The Bank is established with aim to cater to the fundamental need of local people through co-operation. Late Shri Vasantrao Kasbekar motivated the people who played the role in social work of the city, and following group of eminent personalities came together and established the Bank on 19th April 1963.

Our Founders

We pay tribute to our visionary founders who laid the foundation of this institution:

1. Late Shri. Shankarlalji Khandelwal
2. Late Shri. Narayanrao Gangavate
3. Late Shri. Vasudeorao Manbhekar
4. Late Shri. Narayanrao Tondulkar
5. Late Shri. Mangilalji Sharma
6. Late Shri. Jawaharlalji Lunkad
7. Late Shri. Madhukarrao Pasarkar
8. Late Shri. Prabhakarrao Sontakke
9. Late Shri. Bahusaheb Godbole

Our Journey

Till 1990, the Bank had only 8 branches in Akola district. After liberalization in 1991, the Bank opened 21 branches and 1 extension counter throughout Maharashtra. The Bank merged with Nagrik Sahakari Bank Ltd., Indore in the Financial Year 2021-22, further strengthening its presence in Central India.

Today, the Bank has 33 branches in Maharashtra and 4 branches in Indore (M.P.), along with branches in Chhattisgarh and other states, serving a diverse and growing customer base.

Our Mission

To provide efficient, technology-driven, and customer-centric banking services to all sections of society, while ensuring sustainable growth and maintaining the highest standards of corporate governance and financial integrity.

Our Vision

To be the most trusted and preferred Urban Co-operative Bank, empowering individuals and businesses with innovative financial solutions, contributing to the economic development of the communities we serve.

Key Facts at a Glance

Technology & Digital Banking

The Bank is progressing day by day and has implemented the latest technology for operations. The Bank delivers services to its satisfied customers through Digital Platforms and Branches. Technologically, the Bank is updated and working on CBS platform with Mobile Banking Application, ATM/Debit Card, Internet Banking, and other digital services.

The bank has also implemented Aadhaar-enabled services and RuPay debit card facilities, ensuring that modern banking reaches every customer regardless of their location.

Our Strengths

• Strong Financial Position: Consistent growth in deposits and advances with healthy NPA management
• Technology Driven: Full CBS operations, Internet Banking, Mobile Banking, and UPI-enabled digital services
• Wide Network: 37+ branches across 4 states ensuring accessibility for all customers
• Customer First Approach: Dedicated customer support with Toll Free number 1800 123 8021
• Transparent Governance: Strong Board of Directors led by Chairman Hon. Shri Shantanoo Sharadchandra Joshi
• Community Focus: Deep commitment to financial inclusion and serving underbanked communities

Contact Us