Chief Promoter
|
When some of the elderly people of Rajapur Saraswat Samaj mooted
the idea of floating a co-operative bank through Rajapur
Saraswat Sangha, mumbai, no one thought it would catch
the imagination of everyone so soon. the imagination was
swiftly translated into action and a concrete shape was
given to start a bank under the leadership of shri S.
Sanjeev Nayak & Sarvashree Narayan Nayak, Krishna Nayak,
Ramesh D. Prabhu, Madhav Prabhu, Vasant Nayak ,
Gopalkrishna Navalkar,Keshav Nayak, Umesh Bhat,Vittal Naik
and Smt. K.Maru as the provisional board of directors. |
|
The bank opened its door for business on the 11 th
August, 1997 with a paid-up capital of Rs. 64,16,500/-
and 3000 members,with 285 sq.ft. area
Borivili East .The opening ceremony was held with two
central ministers , Shri Suresh Prabhu and Shri Ram Naik. |
|
|
|
After 20
months, Bank's first election was held on 9th may, 1999. Newly elected Board of Director, sarvashree Sadananda D. Nayak, Narayan Nayak, Krishna
Nayak, Vasant Nayak, Ramakrishna Nayak, D.S. Nayak, Vittal
Naik, S.M. Nayak, Gopalkrishna Navalkar, Ravindra
Navalkar, Smt. Rekha R. Navalkar, Smt. Rohini A. Nayak, Smt.
Sudha Solanki and Shri Devdas Kelkar took the
charge of the Bank on 28th May, 1999. |
|
|
|
|
|
Bank's third election was held on 3rd July 2009 and
newly elected Board was constituted for the period of
5 years (2009-2014) again headed by Shri.Sadanand
D.Nayak (Chairman), Umesh S.Bhat (Vice-Chairman),
Directors Sarvashree Shri Vittal D. Naik, Shri Mahendra
T. Nayak, Shri Raghavendra S. Nayak, Shri Upendra N.
Kamath, Shri Nityananad B. Naik, Smt. Rama Sudhakar
Nayak, Shri Raghunath Nagappa Naik, Shri Ramananda S.
Nayak, Shri Prakash Puttanna Shevde, Shri Narayan
Shreenivas Nayak, Shri Ramesh Anant Naik, Shri Suresh
Devendra Nayak, Smt. Kala Pradeep Nayak, Shri Rohit R.
Oval and Shri Santosh Totaram Sonavane.
|
|
BOARD OF
DIRECTORS (PHOTO GALLERY) |
|
|
|
|
|
|
|
Performance need not be explained, only figures can
prove it . . . |
|
Rs. in
Lakhs |
|
No. |
PARTICULARS |
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
2007 |
2008 |
2009 |
|
1. |
Share Capitals |
82 |
91 |
97 |
109 |
126 |
153 |
172 |
226 |
229 |
237 |
|
2. |
Reserves |
6 |
23 |
43 |
64 |
78 |
98 |
119 |
178 |
223 |
270 |
|
3. |
Deposits |
638 |
747 |
1016 |
1241 |
1941 |
2246 |
2837 |
3644 |
4462 |
5030 |
|
4. |
Advances |
408 |
550 |
700 |
853 |
1192 |
1593 |
2063 |
2613 |
3087 |
3543 |
|
5. |
Working Capital |
753
|
906 |
1194 |
1506 |
2237 |
2586 |
3249 |
4194 |
5069 |
5716 |
|
6. |
Investments |
231 |
275 |
352 |
425 |
825 |
734 |
877 |
886 |
1335 |
1558 |
|
|
Gross Income |
83 |
110 |
139 |
189 |
252 |
287 |
372 |
447 |
555 |
654 |
|
7. |
Net Profit |
12 |
23 |
23 |
19 |
19 |
31 |
65 |
57 |
42 |
25 |
|
8. |
Dividends |
--- |
9% |
9% |
9% |
9% |
10% |
10% |
11% |
12% |
7%* |
|
9. |
Audit Class |
A |
A |
A |
A |
A |
A |
A |
A |
A |
A |
|
|
* Proposed
|
| |
| TOP |
| |
|
