The bank was established on the auspicious day of Dasera on 20.10.1969 at the hands of the Chief Minister Of Maharashtra late Shri. Vasantrao Naik from the beginning till this date, the bank has been making steady progress and did not suffer loss even once.
The share capital of the bank at the beginning was Rs. 1.09 Lacs and at present it is Rs. 2745.23 Lacs In 1970 the deposits with the bank were to the extent of Rs. 3.39 Lacs they were increased to Rs. 101485.87 Lacs.
The bank is earning profit since its inceptions. At present there are 612 employees in the bank providing service. The bank is giving dividend to its share holders since its inceptions.
