Our Bank was the first co-operative Bank to get a banking licence after liberalization policy in the year 1995. By the grace of Sri Channabasava Maha Shivayogi, a great saint, Trikalajnani whose words became true today as he was predicted that, one day this Gangavathi, a commercial Town become Chota Bombay(Mumbai, now). Hence, the founders and promoters of the Bank named the bank as “ SRI CHANNABSAVASWAMY SOUHARDA SAHAKARI BANK NI.,” Bank started under the leadership of Late Sri.Manjunath Siddapur who was the founder chairman of the Bank having good quality team of Board as on 30 July,1995. As such the town grown very fast and become popular in the state as “Paddy Bowl of Karnataka”. So also the bank has progressed gradually and earned name of a prestigious Co-operative Bank of the District by its dedicated service to the people of Gangavathi Town. Bank has started its functioning with a small capital of Rs.1.60 Cr in 1995 collected a deposit of Rs.1.99 Cr and advances Present Own funds/ capital as on 31.1.2024 is Rs.19.05 Crore which was only 1.60 Cr in 1996 and Deposits stood st Rs.64.45 crore, which was Rs.1.99 Cr.And Bank has a total of advances at Rs.48.46 Cr which was Rs.1.23 Cr in 1996. So, Bank has gradually developing and now the Board has planned to open its first branch at Karatagi Town of Koppal District
Mission:
"Our goal is to reach every individual, who is deprived of the Banking Services and to Provide Banking Services of different types of Deposits at reasonably higher rated compared to Commercial Banks and Co-Op Banks and to provide Credit/Loan facility to Small and Petty Business, Small & Marginal Farmers, Traders, Individual, Self Employed and MSME’s there by uplift their economic conditions and contributing to Indian Economic Growth.."
Vision:
"Our vision is to create a world where everyone has the opportunity to fulfill their potential and contribute positively to society. Through our platform, we aim to inspire curiosity, spark creativity, and promote lifelong learning, driving positive change on a global scale."
About Bank