Kalupur Bank opens the RuPay network to its customers – SWOT analysis


Kalupur Bank commenced its operations in December 1970 in Gujarat and at present has physical presence through 33 branches.  The bank had the privilege of being admitted as Direct Member of Clearing House in 1975. By 2005, the bank joined   “Real Time Gross Settlement” (RTGS) funds transfer mechanism.

The Bank is the first and only co-operative Bank amongst scheduled, District and State Co-operative Banks in Gujarat to get license as an Authorized Dealer category – 1, to deal in Forex, from RBI in 2007.

In March 2014, Kalupur Bank  launched ‘RuPay’ Debit cum ATM card for bank’s customers which will give then access  to 1.6 lac ATM centers and 8.75 lacs Point of Sale (POS).

It may be noted hat KCCB is the first co-op. Bank in Gujarat to issue Rupay brand Debit cum ATM cards.

“We already have 54,000 customers who use RuPay card. Through RuPay card, we expect to cover one lakh customers,” said V G Dadlani, general manager and CEO, Kalupur Bank.

RuPay debit cards aim at financial inclusion of more people. “Over 1.3 crore customers of 18 district co-operative banks will join the national financial switch through RuPay debit card by June,” said Ajay Patel, chairman, Gujarat State Co-op Bank Ltd.

National Bank for Rural and Agriculture Development (NABARD) will provide technology for RuPay cards at subsidized rates. NABARD will also connect the co-operative banks with core banking solutions (CBS) with the help of Tata Consultancy Services.








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