About Us
We are “RC Mahila Sahakari Bank”
Rani Channamma Mahila Sahakari Bank Niyamit, Belagavi started its operations as a full-fledged urban Co-Op. Bank on 16.02.1997 to serve its Mahila members living in Belgaum district. The Bank was inaugurated by the honorable Minister for Kannada & Sanskruti Dept. Ms. Leelavati Prasad and with best wishes and support of Dr. Prabhakar Kore chairman of KLE Society Belagavi. The Bank started its operations with Rs. 32.00 lakhs shares collected from 3036 Mahila members and deposits of Rs. 18.60 lakhs. Today under the leadership and guidance of our President Ms. Asha P. Kore the Bank has shown fourfold growth. Present loans are Rs 20652.31 Lakhs.
Founder President View
“Rani Channamma Mahila Sahakari Bank Niyamit” has a distinct track record in the service of the state. Offering in Karnataka is carefully crafted for the distinguished few. We believe that the right culture and expertise to provide the financial solution for private banking clients. We look forward in building our relationship with you and your family and to being your wealth manager and financial partner for generations.
Our Founders
Dr. Prabhakar B Kore
Chairman of KLE Society
V.M. Patted
G.D.C & A.C, A.I.I.B
Performance at a glance (in lakhs)
2018-2019 | 2019-2020 | 2021-2022 | 2022-2023 | |
DEPOSITS | 20680.00 | 25045.93 | 27001.6 | 35595.85 |
ADVANCE | 13532.50 | 15196.40 | 17216.7 | 20652.31 |
PROFIT (AFTER TAX) | 212.46 | 286.42 | 403.95 | 519.40 |
Board of Directors
President
Dr. Preeti K. Doddwad
Smt. Roopa J. Munavalli
Smt. Roopa J. Munavalli
Directors
Smt. Asha P. Kore
Dr. Suwarnalatha N. Bansode
Smt. Rajeshwari M. Kavatgimath
Smt. Arundhati A. Patted
Smt. Deepa S. Munavalli
Smt. Pooja K.Sadhunavar
Smt. Kirti J. Metgud
Smt. Seema P. Bagewadi
Smt. Girija M. Koujalagi
Dr. Pushpa V. Mamdapur
Professional Directors
Smt. Jyoti G. Mathad
Ms. Beena G. Achar
Board of Management
Smt. Roopa J. Munavalli
Miss. Beena G. Achar
Smt. Nikita V. Asundi
Smt. Jyoti Katti
Dr. Nalini Karchi
Financial Strength
Present Status:
Recognized as one of the most strong and stable banks in the Co-operative sector achieving sustained growth.
Important Highlights as in 31-3-2024.
| 1 | Area of operation | Karnataka |
| 2 | Number of Shareholders | 5789 |
| 3 | Number of staff | 68 |
| 4 | Net Worth (In lakhs) | 4030 |
| 5 | CRAR | 18.28% |
| 6 | Priority Percentage | 62.17% |
| 7 | Defaults in maintenance of CRR & SLR Reported | NIL |
| 8 | Audit Classification | A |
| 9 | Dividend | 15% |
Financial result for the last three years: (Amt. In Lakhs)
| Sl No. | Particulars | 31/03/22 | 31/03/23 | 31/03/24 |
| 1 | Paid Up Share Capital | 636.49 | 639.25 | 609.50 |
| 2 | Reserves & Funds | 2993.83 | 3538.89 | 4162.85 |
| 3 | Deposits | 32811.94 | 35595.85 | 37579.89 |
| 4 | Advances | 17725.21 | 20652.31 | 23603.70 |
| 5 | Gross Profit | 615.38 | 728.91 | 997.33 |
| 6 | Net Profit | 435.38 | 519.4 | 724.33 |
| 7 | Gross NPA | 2.41% | 1.56% | 1.71% |
| 8 | Net NPA | 0.00% | 0.00% | 0.00% |
