The objectives of the bank, among others, are to finance cooperative societies, to carry on banking business, to arrange for supervision of affiliated cooperative societies to act as a balancing center for the surplus funds of the societies.
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The Kolhapur District Central Cooperative Bank Ltd., Kolhapur was set up on 1st October 1938 to meet the credit needs of some part of the Kolhapur district where remaining part was being financed by the apex bank.
The objectives of the bank, among others, are to finance cooperative societies, to carry on banking business, to arrange for supervision of affiliated cooperative societies to act as a balancing center for the surplus funds of the societies.
The Bank functions at district level as federal body of the credit cooperative societies. There are 11630 society members of the Bank as on 31/3/2021.
The Kolhapur District Central Cooperative Bank Ltd., Kolhapur was set up on October 1st, 1938 to meet the credit needs of some parts of the Kolhapur district, while the apex bank financed the remaining part. In 1952, the bank was allocated the service area of the apex bank. Since then, the bank has acted as a Central Cooperative Bank for the entire district in ST's three-tier Cooperative credit structure. The bank was granted a license in November 1980 by the RBI under section 22 of the BR Act 1949 (AACS).
