However, later the Bank did not keep itself limited to teachers but opened its membership to all.  It also started financing for commercial purposes from the year 1987. The Bank achieved the deposit target of Rs. 100.00 crores in the year 1996-97.

 Consequently, it was awarded the Scheduled Status on May 22, 1999. Shikshak Bank is the first bank to get this status within twenty years of its inception, which is obviously a very short time-period. However, the bank’s accomplishments don’t end here.  In the year 1999-2000, the Bank secured 20th rank amongst other banks with regard to deposits and was placed first in Vidarbha.  In the year 2000-2001, it rose to the 19th position amongst the banks with regard to deposits while maintaining its top position among the banks of Vidarbha.

The Bank presently has 19 branches functioning in Nagpur and Chandrapur districts.  It has action plans to open more branches in the near future. The area of operation of the Bank includes Nagpur, Chandrapur, Wardha, Yavatmal, Bhandara and Gadchiroli districts.