News & Updates :
Incepted in the year 1975, Youth Bank began its journey with the vision to establish a financial institute on the principle of cooperation by the youth, for the development of youth to make them independent on their own feet.
Youth Bank was felicitated during the Youth Movement, for having established the first Bank in Asian continent on the principles of cooperation by youth and for youth. In the first year itself, the Board of Directors surprised Bank’s members by achieving profit and declaring dividend of 1.5%. Youth bank purchased premises of its own of 5000 Sq. Ft. at Venus Corner, Kolhapur at Dr. Pendharkar Complex in the year 1991. Today bank is operating its three branches and Head office very smoothly and is able to fulfill the motto with which it was established.
Erstwhile Chairman Adv. Vijaysinh Nimbalkar along with his colleagues fetched RBI license by all efforts on 24-03-1983 and Youth Bank was the exception to have procured the license in those days. Once after procuring banking License bank did not turn to look back. During the last two decades bank achieved tremendous and successful development under the leadership of Chairman Shri Arun Narke. It was a great ride leaving other well established banks far behind that was appalling to others.
Youth Bank is the First Bank from Western Maharashtra amongst Cooperative Banks to have adopted technically advanced software and had computerized bank by on line system. That time, even nationalized and private sector banks from this area were not at all introduced computerization. Bank is pioneer in Cooperative Banking sector from the Western Maharashtra to have installed Core Banking Solution and has started Any Branch Banking, SMS Banking (Alerts) and unique ATM facilities to its customers.
There is no surprise that the bank extended its area of operation. Today Bank is having its own premises for Head office and extending services to public through 12 branches situated at Shahupuri, Laxmipuri , Mangalwar Peth, Jaysingpur , Kasba Bawada, Market Yard, Shiroli Pulachi, Gokul Shirgaon (MIDC), Nagala Park, Jaragnagar, Kalamba and Gadmudshingi and 2 extension counters at Rajaram Sugar Factory and Gokul Dairy. Bank has won Best Bank Trophy twice in the year 1975 and 1999 awarded by Indian Banks Association’s Bank Sports at All India level. Bank has also won fifth time Awards from Banking frontiers Magazine for outstanding performance in Information Technology at all India level from Cooperative Banking sector.