While a few mahila concerted Bankss due to jobs got merged with other Bankss, Many mahila co-operative Bankss in the state are runing expeditiously with profitableness and have created history in adult females empowerment. There may be exclusions that a few Bankss got merged with other Bankss or had to shut down due to grounds best known to them.To name a few successful Bankss, Manndeshi, Bhagini Nivedita, Astha Mahila including Sree Banashankari Mahila Co-operative bank have excelled in adult females empowerment forepart. Urban Credit ‘s M B Ratnannavar writes on SBMC.

Born out of dream and vision of a extremely divine and enterprising group of 15 like minded adult females, led by Smt. Prabha Shekar, Bangalore based Sree Banashankari Mahila Co-operative Bank is one of the few mahila Bankss that is in banking concern for more than a decennary. An advocator of adult females empowerment and station alumnus in Science in Sericulture, Ms Prabha Shekhar and her squad idea of advancing a fiscal establishment entirely for adult females, of adult females and by adult females. Their object was to supply chance for adult females in nest eggs every bit good as obtaining fiscal aid to better their economic strength.

Though ab initio formed as a Credit Co-operative Society in October 1996 under the Karnataka Co-operative Society Act 1949, and subsequently obtaining the necessary licence from Reserve Bank of India to make banking concern, SBMC became a co-operative bank from 8th May 1997.

It was a ambitious undertaking for the leaders to mobilise capital, rank and sedimentations, all without engagement of male members at any phase. The bank was officially inaugurated on 9th June 1997 by the so Chief Minster of Karnataka, J.H.Patel and Smt. Sarvamangala Patel.

Unfortunately, the laminitis President Ms Prabha Shekar earnestly took ailment and passed off on 3rd November 1997, less than 6 months of the origin of the bank. The duty for pull offing the bank personal businesss fell on the so Vice President Ms Bhagya Chandrasekhar. Since so Smt. Bhagya Chandrashekar as its President, is go oning the mission and transporting on the establishment, with another enterprising industrialist Smt. Shashikala V as Vice President.

The bank has progressed fast and earned the trust and good will of the people. The bank ‘s portion capital which was Rs. 26.80 hundred thousand in 1997 has grown to Rs. 131.58 hundred thousand in 2010. The sedimentations have reached the tallness of Rs.2237.35 hundred thousand from Rs 97.7 hundred thousand during this period. The progresss have growing from Rs.41.98 hundred thousand to Rs. 1169.01 hundred thousand. Directors were successful in obtaining professional expertness and recruited employees, all adult females.

The bank employs 10 adult females, from top direction to operating and subordinate staff.

Harmonizing to Ms Bhagya Chandrasekhar, the bank ‘s Presideent, all the managers and the staff received first-class preparation from assorted professional establishments and established good administration. This has led to having grasp of RBI and the Government. Customer orientation has rendered the bank to offer quality and seasonably services to clients turning them to see delectation of banking experience. “ Our bank has non merely played an of import function in the upliftment of economically hapless adult females but besides provide them chances of autonomy and nutriment. Our bank ‘s spouses in this venture include Women Development Corporation, IDF, Chamber of Industries and Commerce, TESOK, etc ” said Ms Bhagya Chandrasekhar.

Explaining the bank ‘s many number ones, she named a few. They are – ( see box below )

— — — — — — — — — — — box — — — — — — — — — — —

Sree Banashankari Mahila Co-operative Bank is the first

To hold professional managers in the Board since the origin.

To widen fiscal aid to Self-help Groups through NGO ‘s.

To sell Gold coins to clients with tie up from ICICI Bank.

To present Micro finance to the Pigmy Depositors.

To present Monthly Income Scheme at the doorsill entirely for Senior Citizens.

To present UTI ‘s Pension strategy to its members.

To form adult females entrepreneur development programmes and supply chance in widening selling support through exhibitions and carnivals yearly

To supply fiscal aid to adult females below poorness line to hold their ain shelter.

To work with computing machines from twenty-four hours one.

To present near ended sedimentation strategies

— — — — — — — — -box terminals — — — — — — — — —

The bank has assumed societal duties and conducted many non-banking services. Medical Check-up cantonments, distribution of notebooks and uniforms to schoolchildren, are among them.

The bank has experienced a steady growing in concern which can be seen from its strong fiscal basicss below:

The fiscal place for the last eight old ages is given below: –

Particulars

31.03.2005

31.03.2006

31.03.2007

31.03.2008

31.03.2009

31.03.2010

Share Capital

112.11

116.92

118.24

121.04

128.00

131.58

Deposits

1291.03

1412.34

1574.82

2010.96

2050.57

223735

Loans & A ; Progresss

707.37

879.77

926.38

1003.07

1241.47

1169.01

Investings

659.57

617.87

781.29

1043.38

918.05

1171.31

Working Capital

1450.74

1579.22

1758.19

2214.59

2269.69

2465.02

Net net income

2.44

22.23

22.35

22.38

3.98

22.40

NNPA

5.47 %

3.80 %

3.49 %

2.23 %

3.60 %

1.60 %

With the fiscal aid received from the bank figure of adult females have become successful enterprisers. They are all in congratulations of the bank and look frontward to farther support from the SBMC. One of such enterpriser, and a client, Smt. Roopa Rathna. R, said,

A

“ Life has many up ‘s and down ‘s. It has many darker stages but besides gives us a brighter stage following. It ‘s non in the stars to keep our fate but it is in ourselves. Yes, my life is besides the same. In my life I have experienced many up ‘s and down ‘s. “ A A

I am occupant of Bangalore was financially really weak. It was hard for me to do both the terminals meet, I stitched apparels for people. The first alteration came merely when a man of affairs all of a sudden stepped into my store and suggested me to get down a little hose concern. I ventured in with Rs 2000/- along with sewing work at place. I had to work hard. Satisfaction that I got from what I was in made me confident to better farther my concern. At this point my attack to SBMC for the loan installation made my undertaking easier.A A

This bank non merely financed me for my concern, but besides asked me to go to the guidance categories conducted by the bank to the adult females enterpriser by WDC ( Women Development Corporation ) . Reding categories and personal guidance were really utile to me where I was trained to manage the concern successfully. I was tought how to manage marketing/ gross revenues and finance. They besides gave me the chances to open stables in the exhibitions and hence I have attended about 6 to 10 exhibitions. By this clip my concern gave me good income to beef up myself and to develop my concern farther. I took a loan of Rs 2,00,000/- from the bank. , and opened a good furnished store at Nagarthpet.A A

To add another plume to my cap, IDF chose me as the Best Women Entrepreneur. They besides helped me to change over my store from retail to sweeping trader. They besides provided me with Udyogini Training categories for managing my concern further expeditiously. Today after four and half old ages my concern is improved and I can confidentially state that now I can besides manage large showrooms.A Today, SBMC Bank, is the ground behind my success.A The bank did non merely impart me money but besides provided an chance for me to turn concern which in bend led to supply occupations to many ladies.A

Thanking the bank and its functionaries, Roopa Ratna said, “ SBMC non merely helped me to go a successful concern adult female, but besides made meA Self Sufficient, Self Reliant and an Independent Woman. Without the counsel and preparation from them I would n’t hold been able to accomplish such a happy and successful life. I assure that while I support the bank in its farther enterprise, in bend I besides hope to go on to assist the enterprising adult females to thrive ” .A

At a clip when the bank is come ining a decennary of service to the society, the direction and the staff are non sitting simply on past accomplishments, but are doing all unit of ammunition attempts to accomplish excellence in all its enterprises to supply seasonably and quality services. Customer delectation is what the SBMC Bank has determined to offer.

******************

End OF THE MATTER

Profile of Sree Banashankari Mahila Co-operative Bank Ltd.

A Decade of Dedication & A ; a Saga of Success of Women Empowerment

“ Sree Banashankari Mahila Co-operative Bank Ltd. , ” was born out of dream and vision of a extremely divine and enterprising group of 15 like minded adult females, led by Smt. Prabha Shekar, a Post Graduate in scientific discipline in Sericulture and an advocator of Women Empowerment. They thought of advancing a fiscal establishment entirely for adult females, of adult females and by adult females. The object was to supply chance for adult females in nest eggs every bit good as obtaining fiscal aid to better their economic strength.

The Bank was foremost formed as a Credit Co-operative Society under the Karnataka Co-Operative Society Act 1949, in October 1996. After obtaining the necessary licence from Reserve Bank of India to make banking concern, it became a Co-operative Bank from 8th May 1997.

It was a ambitious undertaking for the leaders to mobilise capital, rank and sedimentations, all without engagement of male members at any phase. The Bank was officially inaugurated on 9th June 1997 by the so Chief Minster of Karnataka Sri. J.H.Patel and Smt. Sarvamangala Patel.

Directors were successful in obtaining professional expertness and recruited employees, all adult females.

Unfortunately, the laminitis President Smt Prabha Shekar earnestly took ailment and passed off on 3rd November 1997, less than 6 months of the origin of the Bank.

The rounds of leading so fell in to the custodies of a mature and dedicated Smt. Bhagya Chandrashekar so frailty president of the Bank to go on the mission and carry on the establishment as President, with another enterprising industrialist Smt. Shashikala V as Vice President.

Since so, the Bank progressed fast and earned the trust and good will of the people. The Bank ‘s portion capital has grown from 26.80 hundred thousand in 1997 to 131.58 in 2010. The sedimentations have reached the tallness of Rs.2237.35 hundred thousand from Rs 97.7 hundred thousand during this period. The progresss have growing from Rs.41.98 hundred thousand to Rs. 1169.01 hundred thousand. The Bank has employed 10 people, once more all adult females, from top direction to operating and subordinate staff.

The Directors and the Staff received first-class preparation from assorted professional establishments and established good administration, therefore having grasp of RBI and the Government. Customer orientation has rendered the Bank to offer quality and seasonably services to clients turning them to see delectation of Banking experience.

The Bank has besides played an of import function in the upliftment of the economically hapless adult females, supplying them chances of autonomy and nutriment. Banks spouses in this cause include Women Development Corporation, IDF, Chamber of Industries and Commerce, TESOK, etc.

The Bank has many First ‘s. To call a few,

The First Mahila Co-operative Bank to hold professional managers in the Board since the origin.

The First Mahila Co-operative Bank to widen fiscal aid to Self-help Groups through NGO ‘s.

The First Mahila Co-operative Bank to sell Gold coins to clients with tie up from ICICI Bank Ltd.

The First Mahila Bank to present Micro finance to the Pigmy Depositors.

The First Mahila Co-operative Bank to present Monthly Income Scheme at their doorsill entirely for Senior Citizens.

The First Mahila Co-operative Bank to present UTI ‘s Pension strategy to its members.

The First Mahila Co-operative Bank to form adult females entrepreneur development programmes and supply chance in widening selling support through exhibitions and carnivals yearly

The First Mahila Co-operative Bank to supply fiscal aid to adult females below poorness line to hold their ain shelter.

The First Mahila Co-operative Bank working with computing machines from twenty-four hours one.

The First Mahila Co-operative Bank to introduc7e near ended sedimentation strategies

The Bank has assumed societal duties and conducted many non-banking services. Medical Check-up cantonments, distribution of notebooks and uniforms to schoolchildren, are among them.

The Banks fiscal basicss are really strong. The Bank has experienced a steady growing in concern. The Bank ‘s capital is about Rs. 131.58 hundred thousand and Deposits is 2237.35 hundred thousand, Advances is 1169.01 hundred thousand and Investments is 1171.31 hundred thousand as at nowadays.

The Bank is of the few concerted Banks doing net incomes and administering dividend to its members.

The fiscal place for the last eight old ages is given below: –

Particulars

31.03.2005

31.03.2006

31.03.2007

31.03.2008

31.03.2009

31.03.2010

Share Capital

112.11

116.92

118.24

121.04

128.00

131.58

Deposits

1291.03

1412.34

1574.82

2010.96

2050.57

223735

Loans & A ; Progresss

707.37

879.77

926.38

1003.07

1241.47

1169.01

Investings

659.57

617.87

781.29

1043.38

918.05

1171.31

Working Capital

1450.74

1579.22

1758.19

2214.59

2269.69

2465.02

Net net income

2.44

22.23

22.35

22.38

3.98

22.40

NNPA

5.47 %

3.80 %

3.49 %

2.23 %

3.60 %

1.60 %

CRAR

22 %

17 %

16 %

15 %

13.34 %

18.23 %

At a clip when Bank is come ining a decennary of service to the society, the direction and the staff are non sitting simply on past accomplishments, but are doing all unit of ammunition attempts to accomplish excellence in all its enterprises to supply seasonably and quality services. Customer delectation is what the Bank has determined to offer.

******************

CRARProfile of Sree Banashankari Mahila Co-operative Bank Ltd.

A Decade of Dedication & A ; a Saga of Success of Women Empowerment

“ Sree Banashankari Mahila Co-operative Bank Ltd. , ” was born out of dream and vision of a extremely divine and enterprising group of 15 like minded adult females, led by Smt. Prabha Shekar, a Post Graduate in scientific discipline in Sericulture and an advocator of Women Empowerment. They thought of advancing a fiscal establishment entirely for adult females, of adult females and by adult females. The object was to supply chance for adult females in nest eggs every bit good as obtaining fiscal aid to better their economic strength.

The Bank was foremost formed as a Credit Co-operative Society under the Karnataka Co-Operative Society Act 1949, in October 1996. After obtaining the necessary licence from Reserve Bank of India to make banking concern, it became a Co-operative Bank from 8thMay 1997.

It was a ambitious undertaking for the leaders to mobilise capital, rank and sedimentations, all without engagement of male members at any phase. The Bank was officially inaugurated on 9thJune 1997 by the so Chief Minster of Karnataka Sri. J.H.Patel and Smt. Sarvamangala Patel.

Directors were successful in obtaining professional expertness and recruited employees, all adult females.

Unfortunately, the laminitis President Smt Prabha Shekar earnestly took ailment and passed off on 3rdNovember 1997, less than 6 months of the origin of the Bank.

The rounds of leading so fell in to the custodies of a mature and dedicated Smt. Bhagya Chandrashekar so frailty president of the Bank to go on the mission and carry on the establishment as President, with another enterprising industrialist Smt. Shashikala V as Vice President.

Since so, the Bank progressed fast and earned the trust and good will of the people. The Bank ‘s portion capital has grown from 26.80 hundred thousand in 1997 to 131.58 in 2010. The sedimentations have reached the tallness of Rs.2237.35 hundred thousand from Rs 97.7 hundred thousand during this period. The progresss have growing from Rs.41.98 hundred thousand to Rs. 1169.01 hundred thousand. The Bank has employed 10 people, once more all adult females, from top direction to operating and subordinate staff.

The Directors and the Staff received first-class preparation from assorted professional establishments and established good administration, therefore having grasp of RBI and the Government. Customer orientation has rendered the Bank to offer quality and seasonably services to clients turning them to see delectation of Banking experience.

The Bank has besides played an of import function in the upliftment of the economically hapless adult females, supplying them chances of autonomy and nutriment. Banks spouses in this cause include Women Development Corporation, IDF, Chamber of Industries and Commerce, TESOK, etc.

The Bank has manyFirst ‘s. To call a few,

The First Mahila Co-operative Bank to hold professional managers in the Board since the origin.

The First Mahila Co-operative Bank to widen fiscal aid to Self-help Groups through NGO ‘s.

The First Mahila Co-operative Bank to sell Gold coins to clients with tie up from ICICI Bank Ltd.

The First Mahila Bank to present Micro finance to the Pigmy Depositors.

The First Mahila Co-operative Bank to present Monthly Income Scheme at their doorsill entirely for Senior Citizens.

The First Mahila Co-operative Bank to present UTI ‘s Pension strategy to its members.

The First Mahila Co-operative Bank to form adult females entrepreneur development programmes and supply chance in widening selling support through exhibitions and carnivals yearly

The First Mahila Co-operative Bank to supply fiscal aid to adult females below poorness line to hold their ain shelter.

The First Mahila Co-operative Bank working with computing machines from twenty-four hours one.

The First Mahila Co-operative Bank to introduc7e near ended sedimentation strategies

The Bank has assumed societal duties and conducted many non-banking services. Medical Check-up cantonments, distribution of notebooks and uniforms to schoolchildren, are among them.

The Banks fiscal basicss are really strong. The Bank has experienced a steady growing in concern. The Bank ‘s capital is about Rs. 131.58 hundred thousand and Deposits is 2237.35 hundred thousand, Advances is 1169.01 hundred thousand and Investments is 1171.31 hundred thousand as at nowadays.

The Bank is of the few concerted Banks doing net incomes and administering dividend to its members.

The fiscal place for the last eight old ages is given below: –

Particulars

31.03.2005

31.03.2006

31.03.2007

31.03.2008

31.03.2009

31.03.2010

Share Capital

112.11

116.92

118.24

121.04

128.00

131.58

Deposits

1291.03

1412.34

1574.82

2010.96

2050.57

223735

Loans & A ; Progresss

707.37

879.77

926.38

1003.07

1241.47

1169.01

Investings

659.57

617.87

781.29

1043.38

918.05

1171.31

Working Capital

1450.74

1579.22

1758.19

2214.59

2269.69

2465.02

Net net income

2.44

22.23

22.35

22.38

3.98

22.40

NNPA

5.47 %

3.80 %

3.49 %

2.23 %

3.60 %

1.60 %

CRAR

22 %

17 %

16 %

15 %

13.34 %

18.23 %

At a clip when Bank is come ining a decennary of service to the society, the direction and the staff are non sitting simply on past accomplishments, but are doing all unit of ammunition attempts to accomplish excellence in all its enterprises to supply seasonably and quality services. Customer delectation is what the Bank has determined to offer.

******************

Profile of Sree Banashankari Mahila Co-operative Bank Ltd.

A Decade of Dedication & A ; a Saga of Success of Women Empowerment

“ Sree Banashankari Mahila Co-operative Bank Ltd. , ” was born out of dream and vision of a extremely divine and enterprising group of 15 like minded adult females, led by Smt. Prabha Shekar, a Post Graduate in scientific discipline in Sericulture and an advocator of Women Empowerment. They thought of advancing a fiscal establishment entirely for adult females, of adult females and by adult females. The object was to supply chance for adult females in nest eggs every bit good as obtaining fiscal aid to better their economic strength.

The Bank was foremost formed as a Credit Co-operative Society under the Karnataka Co-Operative Society Act 1949, in October 1996. After obtaining the necessary licence from Reserve Bank of India to make banking concern, it became a Co-operative Bank from 8thMay 1997.

It was a ambitious undertaking for the leaders to mobilise capital, rank and sedimentations, all without engagement of male members at any phase. The Bank was officially inaugurated on 9thJune 1997 by the so Chief Minster of Karnataka Sri. J.H.Patel and Smt. Sarvamangala Patel.

Directors were successful in obtaining professional expertness and recruited employees, all adult females.

Unfortunately, the laminitis President Smt Prabha Shekar earnestly took ailment and passed off on 3rdNovember 1997, less than 6 months of the origin of the Bank.

The rounds of leading so fell in to the custodies of a mature and dedicated Smt. Bhagya Chandrashekar so frailty president of the Bank to go on the mission and carry on the establishment as President, with another enterprising industrialist Smt. Shashikala V as Vice President.

Since so, the Bank progressed fast and earned the trust and good will of the people. The Bank ‘s portion capital has grown from 26.80 hundred thousand in 1997 to 131.58 in 2010. The sedimentations have reached the tallness of Rs.2237.35 hundred thousand from Rs 97.7 hundred thousand during this period. The progresss have growing from Rs.41.98 hundred thousand to Rs. 1169.01 hundred thousand. The Bank has employed 10 people, once more all adult females, from top direction to operating and subordinate staff.

The Directors and the Staff received first-class preparation from assorted professional establishments and established good administration, therefore having grasp of RBI and the Government. Customer orientation has rendered the Bank to offer quality and seasonably services to clients turning them to see delectation of Banking experience.

The Bank has besides played an of import function in the upliftment of the economically hapless adult females, supplying them chances of autonomy and nutriment. Banks spouses in this cause include Women Development Corporation, IDF, Chamber of Industries and Commerce, TESOK, etc.

The Bank has manyFirst ‘s. To call a few,

The First Mahila Co-operative Bank to hold professional managers in the Board since the origin.

The First Mahila Co-operative Bank to widen fiscal aid to Self-help Groups through NGO ‘s.

The First Mahila Co-operative Bank to sell Gold coins to clients with tie up from ICICI Bank Ltd.

The First Mahila Bank to present Micro finance to the Pigmy Depositors.

The First Mahila Co-operative Bank to present Monthly Income Scheme at their doorsill entirely for Senior Citizens.

The First Mahila Co-operative Bank to present UTI ‘s Pension strategy to its members.

The First Mahila Co-operative Bank to form adult females entrepreneur development programmes and supply chance in widening selling support through exhibitions and carnivals yearly

The First Mahila Co-operative Bank to supply fiscal aid to adult females below poorness line to hold their ain shelter.

The First Mahila Co-operative Bank working with computing machines from twenty-four hours one.

The First Mahila Co-operative Bank to introduc7e near ended sedimentation strategies

The Bank has assumed societal duties and conducted many non-banking services. Medical Check-up cantonments, distribution of notebooks and uniforms to schoolchildren, are among them.

The Banks fiscal basicss are really strong. The Bank has experienced a steady growing in concern. The Bank ‘s capital is about Rs. 131.58 hundred thousand and Deposits is 2237.35 hundred thousand, Advances is 1169.01 hundred thousand and Investments is 1171.31 hundred thousand as at nowadays.

The Bank is of the few concerted Banks doing net incomes and administering dividend to its members.

The fiscal place for the last eight old ages is given below: –

Particulars

31.03.2005

31.03.2006

31.03.2007

31.03.2008

31.03.2009

31.03.2010

Share Capital

112.11

116.92

118.24

121.04

128.00

131.58

Deposits

1291.03

1412.34

1574.82

2010.96

2050.57

223735

Loans & A ; Progresss

707.37

879.77

926.38

1003.07

1241.47

1169.01

Investings

659.57

617.87

781.29

1043.38

918.05

1171.31

Working Capital

1450.74

1579.22

1758.19

2214.59

2269.69

2465.02

Net net income

2.44

22.23

22.35

22.38

3.98

22.40

NNPA

5.47 %

3.80 %

3.49 %

2.23 %

3.60 %

1.60 %

CRAR

22 %

17 %

16 %

15 %

13.34 %

18.23 %

At a clip when Bank is come ining a decennary of service to the society, the direction and the staff are non sitting simply on past accomplishments, but are doing all unit of ammunition attempts to accomplish excellence in all its enterprises to supply seasonably and quality services. Customer delectation is what the Bank has determined to offer.

******************

22 %

17 %

16 %

15 %

13.34 %

18.23 %

At a clip when Bank is come ining a decennary of service to the society, the direction and the staff are non sitting simply on past accomplishments, but are doing all unit of ammunition attempts to accomplish excellence in all its enterprises to supply seasonably and quality services. Customer delectation is what the Bank has determined to offer.

******************