TGM co-operative bank

Tumkur Grain Merchants Co-operative Bank Limited is a leading Urban Co-operative Bank in the State, functioning with its Head Office at TUMKUR,. The Bank is promoted by the Grain Merchants of Tumkur city and was established in the Year 13.12.1963

The TGMC bank was incorporated on 16.09.1963 by registering at Mysore, State Co-operative registrar office with a register No: Of 270 with 275 members and authorized capital of Rs.5.00 lakhs. In the beginning years, TGMC Bank carried out its banking operation under the guidance of Bangalore Grain Merchant Co-operative Bank Limited.

Mr. A.K. Parshwanath is founder chairman of the TGMC bank. On 02.10.1963 election was held for board of management and 12 directors were elected. Bank has made considerable progress between 1963 and till now, when there were only 256 member having Share capital of 1,35,000. Since then, there is considerable increase of members joining the bank. Now it has Over 9265 Members. Bank celebrated its 47th Anniversary in 2010.

TGMC Bank is the first fully computerized Bank in Tumkur and Bank is offering good services to its customers and Bank is increasing its profit over the years