The Kuthuparamba Co-Op rural bank Ltd No F.1261 registered on 23/09/1946 and started functioning w.e.f. 29/09/1946 is a co operative sector institution. The bank’s headquarters is situated at Kuthuparamba of Thalassery taluk of Kannur district The bank’s areas of working jurisdiction covers in Kolayad,Kannavam, Cheruvancherry, Mananthery, Kandankunnu, Pathiriyad, Paduvilayi, Mangattidam, Kottayam, Kuthuparamba and Pattiam villages of Thalassery taluk The first and foremost aim of the bank is to provide various short-term, medium-term and long- term loans and advances to its members to meet their agricultural, agriculture associated and non agricultural requirements, and to provide and distribute loans and advances for specific projects approved by the Registrar and by NABARD.