The Hubli Urban Co-operative Bank Ltd, On Successful completion of a century of useful services to the people of Hubli - Dharwad in the Co-operative sector, was presented with an Award of Appreciations by the Karnatak Government in the year 2006. In this span of time the Bank has achieved an unique place in the Co-operative Movement in India, being one of the few such Institutions that has survived for over a Century through a culture of good work, ethics and Professionalism.

Over the years, the Bank has worked as a friend of the downtrodden and marginal business people by providing timely finance for their needs, be it a small retail shop, a modest wholesale set up, a tiny or SSI. The greatfulness of such borrowers have been expressed by prompt and timely repayments of the monies borrowed. This in turn has helped the Bank to show continuous profits since inception, very low NPAs, maintain adequate CRARs, CRRs and SLRs as per the stipulations of the Reserve Bank of India. 

Deposit schemes provided to the Banks' customers are very flexible and give maximum returns with the interest rates as high as 7.50 % with duration ranging from 30 days to 10 Years. Safety, transferability and liquidity of the deposit in the form of loan/overdraft, as well as premature withdrawal are major facilities provided to customers.

As The Hubli Urban Bank has gained trust of the public, deposits are growing steadily.The total deposit was  Rs. 222.39 Crores  at the year end 2018-19 and increased to Rs. 235.32 Crores for the year 2019-20 and Rs. 261.69 Crores for the year 2020-21 .

Loan schemes are devised to suit all types of borrowers, particularly for the low income groups. Currently Bank has given advances under various loan schemes like Gold Loan, Loan against property, Education Loan, Vehicle Loan, Personal Loan etc. Loans for the year end 2018-19 was Rs. 131.66 Crores and increased to Rs. 146.66 Crores for the year 2019-20 and Rs. 154.21 Crores for the year 2020-21.

Bank's Profit for the year 2020-21 is Rs. 126.54 lakhs  after paying Income Tax on the Bank's Profit.

These numbers give a Dynamic Picture of the current financial position of the Bank. To give its best to its stake holders, the Bank is coming up with a whole range of New Age facilities like Core Banking, ATMs, Electronic money transfer i.e. NEFT, RTGS, and e-stamping facility, safe deposit lockers at convenient locations at our branches.

The Hubli Urban Co-operative Bank is a chapter unmatched in Co-operative Banking sector in the twin city of Hubli-Dharwar may be even in the State of Karnataka. The Bank has been and is trusted by thousands of people since its inception till to day. It has faithfully served generation after generation of customers & families.
 
Its humble but inspiring roots are in the Hubli Urban Co-operative Society. The Society was formed by Rao Bahadur Late Shri. K. R. Walvekar with his 18 other promoters on 6th January 1906. The aim of this society was to provide financial assistance to low paid municipal workers.

With the aim to reach out and to serve larger number of people this society was converted into the Hubli Urban Co-operative Bank in the year of 1922. Adhering to the ideals, faith and vision of learned leaders like Mr. Walvekar, Mr. Mirji, Dr. G. V. Joshi, the Bank grew steadily. From an old residential building that the Bank started from, it transformed itself with the construction of the front RCC building during the Golden Jubilee year in 1956.

A mechanically operated clock showing time from all 4 faces of the Clock Tower was constructed on the building of the Bank, then a unique land mark in this part of the State.

Recently, due to the wear out of the mechanical mechanism of the 50 year old clock, a new State of the Art Clock has been installed as a replacement. The unique feature is that the clock operates through a Global Positioning System of time keeping which provides a very accurate time through signals received from satellites. This is the first of its kind in Karnataka.

The later-day Management, headed by eminent personalities like Late Mr. M.B.Desai, Late Dr. G.V. Joshi, Late Mr. S. S. Shettar, Late Mr. B. S. Hombali, Late Mr. S. K. Marathe, Late Dr.S.G.Joshiand Mr. V. H. Mathad, continued to serve the common man with the same vigor, vision and dedication as was set by the Founding Father, the Late RaoBahadur K. R. Walvekar. The Bank withstood the blues of the pre- independence rule, witnessed the freedom fights and relished the freedom gained and continued its job in free India helping the poor and the downtrodden.

The middle class and the lower middle class people who comprise the majority of the clientele trusted the Bank implicitly. The Bank was put to test for its trustworthiness in the later years. During the financial crisis of the DCC Bank in September 2002, the Bank withstood the shock of the crisis. The optimism and entrepreneurial skills of the management and the then Chairman Late Mr. S. K. Marathe, saw the Bank successfully emerge as a prominent and one most preferred co-operative Bank in the region, playing a stellar role for other Co-operative Banks in the state.

Starting with a modest Share Capital of Rs. 1450 and a deposit of Rs. 100 and with a small number of shareholders of only 25, it has now become a large Banking institution with Share Capital of Rs. 4.8crores, Deposits of more than Rs. 151crores and the number of shareholders exceeding 12000. The Bank has seven branches functioning from within the city of Hubli-Dharwad with 67 personnel and 8 pigmy collectors.

The current Chairman Mr. V. R. Sirur who is a successful Industrialist, and the current Vice Chairman Dr. Ajit S. Joshi, Doctor by profession are stearing the Bank towards the new age Banking. Now customers are able to avail facilities like ATM facility, RTGS, NEFT, etc.

Possessing an infrastructure with modern technologies but with its original committed ideals and principles, the Bank is now set to achieve excellence in working and set high standards of Professionalism in the Co-operative Banking Sector in Karnataka.