Sir M Visvesvaraya Co-operative Bank Ltd., was established in the year 1979 by a few like minded individuals from different walks of life with a view to cater the banking needs of lower and middle class people with a special attention to the working class.
The Bank believes in Consumer Oriented approach. The Bank is eager to provide services to the maximum extent in view of globalization and also the challenges posed by the beginning of the new millennium. The main objective of the Bank is to strive hard to know and understand the needs of the Members and Customers. This will enable the Bank to establish predetermined goals and to attain them. Through the 40 Years of being in business, Sir M. Visvesvaraya Co-Operative Bank has always placed the Interests of its valued Customers in the pivotal position. This is reflected as much in the Warm, Friendly Atmosphere at every branch as it is in the various Customer Friendly Schemes for Deposits & Advances. The Bank always aims towards being a “Bench Mark in Co-Operative Banks in India” with out deviation in Co-operative principle. Modernisation has never taken a back seat at Sir M. Visvesvaraya Co-Operative Bank Ltd. Core banking Solutions in all its Branches are proof of this.
Continuous Growth in Deposits and Advances and increased number of growth in Deposits Advances, increased number of members and Customers over the past 40 Years has placed Sir. M. Visvesvaraya Co-Operative Bank Ltd one among the top Co-operative Banks of the State. Sir M. Visvesvaraya Co-Operative Bank Ltd believes in decentralization. This will enable the bank to dispose off the Loan Applications quickly.
The following policies have been formulated by our Bank :- 1. KYC Policy 2. Clearing Policy 3. Cheque Collection Policy 4. Customer Service Policy 5. Information Security Policy 6. Clean Note Policy 7. Loan Policy 8. Investment Policy 9. Income Recognition, Asset Classification and Provisioning Policy 10. Valuation Policy 11. Recruitment/Promotion/Transfer Policy 12. One Time Settlement Policy 13. Information Systems (IS) Security & IS Audit Policy