KALYAN JANATA SAHAKARI BANK

Published: 30-05-2017 06:53:40 AM

After the nationalization of Indian banks in 1969, many commercial, cooperative and regional rural banks were set up to ensure every citizen of our country, irrespective of the geographical features, can access banking facility. From a person staying in hilly area to an entrepreneur staying in desert area, everyone  should have access to the banking facility.
 

The Government of India and RBI have taken several initiatives aiming to inculcate banking habits among people by encouraging not just commercial banks but also, cooperate and RRBs set-up of banks. The support from them and the push of strong and innovative leaders have helped our Country reach the heights of prosperity in variety of segments such as business, start-ups or professionals or self-employed people. 
 

All banks be it commercial bank, co-operative banks and regional rural banks, they have contributed immensely to the social and economic development of India. One of the co-operative banks which have immensely contributed to the growth of India is The Kalyan Janata Sahakari Bank Ltd.
 

The bank was formed on 23^rd December’1973 with a share capital amoun Rs. 50,000/-. Shri Vasantrao Purohit and Advocate Bhaurao Sabnis founded the bank aiming to serve the middle-class public of Kalyan in Mumbai. The bank branches are spread across Thane, Navi Mumbai, Mumbai, Kolhapur, Nashik, Satara and Pune. At the end of 2016, the banks held  deposits worth more than Rs.2,30,000 lakhs and Loans & advances amount worth Rs.1,58,000 lakhs.
 

Recent achievements of the bank:
 

• Best cooperative Bank award and best technology bank award for 2016 in large category banks by BANCO.
• Excellent Payment systems award for the year 2016 by the NPCI (National payment corporation of India)
   

The bank provides an array of products and services for deposits and loans.