On 26th June, 1996, Shri.BhanudasMurkute founded the Ashok Sahakari Bank and within a short span of 18 years, the Bank has attained good success. With a small capitalbase, the bank has grown,with a deposit of over Rs. 132.55 Crore, working capital of Rs. 148.60 crores and net owned funds of Rs. 8.29 crores.
Under the leadership of Shri.BhanudasMurkute and other founder directors, the bank flourished and expanded its reach to Chakan(Pune), Savedi, Rahuri, Wagholi (Pune), Alephata (Pune), Nerul (Navi Mumbai). With an inspiring deposit base more than Rs 132.55 Crores, Ashok Sahakari Bank is riding high on customer satisfaction and trust. What is even more heartening is that the bank has helped many to meet their financial needs.
The major thrust of the bank has been to inculcate the banking habits among middle and lower strata of the society, mostly in hitherto unbanked / underbanked areas. Keeping this objective in view, Ashok Sahakari Bank opened branches in such areas which are predominantly resided by middle/lower income groups and the areas concentrated by minorities and backward classes to whom commercial banks are not easily accessible. The bank has, therefore adopted selective policy in the opening of branches by identifying the centres where there is a good potential for inculcating the habit of saving amongst the people and at the same time, providing much needed finance to these people, not only to meet their domestic needs but also for developing their businesses, and in the process helping them become self-sufficient.
Currently operating through 9 fully-equipped branches alongwith Core Banking, Ashok Sahakari Bank is getting ready for the next phase of rapid expansion.