History

The Coop. movement is the backbone of rural economic development of India. The movement struck roots in Maharashtra in the first decade of the century and later blossomed. The conviction inspired by this plain principles materialised as early as 1912 in the shape of a new enterprise now familiar with all as "THE PANDHARPUR URBAN CO-OP. BANK LTD.'. As usual initially the pace of progress was slow but steady, the area of activity was limited and the monetary base was much less than the need. Since independence the bank with its schemes and clientele, capacity and capability for cooperation gathered both mass and momentum. Ours are the pioneering efforts in this filed in Solapur District. A small seed from the movement, has grown up into a banyan tree.

The encient town of Pandharpur is situated on the right bank of river" BHIMA''. There is a continuous flow of thousand of devotees the warkaris. We are proud of the fact that we also are located in this very city, so that a continuous flow of people offers us opportunity to awaken them to their economic needs. And with the blessings of "VITHOBA'. We , who opened the accounts in 1912 with 45 members and deposited of Rs.957/- only. have after nine decades of fruitful existence, reached a record mark of 23710 membrs,15 branches and working funds of Rs.599.46 crores and with strong & stout heart are looking forward to 'shatabadhi'' coop. banking service.

Our bank is of the common man, for the common man and by the common man. We had in view those schemes that benefited him most such as cottage industries and small scale industries. With the introduction of 20 point programme, the bank made more financial assistance available to the priority and weaker sections of the society and there by strengthened its welfare activities.

Basically, the banking activity is an economic activity but in a developing society such as ours, the banks have to assume many more allied and additional responsibilities. Now a days there is multi dimensional banking, it has to be social &cultural too. And bank wanted to live upto the times. The bank promptly declared many "social facilities" a share holder would get an aid of Rs.1000/- for observing funeral and the funeral rites on application by his/her heir which is a novel and most practical service. One Ambulance & one Harsevan is also provided on 'NO PROFIT NO LOSS'' Principle. Thus the social roal has channelised the funds in other direction too. Share holders gladly stamped their consent to arrange for charitable contributions. Thus, in a word, we are very much with the national stream of banking for economic development and aspire to contribute our maximum might. Our sacred belief is Neither the giver nor the receiver be put to any loss but should share mutual benefit.