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History & Profile Of The Bank

In The Year 1999, A Man Of 50 Years Who Was Deeply Concerned For The Upliftment Of Small Masses Of Gorakhpur City Thought Of Establishing A Co - Operative Bank To Help These People And Protect Them From Exploitation Of Money Lenders.

This Great Visionary Was Shri Nishith Verma, The Founder Chairman Of The The NE, And EC Railway Employs Multi State Primary Co - Operative Bank LTD. Gorakhpur Along With Shri Sajan Kumar Agarwal And Shri Padma Kant Saksena Supported By Deputy General Manager Shri Krishna Bihari Khanna Who Spearheaded The Initial Operations Of The Bank And Build Its Secured Foundation, As The Principle Senior Managerial Board Established The Bank In The Year 2000 After Having Acquired Its Operating Licence In The Year 1999, Which In Due Course Has Became The Most Favoured Co - Operative Bank In The City .


In The World Of Banking, Which Operates On The NE, And EC Railway Employs Multi State Primary Co - Operative Bank LTD. Gorakhpur, As An Institution Since It's Inception In 1999 Has Created A Niche In Terms Of Credibility With The Trust Of Over One Lakh Patrons And Over 1534 Share Holders. Bank Has Contributed Towards Socio - Economic Development Of The People In Many Ways.


The NE, And EC Railway Employs Multi State Primary Co - Operative Bank LTD. Gorakhpur Prides Itself Of The Fact That It Has Grown With Its Customers. Many Of Yester Years Small Borrowers Are Today's Corporate And Business Houses. Bank Has Been And Will Remain A Poor Man's Bank Committed To The Cause Of Their Upliftment. The Bank Has Worked On The Philosophy Of Providing Financial Assistance With Strong Social Conscience.


The Bank's Focus On Customer Service And Solutions Tailored To Clients, Individual Needs At All Level Have Attracted More And More Customers. The NE, And EC Railway Employs Multi State Primary Co - Operative Bank LTD. Gorakhpur Offers Attractive Loan Schemes For Special Section Of Society - For Small Business, Self Employed, Transports, Weaker Sections, Professionals, Artisans, Taxi / Auto Rickshaw Drivers, Etc. Loans Are Given For Housing, Vehicle, Consumer Durables, Loans To Salaried Employees, Loans Against Gold Ornaments. The Bank Also Offers Several Corporate Banking Facilities, Including Working Capital Finance Etc .

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Future Road Map

The Bank Is Slowly And Steadily Increasing Its Financing Scheme For Artisans, Craftsmen And Self Employed From The Weaker Sections Of Society At Very Low Interest Rates. The Focus Will Be On The Weaker Sections Of Society.

Even In The Era Of New Age Banking And Stiff Competition, The Bank Has And Will Always Retain It's Focus On Small Depositors And Small Borrowers. The NE, And EC Railway Employs Multi State Primary Co - Operative Bank LTD. Gorakhpur Takes Its Commitment Towards The Welfare Of The Society Of Faizabad City Very Seriously. The Aim Of Harnessing The Country's Savings And Utilising Them To Improve The Life Of The Common Man Has Been The Bank's Vision For The Past Seven Decades And Will Continue Well Into This Millennium.

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