TSCAB Full Form: Know All About TSCAB Here!

By Jyoti Bisht|Updated : December 21st, 2021

TSCAB Full Form: The full form of TSCAB is Telangana State Cooperative Apex Bank Limited. It is the state cooperative bank for the state of Telangana. After the reorganization of the state into Telangana and Andhra Pradesh, the requirement of a separate cooperative bank was necessary for the state of Telangana.

Like any other state cooperative bank, TSCAB is also registered under the State Cooperative Societies Act. Under the Apex Bank, there are about 42 branches in the state of Telangana. The number of ATMs widespread across the state is about 36 onsite ATMs and 5 in Metro Stations. According to the TSCAB, they have made a business of Rs.11,300 crores for the financial year 2020-2021.

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About the Formation of TSCAB

After the bifurcation of Telangana and Andhra Pradesh, a cooperative bank was set up for each of these states. The one set up in Telangana is called TSCAB. Andhra Pradesh Co-operative Central Agricultural Development Bank Limited (APCCADB) was helping farmers get investment and production credit for agriculture. This was later merged with APCOB in 1994, which was way before the 2015 bifurcation.

In 2014, there was a need to reorganize and form the new state of Telangana. This led to TSCAB being registered in 2015. Both APCOB and TSCAB started working independently as the respective states' cooperative banks.

What is the Role of TSCAB?

TSCAB has a wide variety of roles. Some of them have been listed below:

  • TSCAB is mainly responsible for the growth of the rural and agriculture sector in India.
  • They provide credit necessities and production necessities for farmers that are marginal and small.

Know the Services by TSCAB

The TSCAB provides a wide variety of services. They provide production storage facilities, needy commodities, and other requirements. Some of the financing services of TSCAB include -

  • Services that involve the transfer of funds and other demand drafts
  • Electronic services including RTGS, NEFT, etc.
  • Deposit lockers with rentals that are at competitive prices across all branches of TSCAB
  • Collection of local and other outstation cheques at a nominal fee
  • Other common banking services like personal loans, home loans, car loans, gold loans, and also education loans

Process of TSCAB Recruitment

Every year, TSCAB conducts recruitments for different posts that are available in the bank. With permanent opportunities and good pay, TSCAB exams are always favoured among many aspirants looking to get a bank job. Currently, there are vacancies for the post of assistant manager, staff assistant, etc.

Recently, The TSCAB has been awarded the Best Cooperative Bank in India by the NABARD. Its vision is to support rural and agricultural development. It is important to know about these banks if you live in India or even if you want to take a banking exam. Like the full form of TSCAB, we have more such terms provided on our page.

For your banking exam, an understanding of different banks is essential. We have articles for several other terms that you can check out to either use for educational purposes or anything else.

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  • State cooperative banks work at the highest level of cooperative banks. A cooperative bank is owned and controlled by members who are also its customers. They provide members with financial services.

  • The Managing Director or Chief Executive Officer of TSCAB is Dr. Nethi Muralidhar. He has been selected for a term of about 3 years, starting from July 2021.

  • For applicants, the fee varies based on the category. The application form fee for general and OBC candidates is about Rs. 500 and whereas for SC, ST, and ESM candidates, it's about Rs. 250. After having all the documents ready, the candidates can fill the form and pay the fees on the web portal to go ahead with the candidature.

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