leader and Ex. President of Maharashtra Congress Committee,
Shri. Rajarambapu Patil was instrumental in establishing education
society, sugar factory, spinning mill, consumer stores and
co.op.bank in this region. He had a vision of developing the
rural areas for which he recognized the need of banking. On
29.6.1981, Walwa Sahakari Bank Ltd., Peth was founded. After
Reserve Bank of India’s permission bank commenced its
operation on 10.11.1981. Rajarambapu Patil was leading height
of the bank; he saw that the bank provides services to small
and needy persons.
It was his endless endeavor to cater to the needs of poor
farmers of this area throughout his life. Sad demise of Rajarambapu
Patil on 17.01.1984 was a big set back for this region.
His followers & board members of various organizations
handed over leadership to Shri. Jayantrao Patil, in him they
saw a spark of dynamism. It was unanimously decided to rename
Walwa Sahakari Bank as Rajarambapu Sahakari Bank in 1984.
Bank was started with a capital of Rs. 5,00,000/- only with
one office & 12 employees. Today (as on 31-03-2012) it
haves own funds of Rs. 59.86 Crores, 33 branches, 2 Extn.
Counters and 314 employees. It owns big & graceful building
at peth. All Branches are fully computerized and tendering
computerized services to its customers under core banking.
Bank caters to the needs of small farmers, artisans and craftsmen,
large and small scale industries, traders and self employed.
Providing loans for improving the standard of living for creating
self employment opportunities and increasing earning potential
of rural people. Under the dynamic leadership of Hon.Shri.
Jayantrao Patil, bank has entered to Kolhapur , Satara, Pune & Mumbai districts . The Bank is now planning to extend its branches
to Mumbai, Solapur and Ratnagiri. Under his guidance the bank
is continuously implementing & practicing new techniques
for its customers.