On 29/11/1965 a new era has been started in Ilkal by establishing ILKAL CO-OPERATIVE BANK LTD ILKAL by famous saree merchant Late Shri R V Kalagi as founder president and famous Kirani merchant Late Shri Adappa A Kutagamari as founder Vice-president followed by nine founder directors Late Shri Gavisiddappa M Pattanashetti , Late Shri Narayanappa R Sapparad, Late Shri Veerappa C Akki, Late Shri Narayanappa O Aralikatti, Late Shri Mangilal M Bora, Late Shri Mamallappa M Japagal, Late Shri Giriyappa K Medikeri, Late Shri Nathamalji A Tapadiya, Late Shri Ningappa V Mannapur with the intention to help businessman, weavers and surrounding villages farmers.
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