Arvind Sahakari Bank

Arvind Sahakari Bank Ltd., located in Katol, Nagpur District, commenced operations on 1st January 2000 under the auspices of the Reserve Bank of India. It was formally registered under the Maharashtra State Co-operative Societies Act, 1960 on 18th March 1998, with registration number NGP/BNK/0/119/97.98. The bank obtained its RBI license on 9th October 1998, marked by letter no. UMD/MAH/1622P, and operates under various sections of the Banking Regulation Act, 1949 (A.A.C.S.). The bank achieved full computerization in 2002 and has since made significant strides across all operational levels. As of 12th September 2023, its authorized share capital stands at 60 crores, comprising shares valued at Rs. 25 each. The paid-up capital as of that date was 41.19 crores. The bank has crossed the milestone of 1000 crores in deposits and operates through 7 branches. Arvind Sahakari Bank Ltd. attributes its success to the unwavering support of its shareholders and account holders. The institution is known for its transparent operations and commendable administration practices. It holds a prominent position in Katol and surrounding talukas, consistently ranking as the top bank in terms of deposits and turnover for several years. The bank's motto, "SERVICE IS THE WAY OF LIFE," has garnered widespread acceptance among its stakeholders. It encourages customers to participate in its various deposit schemes and avail themselves of financial assistance for all credit needs. The institution values customer feedback and suggestions, viewing them as essential for continuous improvement and enhanced service delivery. Arvind Sahakari Bank Ltd. looks forward to continued growth alongside its customers, emphasizing a commitment to serving their financial needs effectively.