Our Glorious Journey
In the year of 1968 he passed in B. E. (Mech.) from Marathwada University Aurangabad. he received orders for jobs but as per wish of his father Late Laxmanrao, he didn't joined service but started the Marathwada Udyog Mandal on 1st Oct 1968. Idea was to give services to all needy people under one roof with partnership; but all partners are left and he started business on propriety. In 1970 When he need money for business, he approached all leading banks in city but none of them give me finance assistance. Bank Of Maharashtra sanctioned him a loan of RS. 5,000/- but due to some or other reasons, it was not disbursed. Then again He approached to State Bank of Hyderabad, they sanctioned him a loan of Rs. 1,800/- as Overdraft.
This was the fact to start a financial institute, he was called a meeting in Shahu Nagar area regarding to start bank in the name of Shri Chhatrapati Rajarshi Shahu Urban Co-Op Bank Ltd., Beed. Who was a helping hand to the poor and badly needed persons.
In the year 1994, he had registered bank in the above name and got banking license in the year 1995 and started bank with share capital of Rs. 17 lakh people around city gave me full support and best services of the Bank, they have reached today to the milestone of Deposits up to Rs. 1182 crore and Loans up to Rs. 607 crore having Net NPA 0.75% and audit class "A" from establishment. Currently Bank is having 46 branches and 4 of them in own premises.
Bank has been grown up in a few time period only because of transparent work of all Directors and dedicated employees. Bank has establish its own Data Center within the twenty one years of age. Now our Bank provide top class services as like ATM, Mobile Banking , RTGS, NEFT, UPI, BBPS, SMS, ABB, ABB Clearing, Lockers to all type of customers in rural area. In future Bank will e-net Banking services also.
In the progress of Bank, he got full Co-Operation and support from RBI Central Office Mumbai, RBI Regional Office Nagpur, R. C. S. Maharashtra State Pune, DDR Beed, Directors, Share Holder, Customers and Employees of the Bank who gives their best in bank progress.
The Board of Directors is thankful to the officers and staff of the bank for their dedicated services in promoting business development and customer's satisfaction, also thankful to the officers & staff of the Data Center for developed Bank's in house Web Site within a short period.