The Puducherry State Co-operative Bank Ltd., popularly known as “PSC Bank” was established in the year 1958 with the Registrar of Co-op. Societies, Govt. of Puducherry, Puducherry, under Co-op. Societies Act, 1904. It commenced its banking operations on 30th October 1958.The initial Authorized Share Capital of the Bank was `500.00 Lakh.
It was registered as an Apex Financing Bank to cater the credit needs of all Co-operative Societies in particular and to the general public in general and the Puducherry State Co-op. Bank is playing its role in two-tier structure in the U.T. of Puducherry i..e, Puducherry StCB to PACCS and PACCS to individuals direct.