About us
The Cooperative Movement began in 1880, and by 1904, it had taken root. “Kanakamahalakshmi Cooperative Bank Limited” was established in 1999.
At the Shareholders meeting held on January 14, 1999, at Door No. 49-34-22, it was decided to set up a bank office in Akkayyapalem, Visakhapatnam. According to the Cooperative Societies Act of 1964, the bank was registered on February 27, 1999, under Registered No.2121. At the ruling class meeting held on July 8, 1999, we decided on the appointment of bank staff, banking deposits, and interest rates on loans.