GROSS NPAS | 7836.75 | 6283.51 |
| NET NPAS | 0.00 | 0.00 |
| % OF GROSS NPAS TO TOTAL ADVANCES | 1.01 | 0.75 |
| % OF NET NPAS TO NET LOANS | 0.00 | 0.00 |
| CAPITAL ADEQUACY RATIO (%) | 14.11 | 15.37 |
| NET WORTH | 80686.10 | 91715.26 |
| Awards | Year | Details | Organization |
|---|---|---|---|
 |
Year 2022-23 | The Gujarat State Cooperative Bank Ltd. has been awarded “Best SOC Center Implement” by FCBA |
FCBA |
 |
Year 2022-23 | The Gujarat State Cooperative Bank Ltd. has been awarded “Best Performance” by NAFSCOB |
NAFSCOB |
|
Year 2021-22 | The Gujarat State Cooperative Bank Ltd. has been awarded “Best Infrastructure Enhancement” by FCBA |
FCBA |
|
Year 2021-22 | The Gujarat State Cooperative Bank Ltd. has been awarded “Best ePayments Initiative” by FCBA |
FCBA |
 |
Year 2021-22 | The Gujarat State Cooperative Bank Ltd. has been awarded “Special Commemorative Award” by NABARD for overall performance in Agriculture Credit, Micro Finance, Financial Inclusion and Technology Adoption. | NABARD |
|
Year 2019-20 | Best performance award 2020 by NABARD | NABARD |
 |
Year 2018-19 | Pioneer in Creating Umbrella by co.innology Tie up | Gujarat Urban Co-operative Banks Federation |
|
Year 2018-19 | Best technological Advancement | NABARD |
|
Year 2017-18 | Best Cyber Security Award-St. CB | Computer Society of India |
|
Year 2017-18 | Banco Award | Banco |
|
Year 2017-18 | Sahakarita Shiromani | KRIBHCO, New Delhi |
|
Year 2017-18 | “Gujarat Gaurav” Sanman Patra | Goverment of Gujarat |
|
Year 2017-18 | Sanman Patra | Sahkar Bharti Gujarat State |
|
Year 2017-18 | Best Chairman | Banking Frontier |
|
Year 2017-18 | Best IT Head | Banking Frontier |
|
Year 2017-18 | Best Cyber Security | Banking Frontier |
 |
Year 2016-17 | Best Green Initiative Award | Banking Frontiers |
 |
Year 2016-17 | Best Chairman Award in State Coop. Banks Category | Banking Frontiers |
 |
Year 2016-17 | Best Data Center Award Upgradation Award in State Coop. Bank Category |
Banking Frontiers |
|
Year 2016-17 | Best IT Head | Computer Society of India |
|
Year 2016-17 | Best IT Head in State Coop. Bank Category | Banking Frontiers |
 |
Year 2016-17 | Bancho Purashkar | Bancho |
 |
Year 2016-17 | Leadership Award | Rural Marketing Association of India(RMAI) |
 |
Year 2016-17 | Skoch Award | Skoch Consultancy Services |
 |
Year 2012-13 | Special Award for Profitability | NAFSCOB |
 |
Year 2012-13 | Special Award for Resource Development | NAFSCOB |
 |
Year 2012-13 | Best Performing Co-operative Organization | NCUI Award |
|
Year 2011-12 | First prize for overall Performance | NAFSCOB |
|
Year 2010-11 | Second prize for overall Performance | NAFSCOB |
|
Year 2009-10 | First prize for Overall Performance | NAFSCOB |
|
Year 2008-09 | Special Award for “Corporate Governance and Management Performance” |
NAFSCOB |
| SR. NO. | NAME IF DCCBS | ADDRESS | TELEPHONE NO. | EMAIL ID |
|---|---|---|---|---|
| 1 | AHMEDABAD DIST. CO-OP BANK LTD. | The Ahmedabad Dist. Co.op Bank Ltd. ,Nr.Gandhi Bridge,Opp.Income Tax Office, P.B.No. 4059 ,Ahmedabad – 380009. | 079-27543025 | [email protected] |
| 2 | AMRELI JILLA MADYASTHA SAH.BANK LTD. | The Amreli Dist. Co.op Bank Ltd. ‘Bhojalram Bhavan’, Rajmaham Road, Amreli- 365 601 |
02792-222601 | [email protected] |
| 3 | THE BANASKANTHA DISTRICT CENTRAL CO-OPERATIVE BANK LTD. | The Banaskantha Dist. Co.op Bank Ltd., Head Office “Banas Bhavan”, Deesa Highway, Palanpur, Dist. Banaskantha – 385001. |
02742 – 252133 | [email protected] |
| 4 | BARODA CENTRAL CO-OP BANK LTD. | The Baroda Central Co.op Bank Ltd., Sayajigunj, Station Road, Vadodara-390 005 |
0265-2225372 | [email protected] |
| 5 | BHAVNAGAR DIST. CENT. CO-OP BANK LTD | The Bhavnagar Dist. Co.op Bank Ltd., 13,Ganga Jalia Talav,’Sahkar Bhavan’, Bhavnagar-364 001 |
0278-2522357 | [email protected] |
| 6 | BHARUCH DIST. CO-OP BANK LTD. | The Bharuch Dist. Co.op Bank Ltd., Station Road, B/h Hotel Corona, AT&PO., Bharuch- 392 001 |
02642-252585 | [email protected] |
| 7 | JAMNAGAR DIST. CO-OP BANK LTD. | The Jamnagar Dist. Co.op Bank Ltd., ‘Sahkar Bhavan’, Ranjit Road, Jamnagar-361 001. |
0288-2573701 | [email protected] |
| 8 | JUNAGADH JILLA SAH.BANK LTD. | The Junagadh Dist. Co.op Bank Ltd., ‘Shri Lilabhai Sidibhai Khunti Sahkar Bhavan’, Opp.Bus Station, Junagadh-362001 |
0285-2630091 | [email protected] |
| 9 | KAIRA DIST. CENT. CO-OP BANK LTD. | The Kaira Dist. Co.op Bank Ltd., ‘K.D.C.C.Bank Bhavan’, Sardar Patel Road, Ghodiya Bazar, Nadiad-387001 |
0268-2561831 | [email protected] |
| 10 | KODINAR TALUKA COOP. BANKING UNION LTD. | The Kodinar Taluka Banking Union Ltd., Banking Union Road, P.B.No. – 1, Ta. Kodinar, Dist Gir Somnath – 362720. |
02795-221404 | [email protected] |
| 11 | KUTCH DIST. CENT. CO-OP BANK LTD. | The Kachchh Dist. Co.op Bank Ltd., Vijaynagar Char Rasta,Hospital Road, Bhuj, Kachchh – 370 001 |
02832-251142 | [email protected] |
| 12 | MEHSANA DIST. CENT. CO-OP BANK LTD. | The Mehsana Dist. Co.op Bank Ltd., Rajmahel Road, Mehsana (North Gujarat ) – 384001 |
02762 – 222278 | [email protected] |
| 13 | PANCHMAHAL DIST. CO-OP BANK LTD. | The Panchmahal Dist. Co.op Bank Ltd., Head Office : Prabha Road, Godhra – 389001 |
0272-250853 | [email protected] |
| 14 | RAJKOT DIST. CO-OP BANK LTD. | Shri Rajkot Dist. Co.op Bank Ltd., “Vithalbhai Radadiya Jilla Bank Bhavan”, Kasturba Road, Rajkot – 360001 |
0281-2232368 | [email protected] |
| 15 | SABARKANTHA DIST. CENT. CO-OP BANK LTD. | The Sabarkantha Dist. Co.op Bank Ltd., “Sahakar Vikas Bhavan”, Station Road, Himatnagar – 383001 |
02772-240498 | [email protected] |
| 16 | SURAT DIST. CO-OP BANK LTD. | The Surat Dist. Co.op Bank Ltd., “Shree Pramodbhai Desai Sahakar Sadan”, J. P. Road, Nr. RTO, Surat – 395001. |
0261-2466006 | [email protected] |
| 17 | SURENDRANAGAR DIST. CO-OP BANK LTD. | The Surendranagar Dist. Co.op Bank Ltd., Sahakar Bhavan, Gandhi Marg, Surendranagar – 363001 |
02752-232495 | [email protected] |
| 18 | VALSAD DIST. CENT. CO-OP BANK LTD. | The Valsad Dist. Co.op Bank Ltd., Sahakar Sadan, Kacheri Road, Valsad – 396001 |
02632-254213 | [email protected] |
GSC Bank pioneered the use of technology to establish a Technology Umbrella under which all smaller Co-operative banks can become the sub-members of GSC bank and can offer the latest services like RTGS/NEFT, CTS, DBT, CSGL and other NACH services to their customers.
With this solution, sub member banks can provide latest services using GSC Bank’s technology infrastructure without having to invest heavily in creating their own infrastructure.
To be the top most cooperative bank in the country providing able leadership to the cooperative structure for achieving a sustained growth and upliftment of the small and marginal farmers and rural masses implementing the objectives of financial inclusion.
GSCB aims to promote a sound, strong and vibrant cooperative credit structure in Gujarat embedded with latest technology and computerization, providing innovative and affordable banking products so as to be an active partner in the progress of the state and contribute to its economic and social development.
