The Bank was registered on 1913 and started its formal functioning from 1914. Puttur was the first registered office of the bank subsequently it was shifted to Mangalore. The Bank is having 53 Branches including service Branch spreading over the undivided District of South Canara.
The Bank has given top priority for financing Agricultural sector since inception by taking into consideration various credit needs of the farmers. It is serving farmers by providing timely & adequate finance through the primary Agriculture Societies at the ground level. The bank is taking active participation in Government sponsored schemes such as S.G.S.Y, Swarojgar Credit Card Scheme etc.
The bank has issued 72,457 Mangala Kissan Credit Cards to the members of the PACS out of which 60,446 Members have been covered under personal accident insurance schemes. A sum of Rs. 513.83 crores has been advanced under this scheme during the year 2010-11. The Borrower under crop loans is also covered by crop insurance scheme sponsored by the Government. With a view to diversify the activities, Bank has also financed Rs. 486.17 crores to non-farm sector.
Bank has provided financial support to sugar sector under consortium arrangement and advanced Rs. 19.88 crores to 6 sugar factories in various districts of the state.
The Bank has taken active participation in promoting and financing the Self Help Groups and has promoted 34999 SHG groups under the supervision of the Navodaya Grama Vikasa Charitable Trust (R), Mangalore.
The Bank has also bagged State Level Awards for best performance of SHGs from NABARD since 11 years. These groups have mobilized Rs. 67.44 crores as savings, and 24568 groups are credit linked with Rs. 101.72 crores advances to them.
The Bank has not lagged behind in customer service, by computerizing all its Branches and by introducing several innovative service activities like Single Window System, Any Branch Banking, ATM facilities and 12 hours of Banking from 8AM to 8PM at its Head Office branch (Kodialbail).
Banking on wheels - A unique introduction of Mobile Bank to facilitate Banking Services to the rural, where there is no Banking facility. A customer can avail all banking transactions like depositing, withdrawals and loan facility. This Bank is inter connected with all Branches of the Bank through Any Branch Banking facility.
As on 31-03-11, the Bank has mobilized Rs. 1071.19 crores of Deposit, Rs. 806.84 crores loan outstanding, out of which Rs. 374.88 crores under S.T. Agricultural and Rs. 92.91 crores under M.T. Agricultural. The Bank Advances loans to various purposes as per the needs of borrower like vehicle, housing, commercial complex, pledging of jewels, consumer durables and agricultural land purchase.
The Management of the Bank is vested with Board of Directors consisting of 15 members under the president ship of the veteran Co-operator Sri M. N. Rajendra Kumar, who was also the former President of Karnataka State Co-operative Apex Bank.
The Bank has been awarded as Best DCC Bank from KSC Apex Bank, Bangalore since last 14 years.