The Kanayannur Taluk Co-operative Agricultural and Rural Development Bank is a pioneer bank functioning in Kayannur Taluk to provide the long term agricultural credit needs. The long term credit needs include agricultural credit to farmers or agripreneurs, credit for finding livelihood for common people, need for starting a new enterprise, housing needs, development of infrastructure,etc. Apart from the long term credit, the bank also provides short term loans for meeting their other credit needs like marriage of their children, cash credit, etc which altogether foster the upliftment of common people in our society. The major portfolio of this bank includes agriculture, allied activities, housing, industries, vehicle loans, short term loans,etc.

The area of operation of bank is the entire Kanayannur Taluk comprising 11 Grama panchayaths and Cochin Corporation. Also there are 21 villages in this taluk. The bank is registered under Kerala Co-operative Societies Act 1969; its operations are regulated by the KSCARDB Act, 1984 and the rules and bye laws framed there under.