The elections of Karnataka based Shri Chhatrapati Maharaj Sahakari Bank Niyamit were held unopposed, resulting in the unanimous selection of its Directors, Chairman, and Vice-Chairperson. Addressing members and staff, Chairman Dinkar Madhavrao More described the occasion as both humbling and emotional, reflecting the deep trust reposed in the leadership over more than 27 years.
The bank’s journey began with deposits of just Rs 15 lakh, supported by founding members and well-wishers. A timely intervention by national leader Sharad Pawar helped the institution secure its RBI licence at an early stage, enabling steady and disciplined growth.
Today, the bank has deposits ranging between Rs 125–130 crore and serves over 3,000 customers. It offers among the highest interest rates on deposits and has remained profitable except during its initial years. Digital payment facilities and ATM services are comparable with those of leading banks.
With branches at Gunj and Bhalki, the bank plans cautious expansion without taking undue risks. The leadership emphasised a long-term vision of serving society with integrity, stability, and trust, with the aim of building an institution that will continue to serve communities for the next 100 years.
