Established in 1918, the century old Kaipamangalam fishermen’s co-operative bank has an important role in co-operative banking sector. Fishermen’s bank’s century old experience in co-opeative banking sector is a motivation to other co-operative banks. Kaipamangalam fishermen’s co-operative bank has a prominent role in the local banking activities of the costal villages of Chentrappinni, Kaipamangalam, Perinjanam and Koolimuttam. There are 21261 members ( 2164 A class, 14582 B class, 4515 C class) in the Kaipamangalam fishermen’s Co-operative Bank. The total working capital of the Bank is 29 Crore. The members of the Bank are mainly indulged in occupations such as Fishing ,fish selling and fish processing . the Co-operative Bank is providing loans for their prosperity. Now bank having two branches at Koolimuttam and Panjampally