ESTABLISHED IN 1961 • COOPERATIVE EXCELLENCE

About TAICO Bank

The Tamilnadu Industrial Co-operative Bank Ltd. (TAICO Bank) — The nation's first state-wide cooperative banking institution, dedicated to nurturing industrial cooperatives and driving economic self-reliance across Tamil Nadu.

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1st in India

In Cooperative Sector

Statewide

All Tamil Nadu Districts

DICGC Insured

Deposits up to ₹5 Lakhs

MSME & Co-ops

Dedicated Financial Growth

TAICO Bank Headquarters
Registered Head Office

No. 36, South Canal Bank Road, Raja Annamalaipuram, Mandavelipakkam, Chennai – 600 028

A Pioneer in Industrial Cooperative Banking

The Tamilnadu Industrial Cooperative Bank Ltd., popularly and affectionately known as “TAICO Bank”, is the very first institution of its kind in the entire Cooperative Sector across India, created exclusively for catering to the specialized financial and structural needs of Industrial Cooperatives.

Endowed with state-wide jurisdiction, TAICO Bank stands as a unique apex cooperative financial pillar dedicated to developing, financing, and modernizing Industrial Cooperative Societies, artisans, and micro-manufacturers throughout the State of Tamil Nadu.

“Committed to promoting economic equality, rural industrialization, and self-reliance by extending timely and affordable credit to cooperatives, entrepreneurs, and the public.”

Administrative Governance Journey

A historical overview of TAICO Bank's administrative transitions and stewardship over the decades.

1961 – 1976

Nominated Board of Directors

During the formative era till 13.06.1976, the bank's management was vested in a distinguished Board of Directors nominated by the Industries Commissioner and Registrar of Industrial Cooperatives.

1976 – 2013 & 2018

Special Officer / Administrator

Affairs of the Bank were administered by senior officials in the cadre of Additional Director of Industries and Commerce (Industrial Cooperatives), ensuring strict regulatory compliance and stability.

2013 – 2018 & 2019 – 2023

Elected Board Governance

The democratically Elected Board presided from 24.08.2013 to 23.08.2018 and subsequently from 21.09.2019 to 10.08.2023, expanding branch networks and grassroots membership engagement.

Present Leadership

Modern Professional Administration

Currently, the Bank is professionally governed by the Administrator (from 11.08.2023) and the Chief Executive Officer (from 02.05.2022 to till date), driving digital modernization and customer-first banking.

Primary Strategic Objectives

Core goals and mandates guiding TAICO Bank's operations and financial services.

Financial Assistance to Cooperatives

Providing vital financial assistance to Industrial Cooperative Societies across Tamil Nadu, alongside other Cooperatives directed by the State Government or the Registrar to be admitted as Members.

MSME & Industrial Financing

Granting industrial loans to individuals, partnership firms, and Joint Stock Companies engaged in Micro, Small, and Medium Enterprises (MSMEs) identified for the purpose by admitting them as Associate Members.

Housing & Trade Overdraft Facilities

Sanctioning credit facilities to the general public, including House Building Advance (HBA), House Mortgage Loans (HML), and Regular Overdraft (ROD) facilities to traders and commercial businessmen.

Personal Loans for Employees

Sanctioning affordable Personal Loans to the permanent employees of TAICO Bank, Central / State Governments, Quasi-Government bodies, Public Sector Undertakings (PSUs), and Educational Institutions.

Secured Jewel & Deposit Advances

Granting swift, low-interest loans to Associate Members (General Public) on the secure pledge of Gold Jewels, Fixed Deposit Receipts (FDR), National Savings Certificates (NSC), and KVP Bonds.

Modern & Secure Digital Banking

Empowering cooperative members with modern CBS banking, Safe Deposit Lockers, Mobile Banking, RTGS/NEFT facilities, and competitive savings & fixed deposit investment schemes.

Visit Our Head Office

No. 36, South Canal Bank Road, Raja Annamalaipuram, Mandavelipakkam, Chennai – 600 028, Tamil Nadu, India.

044-24951509, 24950067 taico@taicobank.bank.in Mon – Sat (10:00 AM – 5:00 PM)