Sri Ramakrishna Credit Co-Operative Society Ltd.

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A leading credit co-operative society known for its excellence in customer service. The society accepts deposits at attractive rates and extends credit at low rates of interest, with nominal processing fees. Considering the progress and intrinsic strength, society has been awarded Best Co-operative society in the year 2008 by Co-operative Department, Govt. of Karnataka and again in the year 2010-11, 2015-16, 2019-20, 2021-22 and 2022-23 Karnataka State Co-operative Federation has awarded the Society as “Best Credit Co-operative Society in D.K. district. SCDCC Bank, Mangalore has also awarded our society as “THE BEST CREDIT CO-OPERATIVE SOCIETY” in the year 2007-08, 2009-10, 2011-12 ,2012-13, 2014-15, 2016-17, 2017-18, 2018-19, 2019-20, 2020-21, 2021-22 and 2022-23. On the ocassion of 71st All India Co-operative Week celebrations Society is awarded with prestigious “Sahakara Manikya” award, recognizing as the Best Credit Co-operative Society in D.K. and Udupi district (Browse through our Newsletter page to view photo). Please browse through our Products page for exciting product line offered by the society at attractive interest rates.

Brief History

The society is established in 1994 by Sri K.B Jayapal Shetty along with 16 other like minded promoters. It has its Head office in Mangalore. At present it has 25 branches in Dakshina Kannada and Udupi Districts.

Present Chairman Sri K. Jairaj B. Rai, who has over 30 years experience in Banking and about 19 years in Co-operative field, has been elected unopposed as Chairman for the period 2015-2020 and also reelected unopposed as Chairman for the period 2020-25. Mr. Rai was General Manager of Sri Ramakrishna Credit Co-operative Society from 2001-2007, Advisor 2007-2010 and Director 2010-2015.

As on 31st March 2025 total business crossed Rs. 1096 Crores, with Rs. 591 Crores deposits and Rs.505 Crores loans & advances. Performance of the Society in 2024-25 was outstanding in all the parameters. Total business has increased by Rs. 110 Cr over 2023-24, which is highest since inception of the Society. The society has paid-up capital of Rs. 8.42 Crores with 93,715 members, has Rs. 17.98 Crores in the Reserve Fund, with total working capital over Rs. 507 Crores. Net NPA is NIL With the net profit of Rs. 16.01 Crores in March 2025. The society has paid 25% Dividend to its members for the year 2023-24. The society has been rated category ‘A’ in audit Classification.