Established in 1974 at Davangere, Shiva Sahakari Bank Niyamitha is a member-driven cooperative bank committed to promoting financial inclusion, mutual cooperation, and sustainable economic development. The Bank has been serving its customers continuously for over five decades and is presently in the process of celebrating its Golden Jubilee, marking 50 years of dedicated service to the community.
The Bank was founded under the visionary guidance of Late Shri Sharana Maganuru Basappa, whose principles continue to shape its institutional values. The Bank is presently led by Shri Sanagameshwara Gowda M. B., under whose stewardship the Bank has progressed by integrating traditional cooperative principles with contemporary banking systems and practices.
With a strong emphasis on inclusive growth, the Bank extends membership across all sections of society and provides need-based credit facilities to agriculture and allied activities, small-scale and cottage industries, trade and commerce, housing, vehicle finance, salaried individuals, and gold loan requirements. Priority sector lending and support to weaker sections remain key focus areas in line with cooperative banking objectives.
The sustained confidence of members and customers is reflected in the Bank’s financial position. As on date, the Bank has mobilized deposits amounting to ₹36,336.16 lakhs and has extended advances of ₹23,990.29 lakhs, supported by a sound base of share capital and reserves, positioning it among the leading cooperative banks in the State.
All branches of the Bank are operating under a Core Banking Solution (CBS) with Any Branch Banking facilities. Customers are provided access to digital and payment services including RuPay Debit Cards, RTGS, NEFT, IMPS, Mobile Banking, SMS Alerts, and CTS-enabled cheque clearing, ensuring secure, efficient, and transparent banking operations.
The Bank continues to strengthen customer service through facilities such as Safe Deposit Lockers at seven locations, deposit insurance coverage under DICGC up to ₹5 lakh, preferential benefits to senior citizens, gold loan schemes, and Banking on Wheels, thereby enhancing accessibility and service outreach.
Shiva Sahakari Bank Niyamitha stands as one of the leading Urban Co-operative Banks in the State of Karnataka, rooted deeply in the ideals of the co-operative movement. Founded by Late Sharana Maganur Basappa, Sri K. G. Kalappa, and other visionary co-operators, the Bank was established with a noble mission to nurture the habit of thrift and savings among the public and to liberate its members from the burden of private moneylenders. Guided by a people-centric and inclusive philosophy, the Bank remains committed to serving consumers and economically weaker sections with care and integrity.
The institution began its journey in 1974 as the Shiva Merchants Co-operative Bank. Over time, it evolved into Shiva Co-operative Bank and later assumed its present identity as Shiva Sahakari Bank Niyamitha, reflecting its steady growth and expanding role in the financial ecosystem. Starting with just 200 members and With a share capital of ₹80,000, the Bank laid a strong foundation by mobilizing deposits, extending credit, and distributing dividends even in its formative years.
Today, Shiva Sahakari Bank Niyamitha has grown into a trusted financial institution with a total business exceeding ₹425.00 crore. With seven branches and a centrally located Head Office spread across Karnataka, the Bank continues to extend reliable and accessible banking services to its members and customers.
Operating on strong co-operative principles, the Bank has proudly completed over 52 years of dedicated service. Consistent profitability, regular dividend distribution, and an ‘A’ Grade Audit classification stand as testimony to its sound governance and financial discipline. The visionary and transparent leadership of the Board of Directors, supported by a team of committed and professional staff, has been instrumental in achieving this sustained success.
The Bank celebrated its Silver Jubilee in 1999 and now looks forward with pride and confidence to celebrating its Golden Jubilee, reaffirming its enduring commitment to co-operative values and community development.
