On the advent of the Gold Control Act in 1963, fellowmen and goldsmiths of Daivadnya community had to undergo a huge financial crisis. Our society was economically backwards and people did not have own funds to invest in the business. This propelled some of the visionaries of our community to create our own financial platform.  So in 1969 with a mere startup capital of Rs 75/- the founder members started Daivadnya Sapthahik Fund on the Ugadi day. Goldsmiths and daily wagers started depositing their savings in the weekly fund. This concept of deposit savings and obtaining the lump sum amount along with interest on the Ugadi day brought a major change in the financial front of the community. Customers were able to service their needs and purchases with the amount received. Customers recognised the need and importance of saving and organisation was able to raise a capital fund for future operations.  Customers slowly started investing in deposit schemes and planned for better gains. To provide better service and financial assistance in the form of loans, the founders got it registered as Daivadnya Co-op Credit Society in 1974 from Registrar of Societies. During this span of 11 years, the organisation had gained all the popularity and financial stability in and around Belgaum. The loyal integrity and genuine dedication of the directors and staff were respected by its customers and helped in bringing about a major growth in the performance

Due to enormous response from various part of city, it was decided to open new branches to provide services at customers proximity.  So in 1993 Tilakwadi branch and later in 1997 Khade Bazar branch was started. The Director’s vision to bring the Daivadnya Society to the forefront of Banking operations and to become the first-ever bank was seen at all stages of operation of the organisation.  Since 1985 all necessary efforts and documentation were carried out and proposal to Reserve Bank of India was initiated. It was a rigorous journey to mould the Daivadnya Co-op Society and prepare itself to be bank. Stringent terms and conditions of Reserve Bank of India had to be followed and even with persistent performance and recommendation of local offices and elected representatives, the path was looking very difficult.  However, with a strong will and dedication of the board, a new representation was given in 1997. The healthy status of the Society, continuous record growth and compliances of RBI norms were the key factors that led to getting the licence and operate as “Daivadnya Sahakara Bank Niyamit” in 1997.