Chairman's Message

The South Canara District Central Co-operative Bank, which has emerged as a model institution in the co-operative sector through its unique and innovative achievements, continues to remain at the forefront of development. By implementing diverse schemes and adopting modern banking practices, our Bank has established itself as a model institution in the country and has earned the appreciation and goodwill of the farming community and its customers. With its commitment to public service, the Bank has earned the trust and confidence of all sections of society. Through its distinctive and innovative achievements in the     co-operative sector, the Bank has earned the recognition of being the first District Central Co-operative Bank in the country and has established itself as a people-oriented institution.

The South Canara District Central Co-operative Bank was established in 1913 and commenced its operations in 1914. The Bank has now completed 112 years of its journey and continues to remain at the forefront of development. The achievements recorded by the Bank through the implementation of various schemes during the financial year under review are remarkable.

The Bank continues to provide superior banking services to its customers by adopting innovative banking systems and leveraging advanced technology. Core Banking Services are available across all 113 branches of the Bank. Various digital banking services, including Mobile Banking, Tab Banking, Unified Payments Interface (UPI) and Immediate Payment Service (IMPS), RuPay debit Card and RuPay KCC debit card are being provided to customers. During the financial year under review, the Bank has also undertaken a plan to open 10 new branches.

The South Canara District Central Co-operative Bank, which has a long-standing record of public service, has exceeded its targets across various business parameters during the financial year under review. For the financial year ended   31-03-2026, the Bank recorded a profit of Rs. 131.14 crore. This represents an all-time record in the history of the Bank. Despite providing credit facilities to farmers at concessional interest rates, the Bank has achieved strong profitability and continues to progress steadily on its path of growth.

Contributing to the development of the co-operative sector, the Bank achieved total business of Rs. 20,225.00 crore during the financial year under review, thereby creating a new milestone in its history. Despite intense competition from commercial banks in deposit mobilisation, our Bank mobilised total deposits of Rs. 9,264.85 crore through its 113 branches. With this achievement, the Bank has earned recognition as the District Central Co-operative Bank with the highest deposit mobilisation in the State.

Despite the prevailing competitive economic environment, the Bank remained committed to serving its customers and members and recorded total advances of Rs. 9,766.75 crore during the financial year. A total of 1,104   co-operative societies are members of the Bank. The share capital of the Bank stands at Rs. 554.11 crore, while its working capital stands at Rs. 15,011.73 crore. The Bank has various funds amounting to Rs. 312.89 crore.

The Bank achieved 100% recovery of all agricultural loans disbursed during the financial year under review. The Bank has continuously achieved this remarkable feat for the past 31 years, which is a national record. In the undivided South Canara District, 13 Primary Agricultural Credit Co-operative Societies have achieved 100% recovery of agricultural loans during the year. On this occasion, I congratulate the Boards of Directors and staff of these co-operative institutions for their commendable performance.

The Bank has played a significant role in strengthening the Self-Help Group movement in the undivided South Canara District by providing a strong institutional foundation for their organisation and development. Through various co-operative societies, a total of 34,768 Self-Help Groups have been formed. The aggregate savings of these groups amount to Rs. 156.14 crore. Credit facilities have been extended to a total of 34,746 Self-Help Groups, with total credit outstanding of Rs. 463.82 crore.

The South Canara District Central Co-operative Bank, which has attracted national attention through its people-oriented initiatives in the co-operative banking sector, has received the Karnataka State Co-operative Apex Bank Award on 23 occasions. In addition, the Bank has received NABARD awards on 19 occasions for its performance in the promotion and management of Self-Help Groups. It is a matter of great satisfaction that, during the financial year under review, our Bank received the “APY National Award” for the effective implementation of the Atal Pension Yojana, marking the fifth occasion on which the Bank has received this national recognition.

The Bank, which has always taken the lead in strengthening the financial position of co-operative institutions, has recorded significant achievements during the financial year under review. Recognising that the people of both districts and our co-operative fraternity have been the driving force behind these achievements, I place on record my sincere gratitude to all of them.

I express my sincere gratitude to the Hon’ble Chief Minister of Karnataka, the Hon’ble Deputy Chief Minister, the Hon’ble Minister for Co-operation, all members of the Council of Ministers, the Ministers in charge of both districts, and the Government of Karnataka for their continued support towards the overall development and functioning of the Bank. I also express my gratitude to NABARD and the Reserve Bank of India for their guidance and support.

I express my sincere gratitude to all the public representatives of both districts, the Karnataka State Co-operative Apex Bank, officers of the Co-operative Department, government officials, the Co-operative Unions of both districts, Primary Agricultural Credit Co-operative Societies, members of the Boards of Directors of various co-operative societies and institutions, and our esteemed customers and members of the farming community for their valuable support towards the growth and progress of the Bank.

On behalf of the Board of Directors, I extend my heartfelt appreciation and gratitude to the members of the print and electronic media for their continued support and for playing an important role in highlighting the progress and achievements of the Bank.

I also place on record my appreciation for the members of the Board of Directors and the staff of the Bank for their sincere, dedicated and committed service. I look forward to the continued cooperation and support of all of you in taking the Bank forward and further strengthening its position in the co-operative banking sector.

|| Jai Sahakar ||

Dr.M.N.Rajendra Kumar
Chairman