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OBJECTIVE

The primary objective of the Bank was basically to encourage thrift, self-help and cooperation among members by carrying on business of banking.

AREA OF OPERATION

Originally, the area of operation of the bank was confined only to Greater Imphal of Manipur. Later, it was extended to other Municipal and Small Towns of Manipur. It was further extended to the entire State of Manipur by amending the Bye-Laws in 1993.

MEMBERSHIP, SHARE AND SHARE CAPITAL

Membership of the bank initially was restricted to individuals. Later on, enrollment has been permitted to forms and institutions at Rs. 50 per share.

Authorised Share Capital of the Bank at the time of registration was Rs.10 lacs only divided into 20,000 shares. To-day the authorized Share Capital of the Bank has been increased to Rs.5 crores divided into 10 lacs shares of Rs.50 each.

Paid up Share Capital of the Bank have been registered Rs. 252.28 lacs as on 27th May 2005 in which share of State Government being Rs.6.40 lacs only.

LATEST NEWS

IUCB INTRODUCES CBS

In order to pace with the time and tune with the modern banking scenario, the Imphal Urban Co-operative Bank Ltd., one of the pioneer fast progressing UCB in the entire North East now step up into another feather by Introducing Core Banking Solution System

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