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Brief History

Reserve Bank Licence  No.MH-335                     Date :-24-03-1983

Society  Registration  No.KPR/BNK/26               Date :- 16-05-1975

Prof. Subhash Rane founder- Promoter alongwith  his companions M/s. Balasaheb  Patankar, Prof. Jaykumar  Desai,  Abdul Karigar, Arun Narke, Mahadeorao Mahadik,  Chandrakant  Jadhav,  R. P. Patil, Vikas Satpute, Adv. Vijaysinh  Nimbalkar and Anandrao Patil (Kaulavkar)  registered the Bank on 16-06-1975  with a view to establish  a financial institute  on the principle  of cooperation  by the youth  for development  of youth  to make them independent  on their own feet.  At that  time, Mumbai Door Darshan took cognizance  of the youth movement and released  an  extensive  interview with the founder. Youth Bank was felicitated, at this juncture,  for having established the first  Bank in Asian continet   on the principles  of cooperation  by youth   and for youth. In the first year  itself, the Board  of Directors  of the Bank  surprised  Bank’s  members by achieving profit  and declaring dividend  of 1.5% . But  the members sacrificed  the amount  of dividend  to Building  fund  of the Bank voluntarily  and this  tradition  was followed without any break for 15 years  continuously. Bank could purchase the  premises  of it’s own of  5000 Sq. Ft. at Venus Corner, Kolhapur  at Dr. Pendharkar  Complex at 1st Floor in the year 1991  by unselfish  sacrifice  of its  members of their dividend  of 15 years. Today  bank is functioning  it’s  three branches and Head office in it’s  own  premises those are purchased out of it’s  own  funds.

Bank treaded  it’s  difficult path  during  the first  five years from it’s  inception and out of difference of opinion  election  on the  Board  of Directors  took  place  once only in the year 1981  in  the total history of Bank. For a short while  it  was  administered by an  Administer also. The tempo of the election was very high but bitterness was avoided . It  is  a pleasure to note that thereafter  election  never took   place.  Every  time,   with the consent of all,  unopposed elections  took place since 1981  to 2009 covering a quarter of century which  can be said  thereby putting a  role model  for  Maharashtra  by Youth Bank. Infact, the Board of Directors is comprised  of different leaders from different political parties from the District , but yet there is no politics in the cooperation.  With this unique thought,  unity has been safeguarded.

Erstwhile Chairman Adv. Vijaysinh Nimbalkar alongwith his colleagues fetched  RBI licence by all efforts  on 24-03-1983 and Youth Bank  was the exception  to have   procured the licence in those days.

Once after procuring   Banking Licence 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. Bank’s  logo which is familiar was  created on  1st April 1991.  Burden of evergreen nature of earth has been controlled by strength of both hands of youth  and  by image of key, safety and security  has been made sure. Such a logo having such a wonderful  idea was chosen by holding competition and the novel idea was of Climax Advertising.

Youth  Bank is the First Bank from Western  Maharashtra amongst Cooperative  Banks to have adopted technically advanced software and had computerised 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 it’s customers.  Bank’s ATM card  can be operated in any ATM  centre  throughout  India and its ATM facility is available for 24 hours and Master, Visa and RuPay  Cards of any banks can avail   of our ATM centre facility. Further , Bank’s  ATM Card is unique in the sense that  Cheque Book   Request and Request for Deposit can be passed through ATMs.

While carrying  out banking business,  Youth Bank never deviated   from its main social  responsibility  and motto. Bank is continuously striding forth   to  foster  financial  help and guidance to youths.   After  the sad demise of able and active Director Captain Deepak  V. Shinde ,Nesarikar in the year  1984, bank started to arrange blood  donation camps on  7th November, his death anniversary  day every year. Thousands of blood bottles have been donated  by bank till today. Directors, employees, members,  customers and wellwishers  participate in this venture every year. Bank encourages  NGOs, their  volunteers, artists, sportspersons and students  always  and extends  cooperation for social, cultural, sports and environmental  activities aggressively. 

Bank’s  employees have contributed a significant share in it’s development. Well trained and, in need,  without looking  in to  office hours continuously   devoted employees  of the bank are assets to it. Relationship  of management with that of employees  is just like  a family  and always cordial. Employees are leading  in various fields. Banks cricket team is famous  one and  Athlete  Pandurang Patil, Wrestlers Datta Phadtare, Ananda Jadhav  et  al  are winners at all India  level.  Employees  alongwith  handsome  salary  are offered Bonus, Mediclaim, Gratuity , LTC and  loan facilities  for housing and purchase of two wheelers. They are motivated  for furtherance  of advanced education  by offering incentive  in additional salary increments. 

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.


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