Presidents message
Smt. Bharathi G Bhat
President
It gives me great pleasure to welcome you all to Dakshina Kannada Jilla Mahila Co-operative Bank Ltd., through official website of the bank . The website is an important tool for the development of the Bank business as it provide upto date detail and information about all the activities of the Bank which will facilitate the members and customers to use the services of our Bank easily.
Our Bank is established as first Mahila Urban Co-Operative Bank in District in the year 1994. The Bank has been serving economical weaker section of women for the past 25 years with dedication and total customer focus.
I feel very proud to let you know that the Management of the Bank has always taken a keen interest in providing quality services to our valued customers. The Board of Directors is trying its best to keep the Bank successful in the changing and challenging times. On behalf of the Board of Directors I convey my warm greetings to all of you and assure you that our bank provides a better and personalised service to all its customers and society as well.
In this connection I offer my heartfull thanks to all the founder Board of Directors who has worked wholeheartedly.
Nothing would have been possible without the support and co-operation of all our respected members, administrative wing, staff and all our wellwishers.
I thank each and every one of them for being with me and also request their continued support for all current & future activities of our Bank.
Sarala Kanchan Mahila Bank Founder’s Note on formation of Mahila Bank:
Around 1988 Central Government had approved several programs to empower women but
most women were not aware of these women-oriented schemes and projects. Women at this
period were looked down upon in terms of financial independence. As a social worker I
recognized the need of banking help and moral support to empower women in the society.
At the time when I was the Zilla panchayat member from the Kota constituency in 1988 / 89
there was a destitute woman at Giliyaru village who had lost her husband and was looking after
her 2 small kids by selling cow’s milk. This meagre amount was insufficient for her to manage
her family and she approached me to help her to buy a better breed of cow so that she will be
self-reliant. To support her I had approached a Nationalized bank for a loan with this lady,
initially the bank manager agreed to support the lady but later on when she visited the bank
alone, she was questioned with how she intends to pay back this loan and also asked her to
submit collateral etc and eventually she was sent back with non-processing of her loan.
Similarly, in another village Waddarse, government had sanctioned 5.5 cents land to the
homeless for 30 to 40 families as part of the Ashraya scheme. As the government funding for
building a decent house was insufficient people had approached a nationalized bank who again
refused to sanction loans for this purpose on the basis of how the loan will be paid back. This
really upset me. Other than this small-scale business run by women were being refused loan
facility by these nationalized banks.
This was the time when it was foreseen the need of strong women’s representation in the
banking sector.
I was the Vice president of the Government Cooperative Union for the district. Cooperative
experts like Late Sri. Perarje Srinivas Rao, Late Sri. K. C. Kunder, Late Sri. Oscar Fernandes, Shri.
Shambu Shetty and Sri. Naraya Nayak etc discussed this issue and decided to start a women
Cooperative bank and requested for the permission from The Cooperative Department and the
approval was received with the condition capital deposit sum of Rs.35 lakhs. We collected 3
times more deposit than the stipulated amount of Rs.35 Lakhs. This was achieved by issuing
shares of Rs. 100 each.
Great support received from Anganawadi and Mahila mandals which I founded in every village.
Also, every district’s Mahila Okuta (Organization) supported launch of the newly founded
bank. That is how Mahila Co-Operative Bank was born. . It was also decided to appoint only
women directors from each taluk who had experience in cooperative field to exhibit a good
leadership. Currently we have 3 branches, with a strength of 9175 members holding a total
deposit of Rs. 31 Cores.
Gallery
Founding Board Members
Bharathi G Bhat
President
K Pushpa Shet
Vice President
Sarala B. Kanchan
Founder President & Director
Directors
Sujitha V. Bangera
Director
Shantha R
Director
K. P. Padmavathi
Director
Shobha R. Nalluraya
Director
Shailaja V. Karkera
Director
Shantha P. Bhat
Director
Prafulla T
Director
Hemavathi
Director
Preethi Rai
Director
Mr. I. Raghuram Rao
Director
Mitra Bai
Director
Sarala B. Kanchan
Founder President & Director
K Pushpa Shet
Vice President
The following are elected to the Governing Body for a period of cooperative years
Bharathi G Bhat
President 2024-2025
Directors
Sarala B. Kanchan
Director
Prafulla Rai
Director
M. Sunanda
Director
Aanandi S. Rao
Director
Hemavathi N. Hegde
Director
Lakshmi K Nair
Director
Leelavathi Shetty
Director
Prabhadevi K. M
Director
Pushpa J. Rai
Director
Seethamma B Puthran
Director
Sundari S
Director
Sarala B. Kanchan
Director
Sujitha V. Bangera
Director
Bharathi G Bhat
Director
Devaki P
Director
Elizabeth J Pereira
Director
Harini Sadashiva
Director
Jacintha Pais
Director
Judith M R Mascarenhas
Director
K. P. Padmavathi
Director
Kasthuri P Shetty
Director
Lakshmi K Nair
Director
Meenakshi
Director
Meenakshi S
Director
Monica Menezes
Director
Mr. I. Raghuram Rao
Director
Rekha R
Director
Shakunthala T Shetty
Director
Sharika T Rai
Director
Shobha R. Nalluraya
Director
Shubhangi Shetty
Director
Sujitha V. Bangera
Director
Sunanda Boloor
Director
Uma R Hegde
Director
Yashavanthi Alva
Director
Yashoda Hande
Director
Prafulla Rai
Director
Rate of Interest on Deposits
| Sl.No. | Term | Description | General (% per Annum) | For Senior Citizens (% Per Annum) |
|---|---|---|---|---|
| 1 | 15 Days - 45 Days | 3.50 | 4.00 | |
| 2 | 46 Days - 89 Days | 4.00 | 4.50 | |
| 3 | 90 Days - 179 Days | 5.00 | 5.50 | |
| 4 | 180 Days - 364 Days | 5.50 | 6.00 | |
| 5 | 1 Year | 8.00 | 8.50 | |
| 6 | Above 1 Year | 7.60 | 8.10 | |
| 7 | RD 1 year and above | 7.50 | -- | |
| 8 | S B A/c | 3.00 | -- | |
| 9 | 1 Year -(For co-operative societies ) | 8.75 | -- |