The Pondicherry Co-operative Urban Bank was registered as a Co-operative Society on 15th June 1955 and started its working from 11th july 1955 with the membership of 1200 and share capital of Rs.95,000/-. Later on the above said Society was converted into Bank namely The Pondicherry Co-operative Urban Bank.

Initially the bank was registered under the Tamilnadu Co-operative Societies Act and rules. After implementations of the Pondicherry Co-operative Societies Act 1972 and RUles 1973 the said bank was brought under the Pondicherry Co-operative Societies Act and Rules. The above said bank has obtained license No. UBD. TN1029-P from Reserve Bank of India on 6th August 1990, to carry on the Baking Business as per section on 22(1) read with section 56(0) of the BAnking Regulation Act 1949.

The Pondicherry Co-operative Urban Bank has been brought under the category insured bank. The minimum insurance cover given to a depositor is Rs. 1,00,000/- and the same is made with the Deposit Insurance and Credit Guarantee Corporation of Inida. By its performance the Pondicherry Co-operative Urban Bank has been brought under “A” class audit classification for more than 20 years.

The Pondicherry Co-operative Urban Bank functioned under the elected Board of Managment till 31.12.1994. Thereafter the bank is managed by the Administrator appointed by the Registrar of Co-operative Societies from the cadre of Deputy Registrar of Co-operative Societies of the Co-operative Department and the same is continued till this date.