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Tumkur Grain Merchants Cooperative Bank Limited (TGMC Bank) 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 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. 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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