Rajgurunagar Sahakari Bank Ltd

The Rajgurunagar Sahakari Bank Ltd ,Rajgurunagar was established in the year 1931 by founder member Late Advocate Shri Purshuram Bhagirath Apte with the noble aim of taking the bank and banking to the common people by adopting the principle of cooperation in banking and the same purpose has been fulfilled up to a great extent and now bank is developing as a large bank with the use of latest technology and infrastructure and best customer service, the bank has made an extra-ordinary progress in loaning, recovery and deposit and developing its strength in various Locations. At present, bank is functional with all its 13 branches computerized and connected. With goodwill of people to take interest in banking with us and to fulfill their financial needs. The Rajgurunagar Sahakari Bank Ltd , Rajgurunagar has dominance in Khed Taluka, Dist.Pune. Due to this sole motive, bank has always taken care of people, encouraging them to invest and utilizing their money, for the fulfilment of needy people. Financial welfare of the people is the sole motive of the bank. With a thought to bring neatness and an organized way of working of the bank, a management has implemented many programs. The head office of the bank, situated at Rajgurunagar, and the other branches nearby, are run under the guidance of dedicated staff which creates a feeling of being one family, which is popularly known as Pariwar The ruling Board of Directors, of the bank is elected every five years. The present Board is a dedicated and studious team of people, In order to boost the work of the bank and to make it more systematic scheduled and organized, bank has developed a formation of committees. These committees of Board include Audit committee, Investment committee, Staff committee, Loan Committee etc. The Bank is a profit making bank for last 85 years and declared dividend every year. Welfare of members of the bank has been the most important policy of the bank, as these members are part of the family. As per RBI and co-operative rules and regulations, bank has also been able to provide innovative loan schemes like personal loan, home loan, vehicle loan, education loan, business loan etc. to suit individual needs available at competitive interest rates and convenient repayment period. It works within the framework of RBI regulations and rules of Co-Op department. All the years bank is getting A Class in statutory Audit .No violation of RBI guidelines was done by bank. At the end, it can be concluded that the progress of the bank is due to team work of the Bank Family or Bank Parivar. The directors with imagination and initiative lead the cohesive team of employees with brilliance and efficiency, with sincerely and hard work to cater to the needs of co. operative and affectionate customer. Our bank assures best customer services with verity of products in deposit and loans /advances areas, which attracts people.