About Us
Manvi Pattana Sahakari Bank was started in 1995 and has established itself as a leading financial service provider in Raichur. The bank has consistently performed well and has reached an annual turnover of over Rs. 400 Crores. It has one of the highest productivity per employee and the lowest NPA in Karnataka. Mr Thimmaiah Shetty, the founder of the bank has always adopted the leading technology to enable customers to avail best possible banking services.The bank offers a world-class infrastructure for its customers to conduct their banking transactions. The bank provides ATM facilities for its customers, who can draw money in any of the ATMs across India. Several facilities such as e-stamping, RTGS/NEFT,IMPS and UPI are offered to its customers.
Bank History
During the year 1993-94 when there was no financial support by the scheduled and commercial Banks to the rural areas and to the common peoples.
The founder chairman of this Bank Sri. R. Thimmaiah Setty has planned to establish this urban Bank to help the rural and common people of the area.
During the time the Reserve Bank of India was also liberalized the licensing to the primary urban co-operative Banks in the state of Karnataka. By Utilizing this opportunity our chairman has succeeded to get the registration of this Bank and license from the Reserve Bank of India. Presently the Bank area of operation in Entire State of Karnataka.
The function of Bank stared from 31.07.1995 with a capital of Rs.6.40 Lakhs share capital and 45 lakhs deposits. The chairman ambitious was to take the branch expansion only after becoming Sustainable viability. So branch expansion started from 2013-14 onwards.
In 2009:- Decision taken to implement the (CBS) core banking solution and data migration.
New Business Strategies:
Implementation of core Banking solution with computer OS.
► Primary connectivity through MPLS and secondary connectivity through CDMA, Internet Banking interface, WAN management service.
► Data migrating from existing Banksoft software to CBS, Inter Branch transaction.
In 2013-
► Integration, Interfacing, EFT Switch/Net work services from Sarvatra Technology Pvt Ltd.
► Connectivity with national wide ATM Network through NFS.
► POS terminal connected through GPRS ATM/Debit (Repay Card) Management System.
► NFS Sub membership, allotment of Rupay Debit Card IIN.
► Entering agreement with HDFC Bank as sponsor carried by all on tech. NFS which managed by NPCI.
In 2014:- Branch expansion programme proposals submitted to the Reserve Bank of India. The Reserve Bank of India granted permission and license for opening of 10 branches on 30.05.2014, all the 10 branches where opened within the stipulated period. Ie within June 2015.
Reserve Bank of India permitted to expand 10 new branches with in Raichur, Koppal, and Bellary districts of Karnataka state, and 10 Branches have been opened in 2014-15. As such now 11 Branches + Head Office is working with an establishment of 96 young and energetic (staff excluding Sub-Staff and Driver whose service are taken from outsource) and also with latest technology like ATM, Core Banking, Mobile Banking,UPI Etc.
Our Bank is started Micro Finance since Jan-2015 envisaging door step Banking service which is the first urban Bank to do so in the state our logo signifies our object “Promoting Livelihood”