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Tumkur Grain Merchants Co-operative Bank Limited is a leading Urban Co-operative Bank in the country,
functioning with its Head Quarters at TUMKUR, The Bank is promoted by the Grain Merchants of Tumkur
city and was established on 13.12.1963. ?
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Between 1950¶s & 60¶s Tumkur city has been developed as a major Business center of Karnataka State.
In that period, the city has attracted so many Industries and Merchants class. In this substantial growth
period the merchants of the city were facing the lack of proper Banking facilities and services, as in those
days, a few nationalised Banks were functioning in the city and that too having lot of imbalances in their
service to customers. .

Tumkur Grain Merchants Co-operative Bank Limited is a leading Urban Co-operative Bank in the country,
functioning with its Head Quarters at TUMKUR, The Bank is promoted by the Grain Merchants of
Tumkur city and was established on 13.12.1963.

Between 1950͛s & 60͛s Tumkur city has been developed as a major Business center of Karnataka State.
In that period, the city has attracted so many Industries and Merchants class. In this substantial growth
period the merchants of the city were facing the lack of proper Banking facilities and services, as in
those days, a few nationalised Banks were functioning in the city and that too having lot of imbalances
in their service to customers. By observing this pathetic condition, the leading merchants of Tumkur Sri
AKA Parshwanath, Sri N R Jagadeesh, Sri T N Kempahonnaiah, Sri Gubbi Huchhappa and others discussed
and decided to open an Urban Co-operative Bank in the city.

In the following years, the Bank has marked its substantial growth in the Co-operative Banking Sector
along with its objectives. Since its inception, the Bank has been recording substantial growth each and
every year. The Bank is also performing its social obligations. In the year 1987 the Bank has got its
Licence from Reserve Bank of India, Mumbai.

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In the year 1992, the Bank marked its growth and stability by opening its First Branch at SS Puram,
Tumkur and succeeded in its expansion programme. In the same scale of expansion, the Bank has
opened its 2nd branch at Raghavendra Nagar, Tumkur and 3rd branch at Sadashiva Nagar, Tumkur in the
year 1994 & 1995 respectively. After the succession of Branch expansion programme in Tumkur City,
Bank has decided to expand its operation beyond Tumkur City. As a result, 4th branch at Tiptur and 5th
branch at Sira were opened in the year 1995 and 1997 respectively. Following in 1998, APMC Yard
Branch has been opened at APMC Yard, Tumkur in its own Building, which was built with a beautiful
structure. This branch has opened mainly for the purpose of fulfilling the Banking facility requirements
to the Merchants and the public visiting the APMC Yard.

In the year 1998, the Bank has expanded its area of operation to Bangalore Urban, Bangalore Rural,
Mysore and Chamarajanagar Districts by modifying its Byelaws. As a result, the Bank got permission
from the Reserve Bank of India to open 3 branches at Bangalore city and one Branch at Mysore city.
With that, the Bank has opened its 8th Branch at Rajaji Nagar, Bangalore on 15.07.1999 and 9th Branch
at Mysore on 25.11.1999. On 12.02.2001, Bank opened its 10th and 11th Branches at
Basaveshwaranagar and Jayanagar, respectively at Bangalore city, on 20th August 2004 opened its 12th
Branch at Indiranagar and 13th Branch at RT Nagar Bangalore has opened on 8th Nov 2009 Bank had
added another feather to its network.







1. Tumkur District
2. Bangalore Urban and Rural District
3. Mysore District
4. Chamarajanagara
5. Ramanagara
6. Chikkaballapura
7. Kolar
8. Hassan
9. Mandya
10. Chitradurga.



Customer Satisfaction Is Our Sole Motto

Customers are the live wire of Banking and without them banking will not have any Meaning.
Let͛s Join hands together, let͛s make tomorrow better.
Your Trust is our Asset.
Do the best for Better Future.  !"#

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Yes, Profit earning and Wealth maximization is the prime motto of every business organization. Bank is
also having the same concept of goals and objectives, even though it is a Co-operative Bank. Apart from
this primary objective, the Bank is also having so many secondary objectives. In this way, every year the
Bank is fixing certain goals to achieve during that period.


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The Bank is expecting that, the Net worth had to reach Rs.100 Crores from the present position of Rs.87
Crores.

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The Bank is mainly concentrating in the area of funds management. The theme of the funds
management is to adopt a proper Asset & Liability Management System, which enables to invest the
funds with the criteria of Profitability, Liquidity and Security.

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The Bank may lose in terms of profits by holding surplus cash and bank balances. So, the Bank is cared
about the cash and bank balances, which is averagely maintaining about 3.50 % on its Net Time &
Demand Liabilities. This is only 0.50% more than the required Cash Reserve Ratio.

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The main objective will be to build up good quality loan asset, which will earn an average yield of 13.00
% p.a. The profit and profitability of the Branches will improve by building good quality and high yielding
loan portfolio. The Bank is targeting to increase the advance from 300 crores to 400 crores.

 
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21st Century is the era of Service Competition in the Banking field. So, obviously the Banks should have
to concentrate on better services especially in the field of Non-Credit related services like DD, Pay
Orders, Safe Deposit Lockers, Bank Guarantee, Letter of Credits etc.

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The Bank plans to decrease the total operating cost. Considerable increase in the cost of operations line,
printing & stationary and salaries of the staff has been noticed in the previous years. If the operating
expenditure is more than 200 % on the Non-Interest Income, it casts a burden on the major interest
margin. So, in this way the Bank is trying to bring down this rate and anticipating it may around 150 %.

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Quality of the loan assets will have a major impact on the profit & profitability of the Bank. Therefore,
focus on recovery of all the Non-Performing Assets (NPA) is very much required and also including
overdue accounts.

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Bank is providing Core Banking Facilities to its Customer and planning to provide ATM, Mobile Banking &
Internet Banking shortly.



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Innovation is the key for the success in the competitive market. Therefore, the Bank aims at innovating
new services, which will increase the speed of response, commitment to customer satisfaction and
innovative thinking, which renders confidence on its delivery capabilities. In this development, Bank is
offering many innovated facilities to its customers, viz., Fast Cheque Collection facility, Quick sanction of
Pledge, Gold, NSC/LIC Loans, Letter of Credits, etc. The Bank is also processing to provide the ATM
facility to its customers. In this process, it is discussing with New Private Sector Banks for providing ATM
facility, under which a customer can withdraw his money in any ATM point of that Bank.

 
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The Bank aims at improving the customer satisfaction by offering services that have high potential for
sustained relation by Seven Days Working, Customer Convenience Timing, Extended Time Service, Quick
Response, Smooth Co-ordination, Attractive Interest Rates, Computer Printed Pass Books etc.

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Banking is becoming increasingly complex, due to constant change. Every function today needs highly
specialized skill. The Bank plans to increase the skills to handle tomorrow͛s situation successfully
through Trainings, Development programmes to its Human Resources with aim to build them as a
competent workforce in the emerging complex scenario. In this context, Bank is sending its staff to the
programmes on the Banking activity, conducted by various organizations, viz., Reserve Bank of India,
Regional Institute of Co-operative Societies, Karnataka State Co-operative Federation, Karnataka State
Urban Co-operative Banks Federation and so many other institutions.
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About Us » Managerial Personnel
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Yediyurappa M S Deputy General Manager 9686550012

Devkumar Assistant General Manager 9902258279

  
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Latha K Manager 0816-2257636

Yashoda N H Sale Officer 9686550014
Kavitha B T MIPD & Credit Appraisal 0816-4021103
Kiran Kumar C System Admin. 9686550016
Mahadevamma Establishment 0816-4011102

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Bharathi M G J C Road Branch 9902258271
Manjushree S S S Puram Branch 9902258272
Prabhavathi D S Raghavendranagar Branch 9902258273
Kalpana Sadashivanagar Branch 9902258274
Gayathri G V APMC Yard Branch 9902258275

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Lakshminarasimha B R Rajajinagar Branch 9902258278
Vidyashree M R Basaveshwaranagar Branch 9902258281
Annapurnamma T R Jayanagar Branch 9902258280
Padmarajaiah B Indiranagar Branch 9686550013
Ashok Kumar RT Nagar Branch 9686550015



Prashanth T C Mysore Branch 9902258282

# 
Rajendra P Tiptur 9902258277



Sowmya T N Sira 9902258276
Awards & Recognitions
Tumkur Grain Merchants Co-operative Bank is Awarded as wë?

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àuture Plans

Services
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Bank is Issuing Bankers Cheque which is payable on the same branch of the Bank and issuing of
Demand Draft is also been arranged under different agreements with Under Inland Mutual Agreement
Scheme with KSC Apex Bank and issuing DD¶s on all the Member Banks and its Branches across
Karnataka. Bank is also having Cheque Drawing Agreement with ICICI, HDàC Bank to issue Cheques
on the branches of ICICI Bank & HDàC Bank.
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Bank is also offering its customers about fast cheque collection facility, which are payable locally or out
station and foreign currency instruments.
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Bank is providing Safe Deposit Lockers facility to the customers for a fixed rate of annual rent based on
the size of the locker.

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Bank is also issuing Bank Guarantees & Letter of Credits in favor of the customers after satisfying and
taking necessary security for the guaranteed amount
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To build up quality loan asset portfolio.

To start new branches i.e., expansion.
To increase customer satisfaction.
To provide ATM facilities, Mobile banking, Internet Banking to customers.
To increase non-interest incomes.
To optimize cash holdings.
To increase profitability
To decrease operating costs.
To provide safe lockers facility to customers.
To offer gold loans for customers.
To innovate services.
To absorb operational efficiently.
To focus on skill development.
To maintain personal integrity.
To provide versatile Banking Services.
To take up other allied banking activities such as General Insurance, & Life insurance

Loan Committee
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Sri. Anatharajaiah R. J. President
Sri. Nataraj C. R. Member
Sri. Rajashekharaiah V. K. Member
Sri. Venkatarama shetty S. R. Member
Smt. Rohini G. V. Member


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Sri. Shanthish Jain G. V.
Sri Rudramuniyappa D.S.
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Sri. Shivanna K. Y. President
Sri. Divyanandamurthy H. M. Member
Sri. Jinesh Jain M. S. Member
Sri. Srinath K. V. Member
Sri. Guruprasad T. S. Member
Our Customers

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M/S SOUNDARYA CONSTRUCTIONS
M/S NANDHINI DELUXE.
M/S RAJA ENTERPRISES.
M/S G M DEVELOPERS AND BUILDERS.
M/S SURAKSHA HOTELS P LTD.
M/S VALDEL INVESTMENTS PRIVATE
LIMITED
M/S KNS INàRASTRUCTURE PVT LTD
M/S ADARSH REALTY & HOTEL PVT LTD
M/S M V R CONSTRUCTIONS
MYSORE IT SALUTION PVT LTD.
RUPESH ANAND
BHAGAVATI BUILDERS AND DEVELOPERS
JAYALAKSHMI EXPORTS & IMPORTS PVT
LTD.
M/S VICTORY BUILDERS & DEVELOPERS.
AMEER JHAN SIRAJ PASHA
SURENDRA K N
MOHAN K N
DAYANAND G
RAMESH.V.R
KARUNESH B M
KARUNESH B M
GAYATHRI S & SUNIL B M
M/S KASTURI INDUSTRIAL ESTATE
DASARATHA RAMI REDDY.G
KRISHNAPPA A
SRINIVAS K V
SUDHA SHANKAR
VINAYAKA ENTERPRISES.
ASHOK KUMAR R AND ROSHAN ASHOK
PADMAJA K J & JAYAPRAKASH K N
M/S APKON CRUSHERS
SURESH V S
SRINIVASA RAJU A C
SRI ANNAPOORNESHWARI RICE INDUSTRIES.
KOIEL àOOD PROCE'S
M/S JYOTHIPRASAD & SONS.
ANNAIAH REDDY S N
SAHEB PASHA PATEL & MEENSAHEB PASHA
PATE
SRI VEERABHADRASWAMY RICE INDUSTRIES.
SREE MAHALAKSHMI RICE INDUSTRIES.
M/S COSMOTECH ENGINEERS.
SHRI BASAVESHWARA ROLLER àLOUR MILLS
JAGADEESH R
S T G ASSOCIATES
VENKATESH O S , JAGADEESH O S , SANTHOSH
DAKSHINAMURTHY M S & PARVATHAMMA
H M S EDUCATION SOCIETY.
RAJA HOUSING & CONSTRUCTION
PHIROZHA N RUSTHUMJI
CHANDRA BHAN GUPTA
Deposit Accounts
The Depositors are the back bone of every Bank. Any bank will sustain in the industry and can play in
the market only up to that period, where the depositors have faith about the Bank. If any Bank loses
confidence in the minds of the depositors, it will not be having any more life, in future.

Bank is offering the following types of Deposits Schemes.


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Bank allows opening of SB accounts for the following category

An individual in his own name

More than one person in their joint names.
A guardian on behalf of the minor.
Clubs, Associations, Charitable Institutions and Professionals, Society, Trust other such bodies
of identical nature.
NRE / NRO / HUà

Minimum Balance to be maintained in the Account is Rs 1000/- and Rs 500 for Senior Citizen accounts.
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Money transactions are at the heart of most Business relationships. Current Account is particularly
meant for Business class. This account can be opened by Business people like, Traders, Businessmen,
Corporate Bodies Wholesalers, Retailers, Stockbrokers, Distributors, Super market chains, Clearing &
àorwarding Agencies etc. who operate the account frequently.

The account holder should have to maintain a minimum Balance of Rs.2,000.00.

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àixed Deposit Account can be opened by any person. This account will be opened for a fixed amount of
deposit for a fixed tenure at the prescribed rate of interest. In this deposit, depositor can withdraw
Interest amount Monthly/Quarterly/Half Yearly or Yearly as per the requirement of the depositor.
Minimum period of deposit is 15 days
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Any person can open Mangala Cash Certificate Deposit Account, in this deposit type Interest will be
compounded on quarterly basis and at the time of maturity depositor will get the deposit Amount along
with interest. Minimum Period of the deposit is 1 year & above.


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Cumulative Term Deposit is a normal Recurring Deposit Account where the customer deposits a fixed
monthly installment in the account and is paid the deposited amount along with the interest at the end of
the term agreed upon at the time of opening the account. Minimum Period of deposit is 1 Year & above



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Loan can be availed upto 90% of Deposit Amount.

Premature Closure facility is Available.
Nomination àacility is Available.

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Loans and Advances
The Borrowers are the Heart of every Bank. They are the key persons to generate the profit of the Bank.

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Joint Loan & Installment Joint Loan will be given to only members of the Bank, with a surety of another
member. A member can get this loan only up to 5 times of his Share Certificate amount, with a maximum
limit of Rs.25,000.00. The tenure of this loan is 3 Months for the Joint Loan & 10 equal installments for the
Installment Joint Loan.

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Any person holding NSC Bonds and or LIC Certificates can avail of this loan by pledging the Bonds, upto
80% on the face value of the Bond and tenure of this Loan is 12 Months.


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Any person holding Bank¶s approved Shares and Debentures of Public Sector companies can avail of this
loan, by pledging the Share certificates and tenure of this Loan is 12 Months.

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To avail this loan the borrower has to pledge his gold ornaments to the Bank and the tenure of this Loan
is 12 Months.

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This loan will be given by pledging the goods and stocks of the borrower, which are related to his
trade/business. Goods will be stored in godowns, under the custody of the Bank and the tenure of this
Loan is 3 months.



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This loan will be given for the purpose of the business by mortgaging the immovable property of the
borrower after considering security, repayment capacity, credit worthiness and fulfilling documentation
procedures and maximum tenure of this Loan is 180 months.

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Hypothecation Loan will be sanctioned to purchase a new or an old vehicle, by hypothecating the same
for the personal or commercial use and the maximum tenure is 60 months.



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The Bank is also sanctioning the loan for purchase of new Consumable or Household articles and the
maximum tenure of this Loan is 36 Months..

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The Bank is sanctioning loans to build a house for the purpose of residence and maximum tenure of this
Loan is 180 Months


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The Bank is also giving advances to traders and business class in the form of Cash Credit/Overdraft
àacility to their running account maintained with the Bank. This loan will be given to meet the working
capital needs of the trades, on security of Stocks & the Immovable property. This facility will be
sanctioned after considering the working capital requirement and the security and also the transactions
made in their accounts. The tenure of this facility will be given for a period of 1 Year and the borrower has
to renew this facility every year if the transactions are satisfactory to the bank. Interest is calculated for
the amount of debit balance in the account for every day and charged on every month.

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Bank is discounting the cheques issued by the reputed corporates/organisations in favour of the account
holder of the bank. This facility is given only to the reputed customers of the bank. To avail this facility, the
customer should have to get prior sanction from the Bank for a limited amount. In this case, the Bank is
discounting the cheques presented in the clearing.

Services
ë
$? ?
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1 ?  

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$ ?5??%
?%


Bank is Issuing Bankers Cheque which is payable on the same branch of the Bank and issuing of
Demand Draft is also been arranged under different agreements with Under Inland Mutual Agreement
Scheme with KSC Apex Bank and issuing DD¶s on all the Member Banks and its Branches across
Karnataka. Bank is also having Cheque Drawing Agreement with ICICI, HDàC Bank to issue Cheques
on the branches of ICICI Bank & HDàC Bank.
?
5?

?à
  ?

Bank is also offering its customers about fast cheque collection facility, which are payable locally or out
station and foreign currency instruments.
?

?%
 ?
$ ?

Bank is providing Safe Deposit Lockers facility to the customers for a fixed rate of annual rent based on
the size of the locker.

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$?-

?? ?
?  

Bank is also issuing Bank Guarantees & Letter of Credits in favor of the customers after satisfying and
taking necessary security for the guaranteed amount

àinancial Results
 +-+-+#

?" D!#/! 233<? 233=? 233>?

1 Total Business Crossed 47060.49 56308.85 65161.72

2 Net profit (Before tax) 1150.57 1427.34 1079.45

3 Interest Income 2999.43 3668.47 4597.51

4 Non Interest Income 153.88 221.34 186.66

5 Non Interest Expenditure 364.36 360.68 494.83

6 Profit per Employee 10.75 13.22 5.49

7 Business per Employee 439.82 520.37 552.22

8 Earning Assets 28357.21 35854.47 53636.50

9 Total Income/Working Capital 9.34% 13.42% 10.55%

10 CRAR 14.13% 15.89% 12.54%

11 Return on Asset 3.05% 2.75% 1.40%

12 Total Income/Total Asset 9.04% 10.67% 10.20%

13 CD Ratio 83.14% 80.13% 79.38%

14 Share Dividend % 20% 20% 20%

15 Audit Grade ³A´ ³A´ ³A´

 -
1?
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?" D!#/! 233< 3= 233= 3> 233> 2373

1 Number of Members 8607 8950 9265

2 Share Capital 4.97 6.80 10.50

3 Deposits 312.48 372.09 448.71

4 Loans & Advances 250.29 279.51 303.62

5 Reserves & Other àunds 59.17 66.09 70.84

6 Owned àunds 65.96 74.98 87.04

7 Working capital 386.13 453.55 535.00

8 Net NPA 0% 0% 0.91%

News & Events

"Bank's 47th Annual General Body Meeting is Scheduled on 26th Sept 2010 At Sri Manjunatha Kalyana
Mantapa, Tumkur at 10.00 AM"

TGMC Bank Opened Its 13th Branch At R T Nagar Bengaluru on 8th November 2009.

TGMC Bank is opening shortly its 14th Branch at Chitradurga

Bank is certified ISO 9001:2008

Contact Us
  
 ?" 

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Opposite Government College
B H Road, Tumkur
D6 0816 - 4021101-103, 2257636 à
6?0816 -
2255956

6 admin@tgmcbank.com

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APMC Yard, Batawadi, B.H.Road, J.C.Road, Beside Market,
Tumkur - 572104 Opp.Government Polytechnic, Tumkur-572101
D6 0816 -2283155 Tumkur - 572103 D6 0816 -2273360, 4021106

6 99022 58275 D6 0816 - 4021104
6 99022 58271

6 99022 58272,

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SIT Main Road, Siragate,
Tumkur -572103 Tumkur - 572101
D6 0816 -2272966, 4021105 D6 0816 -2275090

6 99022 58273
6 99022 58274
 



on 7/09/2010  
 

   


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@ ATM Services
@ Pay Order & Demand Draft
@ Cheque Collection àacilities
@ Secure Safe Lockers
 Deposit Accounts

The Depositors are the back bone of every Bank. Any bank will sustain in the industry and can play in the
market only up to that period, where the depositors have faith about the Bank. If any Bank loses
confidence in the minds of the depositors, it will not be having any more life, in future.

Bank is offering the following types of Deposits Schemes.


 ?ë
$?


Bank allows opening of SB accounts for the following category

An individual in his own name

More than one person in their joint names.
A guardian on behalf of the minor.
Clubs, Associations, Charitable Institutions and Professionals, Society, Trust other such bodies of
identical nature.
NRE / NRO / HUà

Minimum Balance to be maintained in the Account is Rs 1000/- and Rs 500 for Senior Citizen accounts.
?
 ?


Money transactions are at the heart of most Business relationships. Current Account is particularly meant
for Business class. This account can be opened by Business people like, Traders, Businessmen,
Corporate Bodies Wholesalers, Retailers, Stockbrokers, Distributors, Super market chains, Clearing &
àorwarding Agencies etc. who operate the account frequently.

The account holder should have to maintain a minimum Balance of Rs.2,000.00.

à ?%
 ?
:à%;

àixed Deposit Account can be opened by any person. This account will be opened for a fixed amount of
deposit for a fixed tenure at the prescribed rate of interest. In this deposit, depositor can withdraw Interest
amount Monthly/Quarterly/Half Yearly or Yearly as per the requirement of the depositor. Minimum period
of deposit is 15 days
?



?
?   
?: ;

Any person can open Mangala Cash Certificate Deposit Account, in this deposit type Interest will be
compounded on quarterly basis and at the time of maturity depositor will get the deposit Amount along
with interest. Minimum Period of the deposit is 1 year & above.


 ?# ?%

 ?:#%;?

Cumulative Term Deposit is a normal Recurring Deposit Account where the customer deposits a fixed
monthly installment in the account and is paid the deposited amount along with the interest at the end of
the term agreed upon at the time of opening the account. Minimum Period of deposit is 1 Year & above



?à
 ?
?à%8? ??#%?
?

Loan can be availed upto 90% of Deposit Amount.

Premature Closure facility is Available.
Nomination àacility is Available.