With a staff of over 300 people across 15 fully computerized and interconnected branches, the Kapol Cooperative Bank has come a long way from its humble beginnings in 1939. It now serves over two and a half lakh customers, and is one of the first banks in its category to have incorporated NEFT / RTGS facilities in addition to being a pioneer in uplifting the economically weaker sections of the society.
The bank offers its customers the facility of taking out a loan or overdraft against their existing shares, debentures and PSU bonds.
The Kapol Bank loan, or overdraft against shares, debentures, and PSU bonds is designed for the purpose of investments in shares and debentures. It involves the hypothecation of stock and / or book debts for cash credit.
The loan facility is extended to professionals, entrepreneurs, and self-employed businessmen who have a good credit standing and have no history of defaulting on loans.