As per RBI Notification dated 28-08-2015, our bank will remain closed on All Sundays, 2nd and 4th Saturdays

Gold Loan @ Rs.1800/- per gram of gold

Administrative Office IFS Code SRCB0NCB001

Customer can operate from any Branch through ABB Facility

LC & Bank guarantee facility available

One among top 50 co-operative banks in India

Largest Co-operative Bank in Karnataka

1% Rebate for prompt payment of EMI

ATM Facility available in selected branches

The maximum exposures limit for single borrower is Rs. 14 Crores

ATM facilities available at Gandhi bazaar, Banashankari 2nd Stage, Koramangala, Indiranagar, Jayanagar, Yeshwantpur, Rajarajeshwari Nagar, Banasawadi and Mysore Branches


Sri. Nagesh M Sastry

A warm welcome to you all to the website of our Bank. It is indeed a pleasure to share my thoughts on the present banking scenario in general and the Bank in particular.

The current year has been an exciting one, to say the least, with our Bank :-

  • New branch opened at Kuvempu nagar Mysore on 09-05-2014.

  • Introducing SMS Banking, Internet Banking and connecting to RuPay Network of NPCI with fleet of more than 1,70,000 ATM across the country.

  • Extending area of operation to Mysore, Tumkur & Ramanagar District.

  • Awaiting License for opening two more branches in 2014-15, from Reserve Bank of India.


But let me first present a snapshot of economic and banking environment in which we had to carry out our business in the F.Y. 2014-15.

  • Deposit exceeds Rs.1294.53 crores registering a growth of 20.70%.

  • Advances exceed Rs.896.76 crores registering a growth of 36.93%.

  • Total business Rs.2191.29 crores and growth was 26.86% over the previous year.

  • On line computerized services at all branches and serving over 200000 customers 12 branches in Bangalore city and one branch at Mysore.

  • CD Ratio constantly remained @ 69.31%

  • ROA registered 1.25% indicating real adherence to ‘Principle of Co-operatives’, thus passing on best returns to our Depositors and bearable interest levied on borrowers.

  • Staff Productivity also increased from Rs. 9.70 crores last year to Rs.11.35 crores.

  • CRAR of the Bank stood at healthy 9.77%.

  • It may not be out of context to indicate that the Banking Industry registered average less than 18% growth in total Business across the country


Keeping the market trend in view, the interest rate has been revised upwards, from March 13th 2012, which offers attractive interest @ 10.15% for individuals & 10.65% for senior citizens, for 999 days.

Trust of the Members and depositors in a bank and trust of the bank on its borrowers form the bedrock of the banking business. The strength and soundness of a bank is the measure of this trust and reflects the ability of a bank to absorb and overcome any obstacles. The overall results for the year just ended, indicate the underlying strength of our Bank's financials. I am happy to report that our Bank has achieved targets pertaining to profitability and asset quality that it had set at the beginning of the year.

Through continuous monitoring and concerted efforts at all levels, our Bank was able to bring down its Gross and Net NPAs during the year, both in percentage as well as absolute terms.

I would like to thank all our Members, Customers, The Board of Directors for their valued guidance and our employees, who have made a significant contribution to our Bank's success.

Nagesh M. Shastri
Chief Executive Officer
1st August 2015