Present Chairman

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Present Chairman

The Pandharpur Urban Co-operative bank ltd, Pandharpur Bank was established in 19th November 1912 by a group of persons committed to social cause, with a view to provide financial needs of poor and lower class people.

The financial needs of the society undergo a change in the changing economic scenario. Bank wishes to be known as last stop for the financial needs of people at large. Information Technology has become all pervasive and the banking industry is no exception to this. The Pandharpur Bank has installed a core banking solution supported by the latest state-of data centre. It is a leap in the future and the bank will not leg behind any other bank possessing the latest technology.

Our bank has taken its roots and grown over a period of hundred years. Our bank's mixed business is Rs. 1011 crs. During the year net profit is Rs. 5 crs. We have declared dividend 15%. We have been strictly following RBI banking norms. The parometer of a bank's financial strength called CRAR for our bank is 17.87%. Though it is more than statutory RBI requirement of 9%. Our bank is inspired by sense of fraternity, equity and love of the social justice. It's pride to notify you that our bank has been awarded 'A' grade during inspection of RBI.

As per finance minister statement bank were instructed to reach the rural and urban areas with views to relate them to banking. This is called a financial inclusion. According to that the target has been fixed in nationalized and private sector bank. I am proud to say that in present scenario the involvement of our bank for this sector will be more. So our priority advance sector is 60% of total advance and weaker sector is 17%.

The bank grew from strength to strength and got excellent support from its dedicated employees, who worked in adverse conditions. The Pandharpur Urban Co-operative bank ltd, Pandharpur Bank has many firsts to its credit. Our bank is one step ahead with latest technology and customer service of high quality.

The Pandharpur Urban Bank which was founded in 1912 with only 45 members and a small deposit of Rs.957/-, today, I say proudly it has 39144 members, 19 branches and a total business of over thousand crores. I am told that the bank has embarked into new areas and diversified its services considerably. It has also taken up several philanthropic and charitable initiatives over the years.

I solicited co-operation from the customers, employees and members of the bank with whose support the bank has grown.

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