To cater to the training requirements of grass-root and middle level functionaries of Apex Bank/CCBs/Urban Banks and PACS (Popularly known as Mini Banks); the bank established its staff training college at Panchkula on 15.3.82. The intake capacity of this college was around 40 trainees at a time. The duration of each course was 6 weeks and normal 8-9 courses were conducted each year. The areas of training comprised Cooperative Credit, Cooperative Banking, Cooperative Accounts & Audit and Cooperative Law and new policies.

                              The college imparted training to 400 to 425 participants per year for inspiring their self-reliance in these areas. The faculty of the training college consisted of four lecturers of the rank of Managers and one Principal of the rank of the General Manager.

                              Due to certain reasons the S.T.C was closed during the year 1989. Realising and appreciating this need; a proposal was again put up to the Board of Administrators of this Bank in its meeting dated 28.8.91 vide Agenda No. 29 for re-opening the college. The Board of Administrators vide its resolution No. 29 of even date approved the proposal and authorised the MD to complete the necessary formalities. Pursuent to this resolution the college was re-opened during March, 1992.

                              Immediatly after the re-start of training arrangements, a dramatic change took place in Cooperative Banking because the NABARD has certain obligations of improved performance in the key areas of their functioning especially in mobilization of deposits, rate of recoveries, diversification & expansion of loans port-folios, expenditure management and viability and profitability etc. The NABARD prescribed the standard parameters in these areas and expected satisfactory performance. For this a memorandum of understanding was signed between our bank and NABARD.

                              To equip the employees of Cooperative Banks with the necessary capabilities to keep pace with the changing banking environment, the training programmes were re-oriented to meet the challenges of changed scenario. After signing the Memorandum of Understanding; 60% of the recurring expenditure of training college are being reimbursed by them since 1.4.1996.

                              The college is paying Rs.100/- to each trainee as diet money out of which Rs.16/- are adjusted towards tea and refreshment charges. The trainees had to mange their meals with the remaining Rs.84/- per day per trainee at their own.