Bharati Sahakari Bank Ltd
(A Multi State Scheduled Co-operative Bank)
During the early period of Bharati Vidyapeeth, its Founder needed some finances for its developmental purpose. He approached a local leading bank, which showed little enthusiasm in loaning out any amount to this baby institution. This was a very challenging situation for him, with which he dealt successfully by establishing his own bank "Bharati Sahakari Bank" in 1971. In this task he got co-operation from his colleagues who had tremendous faith in his abilities.
Within a short span of time the Bank won over the confidence of hundreds of its customers and established its reputation as one of the trustworthy and leading banks.
The Bank has now 18 branches and one extension counter operating in New Delhi, Navi Mumbai, Pune, Solapur, Sangli, Kolhapur and at other places located mostly in rural areas. The locker facilities are provided in most of its branches.
There are three landmarks underlining the ever ascending graph of success of Bharati Sahakari Bank:
- The Bank has earned 'A' audit class every year continuously since its establishments
- The Bank has paid to its share holders annual dividend at the rate of 15% every year.
- The Bank is one of the few cooperative Banks in Maharashtra, which have been given the status both as a Multi State Bank (April 2002) and a Scheduled Bank (May 2002)
The Bank is particularly keen to help people belonging to the deprived sections of society, small entrepreneurs and concerns. The Bank's Corporate Office is located in Pune.