Karnataka State Co-operative Bank

About Bank:

The Co-operative Movement in the old Mysore area was first introduced in 1905 when the first Mysore Co-operative Societies Act was passed. The progress of the movement was slow up to 1910-11. However, in the course of the next few years, there was rapid development. There were 111 societies with a membership of 9,043 and a working capital of Rs.3.71 lakhs at the close of 1910-11. By the end of financial year 1914-15, there were 725 societies with a membership of 56,267 and their working capital went up to Rs.30.85 lakh.

The main aims and objectives of the Bank

a) to serve as a State Co-operative Bank and as a balancing center in the State of Karnataka for registered co-operative societies;

b) to raise funds by way of deposits, loans, grants, donations, subscriptions, subsidies etc. for financing the members by way of loans, cash credits, over-drafts and advances;

c) to develop, assist and co-ordinate the member DCCBs and other Co-operative Societies and secure financial assistance for them;

d) to arrange/hold periodical Co-operative Conferences of the DCCBs and other members of the bank and to take action for the growth & development of the Co-operative Credit Movement.

e) to participate in financing Co-operative and other institutions who are members of the bank, directly or through consortium of Bankers;

f) to participate in the schematic lending and to provide loans for which refinance facility is available with term lending institutions.

Contact Details:

Office:
No.1, 'Uthunga', Pampa Mahakavi Road, Charmrajpet, Bangalore 560018, Karnataka, India
Telephone: 080-22976622, 26676325, 26679374
Centrex : 080-22976600
Fax: 080-26628521

Website: www.karnatakaapex.com

Courtesy: karnatakaapex