The Co-operative Bank of Rajkot popularly known as Raj Bank has earned a profit of Rs 32 crore this year by sticking to core professional principles-as exemplified by the bank’s refusal to provide either its directors or their relatives any loans, said Kamalbhai Dhami who is the Chief Development Officer of the UCB.
Established in 1980 under the leadership of late Ramnikbhai Dhami, the Co-operative Bank of Rajkot has not looked back. Late Dhami was also the Vice-Chairman of KRIBHCO, Director at IFFCO and at NAFCUB. He also rendered his services to several other top cooperative organizations, said Bhavi Trivedi, a senior employee of the UCB.
Under his able leadership the bank had successfully completed 33 years and for the last three years his son Kamalbhai Dhami has been working as Chief Development officer in the bank with transparency, honesty and cooperation, she added.
Bhavi Trivedi said ” we always remember our founder chairman Ramnikbhai Dhami and his major contributions in the growth of the bank and towards the cooperative sector.
Presently, the bank is having 27 branches in all, 26 in Gujarat and 1 in Maharashtra and in the coming days we will open one branch in Surat. The bank has about 70,000 shareholders.
For empowering the women, the bank is organizing various seminars, workshops and conferences.
The bank is equipped with high technology using Enterprise Banking Solution and ABB at all branches for its customers. The bank has also installed CBS and its 11 branches are equipped with onsite ATMs.
The bank also provides facilities such as locker at 26 branches, RTGS, NIFT and Online tax payment through HDFC
in Rajkot city.
The bank offers economic and medical assistance for the needy people in society in order to fulfill their commitment to social responsibility.
In the last year, the bank CEO-Satyaprakash Khokhara was given the Best CEO Award under the Large Urban Bank’s category in India- an event held at Goa by Banking Frontiers.
Nice and active bank.
Co operative staff.
Trusted management.