Founded by then visionaries Late Shri. Vishnu Ramchandra Pitre, Late Shri Vinayak Sakharam Sarkhot & Late Shri Ramkrushna Anant Sakhalkar the year 1921 as a tiny Credit Society, today it is one of the most respected and important Bank in Co-operative Banking sector. We are well aware of the fact of being very small in size. However, the main reason why we are respected is, we have been strictly following the discipline required while working for 100 years as a financial institution with integrity and that too in a place like Rajapur, which is historically important but a small town.
">One can say that 100 years is a large enough period or alternatively even one can claim that it is a very small period in the life of an institution like this! We can also say that the journey so far has been with the blessings of god! But the life of an institution is not dependent on any one’s blessings. We may probably compare it with the way Lord Krishna held the “Govardhan Mountain” on his finger.
In the past we celebrated Bank’s 25th, 50th, 60th and 75th Anniversaries and also showcased its performance with respect to the changing times which has been useful for its future journey. The world has changed a lot during this period. There has been major shift in the manner in which Banks have been working and the basic concept of Banking. Modern technology, which has been changing very fast, has brought us to a very high speed world. It has been long time since Indian economy was opened up and almost all the major restrictions which existed in the earlier Controlled economy have vanished. Cut throat competition exists in the current market in all industries including Banking. Our Bank has been successful in keeping pace with the changing market requirements.
Co-operative sector has touched all the spheres of life, be it Agriculture, Industry, Commerce, Banking. Right from Production to Distribution, workers’ co-operative society to Co-operative housing society, everywhere co-operation has gained lot of importance. In this journey of Co-operative moment Urban Co-operative Banks have distinguished role to play.