The Mangalore Catholic Co-Operative Bank Limited

was on a rainy day of May, heavy rains of Coastal Mangalore did not deter the spirits of philanthropist pioneers from their goal of setting this luminous institute to help their less privileged brethrens. Hundred glorious years the light moves on showing path to multitudes. Robert Owen is considered as the Father of Cooperative Movement. He thought it fit to start the cooperative societies to fight the dangers and damages of Industrial Revolution. India homeland of the concept of Universal Brotherhood received the concept of Modern Cooperative Movement in the early Twentieth Century and in the year 1904 Government of India Cooperative Societies Act was passed. In 1912 Indian Cooperative Societies Act was amended and the Registrars of the Cooperative Societies were asked to spread the principles of cooperative financing. This brought Dewan Bahadhur Swamikunnu Pillai, the Third Registrar of the Cooperative Societies of the Province of Madras to Mangalore. He addressed the Mangalore...