ARVIND SAHAKARI BANK Ltd. Katol, Dist. Nagpur, started its auspicious beginning from 1st January 2000 as per Reserve Bank of India Commence to Business Certificate.
The bank was registered under Maharashtra State Co-operative Societies Act, 1960 on 18th March 1998, vide registration no. NGP/BNK/0/119/97.98. The Bank received RBI license on 9th October 1998 vide letter no.UMD/MAH/1622P and is governed by the various section of Banking Regulation Act 1949 (A.A.C.S.).
The bank was fully computerized from the year 2002 and has shown tremendous progress at all the levels of the bank.
The present authorised share capital of the bank is 4 crores comprising of shares of Rs. 25 each. And the paid-up capital as on 31st March 2011 was 2.97 crores.
Due to the wholehearted support of our shareholders and Account holders we are standing on the firm financial foothold. The bank is working with complete transparency and have received acclaim for its clean administration. Arvind Sahakari Bank Ltd has created a niche not in Katol but also in adjacent Talukas and is a number One Bank (Deposit and Turnover wise), Since last many years in Katol and nearby areas.
It's theme where "SERVICE IS THE WAY OF LIFE" is well accepted and appreciated by lot of share holders and account holders.
The bank further desires to grow along with you. So, please ensure to keep your precious and hard earned money in our various deposit schemes and avail our financial assistance for all your credit needs. We welcome your word of guidance that would boost our effort to serve you better. So please feel free in giving your valuable suggestions, they are always welcome.
Thanking you for becoming a member of Arvind bank family!