The Jalgaon Peoples Co-operative Bank Ltd.

The Jalgaon Peoples Co-operative Bank Ltd. was incepted in 1934 in Jalgaon under the leadership of, Late Shri Raosaheb Rupchand Lathi, Shri S.V.Deshpande & Shri Mishrilalji Joshi. The main motive behind this inception was to cater the needs of the common man. It was only under the able leadership of Shri Kakasaheb Ramdas Lahanu Patil (Vice President) in 1948 that the bank gained its operational momentum and created an impact on peoples’ minds. In 1969, Late Shri Yashwantrao Patil (Chairman) extended the bank's areas of operation & new branches were setup at Ring Road, Asoda, Bhadli, Nashirabad. But it was in 1984 that the bank established a firm footing and got recognized as a dependable peoples' bank. Late Shri Appasaheb Prabhakar Ramdas Patil, the chairman during this period, was a man with a vision and he led the bank through a technological and professional restructuring, eventually providing better services to the customers. In 1994 the bank celebrated its Diamond Jubilee under the leadership of Late Shri Appasaheb Patil which was eventually passed on to Shri Babulal Ramlal Choube. During their tenure they both acquainted the customers & staff members to professionalism in banking operations and helped the bank triumph a One Crore net profit, first time ever in the bank's history till then. The young and dynamic Shri.Balasaheb Purushottam Yashwant Patil took over the reigns as the Chairman of the Bank in 1996. It was during his tenure that the bank started its own IT Department and all the branches were connected by Radio Frequency eventually facilitating anywhere banking to the customers. The bank installed the first-ever Bio-ATM in the country and also implemented its self-developed software for Core Banking Solutions called "Yashwant" in all the branches. The profits soared over 5 crore rupees and the Bank was also rewarded as Grade-I Bank by the RBI authorities in 2005. In 2006, Shri Bhalchandra Patil took over the bank's charge and is still leading the bank through its golden era. His emphasis on infrastructure and asset creation were certain when three branches moved into owned premises and two extension counters were converted into entirely operational branches. During his tenure the bank is spreading its wings of operations beyond Jalgaon and new branches are setup; one in Aurangabad, three in Pune, one in Mumbai and one in Dhule. In 2008 the bank celebrated its Platinum Jubilee Year and thus a number of Social, Educational and Cultural programs were undertaken to reciprocate the affection and trust shown by the people. Bank got certified with ISO 9001:2000 standards and it is also the first Co-Operative Bank in India to get certified with ISO 27001:2005 standards for Information security. Implementation of BS - 25999:2007 standard (Business Continuity Management System) is in the final stage. The bank would soon setup its branches in Vashi, Kalyan, Panvel, Chopda, Sanghvi (Pune) and Nashik during the current financial year.

Address: 152 Polan Peth, Dana Bazar, Jalgaon 425 001, Maharashtra, India

Phone: +91 257 227711
FAX: +91 257 227719