Rising rather impressively in roughly two decades from a humble start to a bank having a business mix of about Rs 1800 cr, Maharashtra based Samarth Sahakari Bank has yet again opened two new branches in Dadar and Kalyan in Mumbai recently.
“Dadar and Kalyan are 25th and 26th branches of Samarth Sahakari Bank”, announced a proud Chairman Dileep Yashwant Atre of the UCB. The Dadar branch was inaugurated by cricketer Kedar Jadhav. Several dignitaries attended the inaugural ceremony.
Speaking on the occasion Chairman Atre said the bank is bristling with the idea of opening more branches sooner than later. “We propose to open branches in Thane, Vashi, Pune, Solapur and Sangli in the state by June”, he stressed.
By the next financial year the UCB is angling to lay its claim to the Multi-State Scheduled Status. Atre said a proposal will be submitted before the office of Central Registrar and Reserve bank of India in this connection.
Atre informed that the bank expects to do a business of worth Rs 100 crore by the next financial year from these two branches.
Samarth Sahakari Bank is completing the glorious 25th year in 2022 and by then it hopes to take the business mix to over Rs 5,000 crore.
Samarth Sahakari Bank was established in 1996 and in a short span of time the bank grew into a successful entity winning peoples’ trust. The Bank has a business mix of about 1800 crore and more than 5 thousand shareholders are its member.
In the last financial year, the bank earned a net profit of Rs 10 crore.