Bank History
To develop a habit of saving among the farmers, to provide loans to needy people and to improve the standard of living by encouraging their economic development, our respected Late D. C. Narakesaheb and their following associate promoters had established Kumbhi Kasari Sahakari Bank Ltd., Kuditre on 23.07.1976 at Kumbhi Kasari Sahakari Sugar Factory site at Kuditre.
| Sr. No. | Name Of Promoters |
Promoters |
Native |
1 |
Late Dattatray Chandroba Narake |
Chief Promoter |
Kasaba Boragaon |
2 |
Shri Bapuso Dnyandev Patil |
Promoter |
Varange |
3 |
Late Ananadrao Balawant Patil |
Promoter |
Mahe |
4 |
Late Pandurang Vitthal Patil |
Promoter |
Kuditre |
5 |
Shri Doulat Shankar Patil |
Promoter |
Sabalewadi |
6 |
Late Doulu Narayan Patil |
Promoter |
Tirpan |
7 |
Shri Bajirao Raghunath Patil |
Promoter |
Kasaba Thane |
8 |
Shri Bajirao Dnyandev Patil |
Promoter |
Kasaba Thane |
9 |
Late Bhivaji Hiroji Khade |
Promoter |
Sangrul |
10 |
Shri Gajanan Bapu Khot |
Promoter |
Majagaon |
Initially Kumbhi Kasari Sahakari Bank had beed started in a small room in front of Kumbhi Kasari Sahakari Sugar Factory. But now Bank has Six branches and one Head Office. The Bank had obtained permission from Reserve Bank of India on 27/10/1998.
At initial stage Bank had Nominal share capital but now Bank has 12,106 shareholders and 7 Crores 60 Lakhs own fund.
Expansion Of Branches
With a view of expansion and to provide service locally to the farmers, the Bank Management started branch at Kasaba Beed on 01/05/1999 and afterwards at Kale on 01/10/1999. For convenience to shareholders Bank has opened, Rankalwesh Kolhapur branch on 02/04/2001, Shahupuri Kolhapur Branch has opened on 16/11/2009 and Kotoli Branch on 23/03/2015, except Kotoli branch, all branches have own building.