The Bank is the largest in the area of Vidarbha, Marathwada & Khandesh, The Bank was started with a small capital of Rs.1.13 lacs which now stands at Rs.51.26 crores, The bank has declared profit continuously for last 25 years, The Bank was accorded Scheduled Status by RBI on 22/05/1999. The Bank was granted licence to carry on banking business by RBI on 05/02/1984.
The objective of establishing the Bank was to cater to the needs of local people & furtherance of the objective/principles of co-operation, notable among them were late Shri Shankarlalji Khandelwal, late Shri Narayanrao Gangavate, late Shri Vasudeorao Manbhekar, late Shri Naryanrao Tondulkar, late Shri Mangilalji Sharma, late Shri Jawaharlalji Lunkad, Shri Madhukarrao Pasarkar, late Shri Prabhakarrao Sontakke, late Shri Bhausaheb Godbole and registered the Bank on 19.4.1963 at Akola with the support of local traders & others.
Up to 1990 the Bank had only 8 branches in Akola district. After the liberalization policy of Government in 1991 the Bank opened 21 branches & one extension counter spread over the entire state of Maharashtra. Now the Bank has Total 34 Branches In Maharshtra & Indore (Madya Pradesh).
Since then the Bank is making steady progress the credit of which goes to our members customers, employees and well wishers. The Bank was started with a small capital of Rs.1.13 lacs which now stands Rs.7930.99 crores on Dated 31-03-2022. In terms of size of business the Bank is the largest in the area of Vidarbha, Marathwada & Khandesh. The bank has declared profit continuously for last 25 years.