History

The bank named after Shri Maharana Pratapji has strong roots deeply firmed in the cooperative sector. Inspiration behind this cooperative movement was Ex President Mrs Pratibha Patil. This bank was inaugurated by then Maharastra Chief Minister Late Mr Vasant Dada Patil on 9 th April 1983. Its first Founder Chairman was late Mr Ayodhya Singh Chauhan. Its origin can be traced way back in 1983 when it was established. The journey of the bank commenced with a solo branch at Nagdevi Street on 9th April 1983. In the initial stages Bank could overcome all the teething problems and hurdles with the cooperation of our well-wishers, staff and the board of Directors. The bank did start to make profits from the very first year itself and has been consistently making profits expect in 1994 and has been paying decent dividends to its members. The annual profits announced by the Bank is comparable and even better than its peer. After the successful start, Bank embarked upon its expansion program by opening new branches and today we have 8 branches. The main objective of our bank is to help and assist the poor strata of the society by giving loans on surety basis, housing loans for purchase/construction of the house etc. Hence our bank's priority sector portfolio constitutes 49.04% of the advance portfolio.