Established in the year 1979 for helping teachers to meet their financial needs
Bank started with a Share Capital of Rs. 3.50 lacs only
Initially started for teachers, Bank later opened its membership for all
Started financing for commercial purposes also from the year 1987
Achieved the deposit target of Rs. 100.00 crores in the year 1996-97
Awarded with the Scheduled Status on May 22, 1999, and thus, became the first fastest bank to become scheduled
In the year 1999-2000, Bank was ranked 20th with respect to deposits among cooperative banks in India and 1st among cooperative banks in Vidarbha
In the year 2000-2001, it rose to 19th position
Bank presently has 19 branches functioning in Nagpur and Chandrapur
Plans to open more branches in future in its other areas of operation viz. Wardha, Yavatmal, Bhandara and Gadchiroli districts
Bank has always been contributing for various social causes including relief for victims of natural calamities. Apart from this, the Bank regularly makes donations from its Member Welfare Fund for the benefit of its members
Deposits showed increase with introduction of new, attractive schemes, launch of a special drive called ‘Sahakar Vishwas Parva’, formation of marketing teams, etc.
Nearly 50-60 crores of deposits were mobilised in six months following the run
Share Capital increased by 2-3 crores due to efforts like launch of campaign called “Sahakar Sthairyata Abhiyaan”
New, attractive loan schemes like Sobati, SSB Suvidha, SSB Aadhaar, SSB Sathi, SSB Sarthi, SSB Sahyog, etc. have been launched for boosting our credit portfolio
