During 1979 a group of enthusiastic friends gathered and thought the necessity of a cooperative Bank in one of the oldest extensions in Bangalore called Sheshadripuram. The group which consisted of Government officers and cooperative thinkers gave a definite shape for their vision and on 1989 emerged of a Bank called 'ANANDA CO- OPERATIVE BANK LTD'.
This was also to encourage banking needs of lower and middle class people of savings habit and to create funds for providing financial aid facilities to deserving members and to freed them from the clutches of private money lenders thrown open to all communities. Three branches which are mainly located with in Bangalore city.
The Bank has been studiously adhering to all regulators guidelines and performing to the best level throughout. The working discipline of the Bank and the commitment shown by the Management sincere services of the staff from time to time in all spheres of Bank's working has been exemplary.
Founders of the Bank are Founder Name Sree Puttaswamy S, Dr. Shivalingaiah L, Dr. N T Mohan, Sri Jayaprakashnarayan M H, Sri Nanjundaswamy P L, Sri Adinarayana C D, Sri Gurappaji. S, Sri Kuberappa A. D, Sri Shivaswamy H S, Sri Gopalaiah B, Sri Nanjaiah. D. R, Sri Nanjaiah. S, Sri Kempasiddaiah. M K, Sri Jayashankar.K. L, Sri Doddaveeraiah. K