Shivamogga DCC bank to open new branches to reach out to customers, says bank president

Shivamogga District Cooperative Central (DCC) Bank president R.M. Manjunath Gowda said the slope has taken galore initiatives, including opening caller branches, to connection hassle-free services to its implicit 3.5 lakh customers crossed the district.

Speaking to the media aft releasing the bank’s calendar for the twelvemonth 2026 present connected December 24, Mr. Gowda said that the slope opened 8 caller branches, expanding the full fig of branches to 36. Another 14 branches volition beryllium opened successful the coming year, taking the fig to 50 earlier 2028, the twelvemonth erstwhile the slope volition observe its platinum jubilee.

The bank, helium said, has been known for providing services connected par with commercialized banks. It launched Kisan recognition cards arsenic aboriginal arsenic 1999. “Soon, we volition beryllium introducing Immediate Payment Service (IMPS) and UPI-based transactions truthful that customers successful agrarian areas request not sojourn the branches,” helium said.

The president said the slope had disbursed a harvest indebtedness of ₹1,300 crore to 1.2 lakh customers. Besides that, it provided loans worthy ₹160 crore to 3,488 self-help groups successful the district. The non-performing assets of the slope are little than 1%. The yearly transaction reached ₹3,700 crore, and the slope secured an A-grade for its operations from National Bank for Agriculture and Rural Development (NABARD).

Shivamogga DCC bank’s office-bearers were contiguous astatine the property conference.