The Quilon Co-operative Urban Bank Ltd. No. 960 is a leading Financial Co-operative Institution. It was established nearly 80 years ago, under the Co-operative Societies Law. Now it is functioning strictly under the provision of Banking Regulation Act. Reserve Bank of India has given Banking License to the Bank. It was organized by paravoor kesavan vadyar; a profound professional organizer of co-operative societies, whose untired efforts in the organization of the quilon taluk co-operative bank is remembered with high regards by the co-operators of quilon town and suburbs. At that time there was no district co-operative bank for quilon district. Therefore, the quilon taluk co-operative bank was functioned as district co-operative bank for quilon taluk. Primary co-operative societies of quilon taluk were its members.

Originally co-operative urban banks were organized for the development of economically weaker sections of the community who could not avail themselves of the facilities of loans from commercial banks. It is true, that the commercial banks in our country are now assisting the borrowers in the priority sector including the weaker sections in a substantial measure. There is still considerable scope for providing assistance to the people with low income in their economic activities. Thus the original purpose for which co-operative urban banks were started is still relevant. These banks most suited for collecting small savings from middle and lower income groups in community and providing financial assistance in the form of loans to their members in their areas of operation for meeting their economic needs. In this context it is relevent to make a profile of quilon co-operative urban bank and its activities.

The bank started progressing day by day under the able guidance of Advocate C.V. Padmarajan. The progress of bank with respect to capital, membership, deposits and loans are remarkable.