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{{Short description|Indian co-operative banking company}}{{notability|Companies|date=May 2020}}{{Use Indian English|date=October 2015}}
{{Use dmy dates|date=October 2015}}
{{Infobox company
| name = TNSC Bank
| logo =
| type = [[Cooperative]]
| traded_as =
| area_served = Chennai, Tamil Nadu, India
| key_people = R Elangovan ([[chairman]])<ref>{{Cite web|url=https://www.tnscbank.com/about-us/management/chairmen-of-the-bank/|title=Chairmen of the Bank}}</ref><br /> M. Antonysamy John Peter ([[Managing Director]])<ref>{{Cite web|url=https://www.tnscbank.com/about-us/management/executives-of-the-bank/|title=Executives of the Bank}}</ref>
| industry = [[Banking]]
| products =
| revenue =
| operating_income =
| net_income =
| assets =
| equity =
| num_employees = 558 (2012)<ref>{{cite web |url= https://shodhganga.inflibnet.ac.in/bitstream/10603/135473/9/09_chapter%203.pdf|title=ORIGIN AND GROWTH OF THE TAMIL NADU STATE APEX CO-OPERATIVE BANK LIMITED|website=shodhganga.inflibnet.ac.in |format=PDF|access-date=2021-04-14}}</ref>
| caption =
| location = [[Chennai, Tamil Nadu]], India
| foundation = 23 November 1905
| homepage = {{URL|https://www.tnscbank.com/|TNSCBank.com}}
}}

The '''Tamil Nadu State Apex Co-operative Bank''' or '''TNSC Bank''' is an Indian [[cooperative banking]] [[company]] headquartered in [[Chennai]]. It was incorporated in 1905 as an urban cooperative bank. As of 2015, TNSC Bank had 46 branches in Chennai.<ref name="growth">{{cite web|title=Growth of the Bank|url=https://www.tnscbank.com/about-us/growth-of-the-bank/|website=TNSC Bank|access-date=17 June 2015}}</ref> TNSC Bank coordinates India's entire short-term [[Credit|cooperative credit structure]].

TNSC Bank is India's first state cooperative bank. TNSC Bank received a license of the [[Reserve Bank of India]] to offer banking services.<ref name=":0">{{Cite web|date=2014-04-02|title=Growth of the Bank|url=https://www.tnscbank.com/about-us/growth-of-the-bank/|access-date=2020-06-15|website=TNSC BANK|language=en-US}}</ref> TNSC Bank is a Scheduled Co-operative Bank, listed under the Second Schedule of [[Reserve Bank of India Act, 1934|RBI Act]]. TNSC Bank is a member of the [[Deposit Insurance and Credit Guarantee Corporation]] (DICGC) and is an insured cooperative bank as per the DICGC Act. TNSC Bank's capital is shared by the [[Government of Tamil Nadu]].<ref name=":0" />

== History ==
TNSC Bank was formed in the same year as the cooperative movement of [[Tamil Nadu]] began, in November 1905.<ref name=":0"/> The bank commenced its business the year following the formation of the coop. It subsequently changed into a District Central Cooperative Bank in July 1920.

During 1930 and 1931, the bank embarked on a scheme for rectification and consolidation of Primary Societies through the Central Coop.<ref name=":0"/> During its first 25 years, TNSC lent to primary societies and Central Coop. The Tamil Nadu government became a bank shareholder on 27 March 1957 and was represented on the Board, according to the recommendations of the All India Rural Credit Survey Committee of the [[Reserve Bank of India]]. The name of this Bank changed along with the state name to “The Tamil Nadu State Co-operative Bank Ltd.”<ref name=":0"/>

Presently, the [[National Cooperative Development Corporation (India)|NCDC]], TNSC Bank is open and functioning as a training institute in a rental building in [[Adyar, Chennai|Adyar]] since arriving in 1989.<ref name=":0"/>

The [[Government of Tamil Nadu]] invested Rs.20.26 crore in the ordinary [[share capital]] of TNSC.<ref>{{Cite web|title=Tamilnadu Government's Assistance|url=https://www.tnscbank.com/about-us/tamilnadu-governments-assistance/|access-date=2020-06-15|website=TNSC BANK|language=en-US}}</ref>

== Services ==
TNSC Bank offers [[savings account]]s, [[current account (balance of payments)|current accounts]], deposits including [[Fixed deposit|fixed]], recurrent, cash certificate, loans<ref>{{Cite web|title=COVID 19: Tamil Nadu Co-operative bank announces low-interest gold loan scheme|url=https://www.newindianexpress.com/states/tamil-nadu/2020/apr/26/covid-19-tamil-nadu-co-operative-bank-announces-low-interest-gold-loan-scheme-2135510.html|access-date=2020-06-15|website=The New Indian Express}}</ref> for individuals (including [[home loans]], jewel loans, housing loans, computer loans, [[Student loan|educational loans]]), [[Corporate banking|corporate banking services]] and rural banking services.<ref>{{Cite web|date=2014-06-11|title=Sitemap|url=https://www.tnscbank.com/footer-menu/sitemap/|access-date=2020-06-15|website=TNSC BANK|language=en-US}}</ref> It also offers electronic services including net banking<ref>{{Cite web|title=TNSC Bank - Net Banking|url=https://www.tnscbank.net/jsp/startTNSC.jsp;jsessionid=mkFspnPb0t91ZqjTZsHx1tGDZt9NMwB7bKY1dTBfQF5rJ0WHbCfQ!548998894|access-date=2020-06-15|website=www.tnscbank.net}}</ref> and e-payment of bills.<ref>{{Cite news|last=Srinivasan|first=Saraswathy|date=2012-08-04|title=TNSC bank launches e-payment of power bills|language=en-IN|work=The Hindu|url=https://www.thehindu.com/news/cities/chennai/tnsc-bank-launches-epayment-of-power-bills/article3726653.ece|access-date=2020-06-15|issn=0971-751X}}</ref>

=== Alliance with Murugappa group ===
[[Cholamandalam MS General Insurance|Cholamandalam MS, General Insurance Co. Ltd]]. (Chola MS), a joint venture between Rs.15,646 crores ($3 billion) [[Murugappa Group]] and [[Mitsui Sumitomo Insurance Group]] of Japan, announced a bancassurance tie-up with TNSC Bank in October 2009 for two of its District Co-operative Banks working in rural areas of Tamil Nadu.<ref>{{Cite web|title=Chola MS enters into a tie-up with TNSC Bank - Asia Insurance Post|url=https://www.asiainsurancepost.com/archive/news/1208001936|access-date=2020-06-15|website=www.asiainsurancepost.com}}</ref> Through this alliance, Cholamandalam MS can tap the Deposit and Loan base of [[Dharmapuri district|Dharmapuri District Central Co-operative Bank]] and [[Salem district|Salem District Central Co-operative Bank]] covering four districts of [[Dharmapuri]], [[Krishnagiri]], [[Salem, Tamil Nadu|Salem]], and [[Namakkal]] for a period of 3 years.<ref>{{Cite web|title=Cholamandalam MS enters into strategic partnership with TNSC Bank|url=https://www.indiainfoline.com/article/news-mutual-funds/cholamandalam-ms-enters-into-strategic-partnership-with-tnsc-bank-113092700182_1.html|access-date=2020-06-15|website=www.indiainfoline.com|language=en}}</ref>

== Financial status ==
{| class="wikitable"
|+(Rs. in Crores)<ref>{{Cite web|title=Financial Highlights|url=https://www.tnscbank.com/our-growth/financial-highlights/|access-date=2020-06-15|website=TNSC BANK|language=en-US}}</ref>
!PARTICULARS
!31.3.2018
!31.3.2019
!31.3.2020
|-
|Paid-Up Share Capital
|312.03
|328.49
|346.78
|-
|Statutory Reserves
|267.68
|267.68
|267.68
|-
|Other Reserves
|330.33
|340.43
|351.97
|-
|Deposits
|8305.54
|8384.60
|11081.93
|-
|Borrowings
|2844.20
|3222.90
|4199.40
|-
|Investments
|3234.32
|2987.61
|2970.87
|-
|Advances
|6372.10
|8062.64
|10526.67
|-
|Working Funds
|13504.88
|14038.44
|17965.68
|-
|Net Profit
|81.83
|81.87
|82.15
|}

== Awards ==

* Overall Best Performance award - six times between 1985 and 2018, most recently for 2012–2013
* All India Mutual Arrangement Scheme - eight times, most recently for 2011–2012.<ref name=":1">{{Cite web|title=Awards|url=https://www.tnscbank.com/our-growth/awards/|access-date=2020-06-15|website=TNSC BANK|language=en-US}}</ref>
* Excellent Facilitation of Technology Adoption by the Cooperative Banking System in Tamil Nadu award in 2017 from [[National Bank for Agriculture and Rural Development|NABARD]].<ref name=":1" />

==References==
{{Reflist}}

{{Banking in India}}

[[Category:Banks established in 1905]]
[[Category:Cooperative banks of India]]
[[Category:Financial services companies based in Chennai]]
[[Category:Indian companies established in 1905]]

TNSC Bank - Revision history

->Lfstevens: ce, rem tag