Swarna Bharathi Sahakara Bank

The Swarnabharathi Sahakara Bank Niyamitha., was founded in the year 1999 by Sri T.N. Chowdappa one of the retired JRCS and a veteran co-operator. The first promoters meeting was held on March 30, 1999. The bank was registered under co-operative Societies Act 1959 on 1999 and licensed by the Reserve Bank of India under B R Act, 1949(AACS) on 23.02.2000/-. opening of the bank was inaugurated by Sri H.Narasimhaiah.

To be an ethically based, efficiently managed, financially sound Urban Co-operative Bank, providing need based quality customer service by committed and dedicated workforce by introducing innovative banking products using state of the art technology and thereby strengthening the banking sector in general and urban co-operative banking sector in particularPresent Management

The present management under able administrator Sri. Thibbegowda.M who is the president since Aug 2023 to till date with his ever increasing enthusiasm, the efficient administration is a guiding force and under whose visionary approach bank was able to progress in deposit mobilization, admission of new members, and substantial increase in loan portfolio. All financial parameters have taken a giant stride under his leadership.
There is substantial increase in loan recovery as it evidenced by bank’s gross NPA at 3.70% and “0%” Net NPA for the year 2016-17 & gross NPA at 2.78% and “0%” Net NPA for the year 2017-18. The untiring effort of Incharge Chief Executive Officer Sri. Lakshmi Sagar Reddy and all the staff members contributed to the present position of the bank.