Profile Of Kalyan Janata Sahakari Bank

I am doing my MBA degree from Rajasthan University and got an assignment to make project on the topic Kalyan Janata Sahakari Bank Ltd. Will you provide me some brief details about Kalyan Janata Sahakari Bank Ltd so that I can put those details in project?

[Shaleen]

The Kalyan Janata Sahakari Bank Ltd.has completed more than four decades of dedicated service to the people of Kalyan city and surrounding areas.

It was established in 1973.

The first ones to be on the Board of Directors of the bank were:

Shri B.P.Joshi
Dr.P.V.Karkhanis
Advocate Shri Bhaurao Sabnis
Shri V.G.Phadke-Chartered Accountant
Prof.A.P.Pradhan
Shri S.M.Oak
Advocate U.S.Sheikh
Shri N.D.Bhoir
Shri G.S.Kadam
Shri V.H.Purohit
Shri W.D.Sathe among others.

Landmarks of this bank:

Shifted to 'Gayan Samaj' on 26th January, 1978
In 1992, the Bank's own three-story building was constructed.
In the same year, the Head Office of the bank was shifted to a big establishment near the Railway Station.
Late in the year 1994, the deposits crossed the 50 crore mark.
At the fag end of the financial year 1996-97, the deposits shot up to 100 crores.
The Reserve Bank of India granted permission to expand the area of operation from Thane District to Raigad and Mumbai Districts in 1998.
The Bank obtained the direct membership to the clearing house of RBI from 01/01/1999.
The Bank acquired the schedule status in January 2000
The first branch in Mumbai at Ghatkopar began in May 2004
The Bank garnered the Rs. 500/- Cr. Deposits in F. Y. 2007-08
The MOU between the Bank & The Satara Merchants Co. operative Bank for merger, was signed on 7 February 2009, at Sajjangad.
The business mix crossed Rs. 1000/- Cr. mark in March 2009
The business mix crossed Rs. 2000/- Cr. mark in Sept. 2012
NRE Deposits accepted in 28 branches

Address:

The Kalyan Janata Sahakari Bank
"Kalyanam_astu", Om Vijaykrishna Apartments, Opp. SBI
Adharwadi, Kalyan, Maharashtra 421301
Phone:0251 231 6641