With a view to extend banking services to the lower and middle class people of Bangalore city, eminent personalities residing in South of Bangalore areas decided to establish a bank under the leadership of Late Sri. T. R. Shamanna and Late Sri.Y.V.Keshavamurthy. Late Sri. T. R. Shamanna was also a true Gandhian and his political career was for a span of nearly 5 decades. Late Sri.V.S.Krishna Iyer, who is also an eminent personality in the political sphere and a true Gandhian joined hands with founders to establish the bank.
The promoters were from all walks of life like Politics, business, Industrialists, Traders, Social Workers, Salaried Employees, Engineers and Doctors. The desire of the management was to extend banking facilities to common man more so the salaried class on co-operative principles. On the day of registration of the Bank, there were 2000 members with a paid up share capital of Rs. 2.00 lakhs Presently there are more than 30000 share holders with a paid up share capital of over Rs 24 crores and customer base of more than 200000.
Late Sri. T. R. Shamanna was a Corporator of Bangalore Muncipal Corporation many times and rendered yeoman service to the people of south of Bangalore. He was 4 times elected as member of assembly and one time as member of Parliament from Bangalore South constituency in the elections held in 1977. His popularity was so profound that the Basavanagudi constituency was nick named as T. R. Shamanna Constituency. He was also a true Co-operator and contributed a lot for the founding of The National Co-operative Bank. The tenure of Sri. T. R. Shamanna in the management is as follows:
President from 1976 to 1986 / Director from 1986 to 1989
He expired on 30.8.1989 As a tribute his service to the National Co-operative Bank, the conference hall of the bank has been named as Sri T. R. Shamanna Conference Hall.
Late Sri. Y. V. Keshavamurthy, was an eminent Social Worker who entered the Co-operative Sector at the young age of 22 years. He promoted Co-operative Societies in Mysore and shifted to Bangalore in the beginning of 70s. During the emergency, he was very active in the Political arena. He, with the guidance of Late Sri. T. R. Shamanna was instrumental in mobilizing initial Share Capital and was also instrumental in getting the Bank registered and licensed within a short period of one year.
Late Sri. D. Devaraj Urs, the then Chief Minister of Karnataka who inaugurated the bank on 29.02.1976 was a guiding personality to Late Sri. Y. V. Keshavamurthy in his political endeavour. Soon after the establishment of The National Co-operative Bank Ltd., he fully involved himself in energizing the Co-operative Movement in Karnataka, more so Urban Co-operative Banking Movement. He was the President of the Karnataka State Co-operative Urban Banks Federation for the period from 1986 to 1987. He was also the member of the Standing Advisory Committee constituted by RBI, during his tenure as President. He guided many Co-operators to establish Co-operative Institutions in and around Bangalore City. He was the Office bearer in the Committee of Management of The National Co-operative Bank as follows:
Hony. Secretary from 1976 to 1986; Managing Director from 1986 to 1996 Director from Chairman from 1996 to 2000.
He expired on 19.6.2000. As a tribute rendered by Late Sri.Y. V. Keshavamurthy to The National Co-op. Bank, the banking hall of the Gandhi Bazar branch has been named after him.