Chikkamagaluru Bank Plans Expansion Amid Tech Upgrades and Profit Growth
1 report, 1 independent
Updated Sep 21
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What happened
Chikkamagaluru District Central Cooperative Bank is modernizing its operations by implementing mobile banking, UPI, IMPS, and branch micro-ATMs across its branches. The bank is also planning to open new branches in several locations after receiving permission from the Reserve Bank of India. The bank reported a profit of Rs 6.9 crore and maintains a 98% recovery rate.
From indiatimes.com
Why it matters
The bank is expanding its service network and adopting new technologies to better serve customers. It currently disburses agri and non-agri loans through 396 member cooperative societies and consistently secured an 'A' grade in its 2025-26 audit and NABARD inspection.
From indiatimes.com
Who's involved
- ChikkamagaluruLocation where the bank operates and plans to expand its services