It was registered on September 23, 1922 (Registration No. 26) and RBI issued it’s Banking License on April 26,2010 (Banking License No. UP0018P) with its only Branch and Head Office at Phool Bagh,Kanpur with the aim to provide exclusive financial services to the workers of the Ordnance Equipment Factory Kanpur and its allies and the people of the Kanpur district establishing itself as an example in the development and upliftment of the region. The bank has emerged as a pioneer in Co-operative banking and in the last 10 years the bank has shown excellence in progress and achievements. People of the region have put their immense trust and support in making the Ordnance Equipment Factory Prarambhik Sahakari Bank Ltd. Kanpur as the leading Co-operative bank in the region. There is an elected board of directors.