RCMS Bank Honoured as Best Profit-Making Cooperative Bank
In a moment of pride for the cooperative banking sector, Rani Channamma Mahila Sahakari Bank (RCMS Bank), headquartered in Belgaum, has been awarded the Best Profit-Making Bank in Belagavi District for 2025. The recognition was conferred during the 72nd All India Cooperative Week celebrations held in Haveri, Karnataka. The award was presented by the Karnataka State Urban Cooperative Banks Federation, Bengaluru, highlighting RCMS Bank’s robust financial performance, governance excellence, and its role in fostering inclusive banking, particularly for women entrepreneurs and underserved communities.
Preeti Kore Daddwad, the bank’s Chairperson, accepted the award on behalf of RCMS Bank, reaffirming the institution’s commitment to not only financial sustainability but also social impact. Under her leadership, the bank has made notable strides in empowering women by offering targeted credit services, financial literacy, and entrepreneurial support.
This recognition underscores the significance of women-led cooperative institutions in shaping a more inclusive and community-oriented banking ecosystem.
RCMS Bank’s achievements were also spotlighted at Coop Kumbh 2025, held earlier in New Delhi, where the event was inaugurated by Union Home and Cooperation Minister Amit Shah. At the national platform, the bank’s Professional Director, Ms. Beena Achar, narrated the bank’s journey of transformation, from a regional cooperative to a nationally recognized financial institution.
This has placed RCMS Bank at the forefront of India’s cooperative banking movement, showcasing its model of profitability with purpose.
The presence of NAFCUB Chairman Emeritus H. K. Patel and other leading cooperative banking stakeholders at the award event added to the prestige. Their remarks praised RCMS Bank for setting a benchmark in governance, transparency, and customer service.
RCMS Bank continues to demonstrate that cooperative banks, when managed professionally and inclusively, can rival mainstream banks in both profitability and impact, especially in tier-2 and rural settings.
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