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DOMBIVLI NAGARI SAHAKARI BANK LIMITED

Jan 20, 2020 351

HISTORY:

Throw back in the 60s Few enthusiastic people met with a common goal to make available to the banking facility the common people. They had a goal that anyone in real financial difficulty or in need of financing to fulfill their dreams, whether personal or professional should have institutional support and should not be a prey to traditional lenders. The dream of these people came into existence bearing a name, i.e.., "Dombivli Nagari Sahakari Bank Ltd".On 6 September in the year 1970.

Since then, the bank has grown by leaps and bounds. With a modest start on a small 500 square foot. From the main branch of the central office, with a deposit base of 7.04 lacs and total advances of 5.75 lacs in June 1971, it has now reached a business mix of Rs. 6887 crores contributed by the deposit of Rs.3950 crores and Rs. 2937 crores of progress with 49 branches in 12 districts of Maharashtra.

The Dombivli Nagari Sahakari Bank, which had a deposit base of some hundred rupees in the early years, has recorded a deposit figure of Rs. 3950 crores.The same progress applies with regard to loans and advances. So far it has assisted thousands of people from all walks of life providing Rs. 2937 crores.

CHAIRMAN: Mr. Uday Madhusudan Karve (C.A., L.L.B. (General))