HISTORY

The Belagavi District Central Co-Operative Bank Ltd; Belagavi, is registered as co-operative society under the Central act II of 1912. It's registration number is 2163 date 19-12-1918. It was later deemed to register under Bombay Co-op Societies act and now it is deemed to be registered under the Karnataka Co-operative Society Act 1959. It's address for the present shall be Old Poona-Bangalore Road, Near Central Bus Stand, Belagavi. Banking license has been issued to us by the Reserve Bank Of India, under its reference number RPCD(BG)DCCB 31/2011-12, Dated 26/12/2011.

We have a very long history of service rendered in the field of co-operative banking and hereby would proudly like to bring to every one's notice that our Bank will be celebrating Centenary year in 2019. Silver Jubilee was celebrated in the year 1942-43 under the Chairmanship of Shri P. B. Ugargol and General Manager Shri V. C. Medlery. At the time of completion of 25 years of banking service, the Bank was having 11 branches. The total number of shares allotted was 1069 of which 283 were co-op society and 786 were individuals. The Share Capital was collected amounted to Rs. 2,29,550.00, Reserve Fund Rs. 2,19,402.00, total Deposits outstanding Rs. 27,49,558.00 of which Rs. 9,55,684.00 was low cost deposits. This indicates the growing confidence of the public in the management and financial stability of the institution in the early stages itself. The total Loan outstanding with societies and individuals was Rs. 20,84,606.00. The percentage of recovery to the total overdues due for repayment during the year was excellent. The Profit for the year was Rs. 37,821.00. It is gratifying to note that the bank slowly and steadily was making all round progress.

Our bank celebrated Golden Jubilee in the year 1968-69 under the Chairmanship of Shri M. S. Hosamani and General Manager Shri R. V. Mullimani on the completion of 50 years of banking service. The total number of shares allotted was 1541 of which 972 were co-op societies and 569 were individuals. The Share Capital was collected amounted to Rs. 77,29,200.00, Reserve Fund Rs. 23,82,219.00, Deposits outstanding Rs. 4,89,24,623.00 of which Rs. 1,56,55,879.36 was low cost deposits. The above indicate the growing confidence of the public in the management and financial stability of the institution. The total Loan outstanding with Society and Individual at end of year was Rs. 5,98,74,876.00. The percentage of recovery to the total overdues due for repayment during the year was excellent. The Profit for the year was Rs. 7,46,223.00. It is gratifying to note that the bank was showing all round progress.

Our bank completed 75 year in the year 1994-95 under the Chairmanship of Shri Vivik Patil and General Manager Shri B. V. Karlingannavar, but due to unavoidable circumstances, the celebrations of the Platinum Jubilee were held in the year 1997 under the Chairmanship of Shri G. B. Patil and General Manager Shri B. V. Karlingannavar. The total number of shares allotted was 2040 of which 1751 were co-op societies and 289 were individuals. The Share Capital was collected amounted to Rs. 13,58,987,700.00, Reserve Fund Rs. 8,96,90,538.00, Deposits outstanding Rs. 1,59,02,59,637.00 of which Rs. 54,06,88,276.58 was low cost deposits. The above indicate the growing confidence of the public in the management and financial stability of the institution. The total Loan outstanding with Society and Individual at end of year was Rs. 1,40,77,46,649.00. The percentage of recovery to the total overdues due for repayment during the year was excellent. The Profit for the year was Rs. 7,13,74,337.00. It is gratifying to note that the bank was showing all round progress.

At the time of this report our Bank has completed 99 years of satisfactory customer service as on 31-03-2018. The total number of shares allotted was 3494 of which 2565 were co-op societies, Associates Members were 929 and 282 were individuals. The Share Capital was collected amounted to Rs. 1,28,03,14,080.00, Reserve Fund Rs. 2,17,46,46,192 Deposits outstanding Rs. 28,41,98,07,298.00 of which Rs. 11,13,50,41,276.90 was low cost deposits. The above indicate the growing confidence of the public in the management and financial stability of the institution. The total Loan outstanding with Society and Individual at end of year was Rs. 25,91,14,18,111.00. The percentage of recovery to the total overdues due for repayment during the year was excellent. The Profit for the year was Rs. 20,52,81,796.68. The Working Capital of the bank stood at Rs. 407804.75 lakhs. It is gratifying to note that the bank continues to grow to new heights, showing all round progress by achieving the targets set.

Our Pledge and Moto will always be "Service with a Smile". We are grateful to our Customers for their continued unending Trust and Cooperation which helped us to attain such heights.