The Belgaum District Industrial Co-operative Bank Limited was established in the year 1948 and it was registered on 19th September, 1949 as co-operative society under central Act II of 1912 and its registration number is p-682. 

It was started with 14 co-operative societies and 32 individual members with initial capital pf RS 14,397, to carry on business activity with small societies and members. 

Later in the year 1990, it has got a license from Reserve Bank of India to carry on all type of Banking activities so this bank was converted in to Urban Co-operative bank and it was renamed as The Belgaum Industrial Co-Operative Bank Limited. 

Today it is having total 5 branches (including main branch) in Belagavi district and its area of operation is entire Belagavi district except Athani Taluk. 

Bank’s objective was primarily to extend financial facility to the Local Handloom Industry, small and medium scale Industrial and to the societies. After the year 1990 as per the Reserve Bank of India guidelines bank cannot financial to the societies but bank can accept the deposit from societies.