It is with a matter of great pride that, I have adorned the chair as President of this prestigious Kodagu D.C.C.Bank Ltd., Madikeri, in the month of July 2014, with an aim to transform the institution on dynamic issues in a right direction. The Bank, having 16 branches and its Head Office in the district head quarters, Madikeri, has been consistently classified as ‘A’ grade in the audit report for the past several years. To achieve spectacular results by reaching all, four more Branches are yet to start in the District.
The Bank has given top priority for financing Agricultural sector since inception
The Bank was originally registered on 28th June 1921 and started working from 1st Febuary 1922. A band of enthusiastic Co-operators, Officials and non-officials with Sri.Kodandera Cootaiah as the President, set their hands to work for their central organisation. The Bank began with 45 Co-operative societies and 16 individual members with a paid up share capital of Rs.4400.00 and deposit of Rs.10000/-. Since then it has made spectacular progress in its transaction in all spheres of Co-operative Banking activities. At present, there are 271 Co-operative member societies with total share capital of Rs 1717.64 lakhs and the total business of the bank is Rs 1300 crores. It is being second district cooperative central bank in the state to secure licence from RBI in the year 1995.
Though advancement in the banking sphere was a challenge to the co-operatives, but with the sponsorship of NABARD our Bank is fully under Core Banking System with RTGS/NEFT facilities, SMS, Customer information system.