History

The Beginning & Progress:
The Karad Urban Co-op. Bank Ltd., Karad is now a prominent name in Urban Banking Sector. This Bank was established first as a Co-op. Urban Credit Society in the year 1917 and was subsequently converted into a Bank. The promoters of this Bank who were from different walks of life, working in various fields but having future out-look recognizing the need, established this Bank way back, 90 years ago. The late Dr. D.S.Erram who had vision and who along with dedicated co-operation from Shri. Subhashrao Joshi and other Board Members was able to achieve all round progress.. Till 1993 the Bank had only 8 branches spread over Satara District only. Since then it has expanded it's wings in other prominent Districts of Maharashtra viz. Sangli, Kolhapur, Solapur, Ratnagiri, Pune and Mumbai. The bank has made tremendous progress in all these districts and considering the need and demand, has amended its bye-laws to cover other districts of Maharashtra viz. Raigad, Ahamadnagar and also planning to go Multi-State by opening branches in Ahmedabad and Belgaum in Gujarat and Karnataka state respectively.

Scheduled Status:
Due to its professional Management dynamic leadership of Late Dr. Erram and Shri Subhashrao Joshi, the Bank made the tremendous progress in last 10 years and during the year 1999-2000 it was conferred with the "Scheduled Status" as mark of its financial health and confidence of the public.

Computerisation:
In keeping with the technology developments in banking sector, the bank had computerized all the branches providing quick and delightful service to its valued customers. Computerisation was initiated in 1989, in phases we did all the branches computerised. We provides small collection & receipt print device to our Pigmy Agents, so agents can collect small deposit from customer/borrowers door step. We have vision for centralised data storage for Any Where Any Time Banking through Core Banking Solutions. 

Social Obligation:
Bank besides making all round progress in its activities, has not forgotten its social obligation. Bank has established a public trust viz. Karad Urban Samajik Kritadnyata Nyas". Through this trust, timely financial help is provided to members suffering from Chronic diseases and serious ailments like Heart-attacks, kidney failures, neurological disorders and persons who suffer due to Accidents etc. Members are also given financial aid for their higher studies in Foreign Countries. Members who make major achievement in special fields are also provided financial help needed by them. The trust has planned to establish a Diagnosis Centre in association with other Social Institution and in near future CT Scan, Cardiological help, Pathology Lab and allied services to the Members at affordable rates.