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 bank has taken many initiatives, including opening new branches, to offer hassle-free services to its over 3.5 lakh customers across the district.

Speaking to the media after releasing the bank’s calendar for the year 2026 here on December 24, Mr. Gowda said that the bank opened eight new branches, increasing the total number of branches to 36. Another 14 branches will be opened in the coming year, taking the number to 50 before 2028, the year when the bank will celebrate its platinum jubilee.

The bank, he said, has been known for providing services on par with commercial banks. It launched Kisan credit cards as early as 1999. “Soon, we will be introducing Immediate Payment Service (IMPS) and UPI-based transactions so that customers in rural areas need not visit the branches,” he said.

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

Shivamogga DCC bank’s office-bearers were present at the press conference.