BANKING PROFILE

A STUDY ON INVESTMENT PLANNING AND FUND RAISING

CHAPTER 3
BANKING PROFILE

HISTORY:-

The Bangalore City Co-operative Bank Limited, a leading Urban Co operative

Bank in India was founded by Sri. K. Ramaswamaiah and other Co-operators
during the beginning of the Co-operative movement in our country, with prime
object of encouraging thrift and savings habit among the public and to freed the
members from the clutches of private money lenders.

Initially the bank started as a Credit co-operative Society in the year 1905 and
later converted as Urban Co-operative Bank on 06-04-1907. The bank began
with 150 members, mobilised Share capital of Rs.2727 from them and also
mobilized Deposits of Rs. 2265 from which advanced Rs.4036/- and disbursed
dividend at 13.02% in the inception year. Today the total business of the bank has
crossed Rs. 1300.00 crores and now it is placed as Top Urban Co-operative bank
of the State of Karnataka.

The Bank is functioning on the sound principles of co-operation and successfully

completed more than 100 years of banking service. The bank is continuously
making profit since from the date of its inception and disbursing dividend to its
members and also in 'A' Grade Audit classification. Visionary and transparent
directors on the board and dedicated professional staffs are responsible for this
achievement.

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