The Merchants Souharda Sahakara Bank Ni., Chitradurga.(Merchants Bank, Chitradurga) has established on 30/05/1951. The founder President of bank is Sri Bheemappa Nayaka A.
The Merchants Bank is having history of 70 years Dedicated Service. In Short period of time bank has become most popular because of its unique service. MSSBN operating with 9 fully computerized branches in Chitradurga.
In 1986 The Merchants Bank is licensed under Reserve Bank of India and in 2001 recognized under Souharda Sahakara Act, in 2009 our Bank is awarded as “Best Souharda Bank” of state.
The Merchants Bank has expanded its operations to Chitradurga, Bellary and Tumkur Districts and years achieving tremendous growth in deposits, advances etc., at present Banking having 6789 active members.
The Merchants Bank having 13 Directors, in 13 Directors, 2 are the Professional Directors.
Branches listed below with their establishment date.
- Head Office 30/05/1951
- Jayachamarajendra Extension Branch 17/03/1989
- Regulate Market yard Branch 27/02/1993
- Channakeshavapura Extension 04/06/1994
- Holalkere Road Branch 04/06/1994
- Jogimatti Road Branch 25/12/1997
- JTA Branch, Vidayanagara 25/12/1997
- IUDP Layout Branch 12/03/2010
- TaralabaluNagara Branch 21/09/2013
Awards and Recognitions
- In 1986 The Merchants Bank is licensed under Reserve Bank of India and in 2001 recognized under Souharda Sahakara Act, in 2009 our Bank is awarded as “Best Souharda Bank” of state
- Our Chairman Sri S R Lakshmikantha Reddy awarded as “SAHAKARA RATHNA” for his elegant service rendered in Co-operative sector.
