About Us

The Nyayamitra Sahakari Bank Niyamita was founded in the year 1999 by Sri Vasudeva Reddy H K. The bank was registered under Co-Operative Societies Act 1959 on 15-02-1999 And REG NO : JRB: reg:97:12:26148:98-99 and licensed by the Reserve Bank of India under B R Act, 1949(AACS) with License no : UBD Kan 00006P on 23-02-2000 . The Bank commenced banking business on 25/10/1999 and opening of the bank was inaugurated by the Sri. S M Krishna, chief minister of Karnataka, in the presence of Sri. D K Shiva Kumar, state co-operative minister and Sri D B Chandre gowda, state law minister of Karnataka.


Vision

To be an ethically based, efficiently managed, financially sound Urban Co-operative Bank, providing need based quality customer service by committed and dedicated workforce by introducing innovative banking products using state of the art technology and thereby strengthening the banking sector in general and urban co-operative banking sector in particular.


Bank Progress Report
Particulars 31-3-2024 31-3-2025 31-3-2026
Share Capital 751.53 783.04 834.50
Reserves and Surplus 1781.66 2028.39 2148.39
Deposits 17143.34 20172.82 24924.21
Investments 6347.09 6501.50 9077.53
Loans and Advances 12360.94 15132.75 17738.82
Working Capital 20658.76 24096.42 29261.79
Net Profit 379.73 392.71 383.53
NPA -2.32 -1.83 -0.99
Rate Of Dividend 16 16 16
Audit Grade A A A
Camel Rating A A A
Member List for last 3 Years
Particulars 31-3-2024 31-3-2025 31-3-2026
Regular Member 8659 8965 9392
Associate Member 385 406 414
Co-Operative Movement

Co-operative movement basically being peoples movement was initially launched by the government of India in 1904 and later by the provincial governments.Karnataka which was subjected to diferent administration before 1956, had no uniform growth of movement in each unit, but each area had its own fascinating historical evolution.The special features of co-operative movement in old Mysore was that a decade earlier to the launching of movement i.e in 1894, the model Mysore had promoted rural oriented Agricultural Banks which were the associations of the small land holders, on the principles of limited guarantee. These associations had imbibed the principles of both joint stock companies in their structure and co-operative ideals in their modus operandi and lending rates etc,which were far below than the rates outside.The co-operative societies regulation 1905 of Mysore was more progressive and comprehensive compared to the all India act of 1904, since it had provision for establishing non agricultural non credit co-operatives which generally were founded in 1912 in other parts of the country.