In the year 1997 when Secunderabad Cloth Merchant Association was celebrating Golden Jubilee, the then General Secretary Sri Hashmukh.P.Davda suggested for starting an Urban Coop Bank to facilitate the financial needs of the members as well as entire mercantile community in the Vicinity of commercial street, which houses Yarn, Readymade Garment, Steel, Bullion, Dyes and Chemicals, Electricals, Hardware, Agricultural Equipment, etc.

In the year 2014 Bank upgraded the technical platform

Bank to offer services like SMS Alerts, RTGS / NEFT etc.facilities.