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Established in 1924, the bank will be observing its centenary year during the financial year 2023-2024. Bank chairman P Jayarama Bhat and MD and CEO M S Mahabaleshwara jointly laid the foundation stone of the building proposed to be constructed adjacent to its present head office premises at Mahaveera circle.
The bank started its operations from a single branch at Dongerkery in the city in a very tiny premises primarily to cater to small farmers and traders. It later shifted its office to a spacious own building at Kodialbail.