Bank Profile

A total of 11 branches plus a head office branch that equals to 12 branches are present at this moment. The branches are at Hinganghat, Samudrapur, Wardha, Sindi-Railway, Kangaon, Allipur, Wadner, Bhadravati, Ralegaon, Mandgaon & Madheli.

The total membership of the bank was 2474 and the share capital was ₹721.45 lakh.

The basic objective of the bank is to upgrade the financial needs of the needy members and for this, the bank has enabled the members to financing different types of loans for their business and enable them financially. Also, the dream of own housekeeping has been realized through family loans and family support is provided. In the report year, the bank has reduced interest rates on loans. The progress made in the bank's debt distribution is progress. The Reserve bank's demonstrations are given to 70% and weaker sector 15% of the total debt on priority sector. Total debt distribution is estimated at ₹19690.37 lakhs. The ratio of bank's loan and deposit C. D. ratio to 66% is the Reserve Bank's policy of getting more credit available to the members prior to banking and recognizing the needs of the customers. Loan facility is provided for Professional Loans, Doctors, Engineers, Lawyers, CA along with various loan schemes in the bank. The bank has introduced Gold Loan Scheme for hundreds of smallest interest rates. Even though farmers should take advantage of this.