It is a matter of great privilege for us to introduce the Mahila Co-operative Bank Ltd., situated at No.14 South End Road, Seshadripuram, Bangalore – 20.
The Mahila Co-operative Bank is an unique Co-operative institution in the city of Bangalore the first of its kind, being managed by enterprising women. The bank was founded by certain eminent members of the Nagarika samithi, Malleswaram namely Late P.Ramdev, Sri. K.Narasimha Setty, Late. Dr. P.S.V.Setty, Dr. Lakke Gowda and the Late Kailashnath Mishra.
The zest and zeal of women co-operators like Smt. A.Pankaja, Late.P.V.Parvathi, Smt. Vilasini has also gone a long way in building and strengthening the Bank. The ideals and the hard work put in by these persons have made the dream of bank exclusively for women, became a reality. The meteoric rise of the bank would not have been possible but for the actuate encouragement and guidance of the department of Co-operation and Reserve Bank of India for which the bank remains ever grateful.
The bank was registered in the year 1977 and was licensed by RBI in the year 1979. At present the area of operation of the bank extend to the Bangalore city corporation, BDA limits, Ramnagara and Tumkur
The main object of the bank from its very inception has been to assist the poor and needy women of the weaker section of the society in improving their standard of living by generating sources of finance which enable them to supplement their family income and help them to become self reliant. Assistance apart, the main thrust of the bank has been to encourage thrift amongst its members.