Bank received the award for best
"Core Banking" in the competition organised
by renowned magazine
Banking Frontiers for the
year 2008-09
"Core Banking" in the competition organised
by renowned magazine
Banking Frontiers for the
year 2008-09
In the presence of a distinguished
Chief Guest of the Ceremony Hon. Sou. Mukta Tilak, Corporator of Pune Municipal Corporation and Board of Directors, Founder Director Hon. Prof. Mukund Ghaisas shared information to
Hon. Minister of Corporative Shri. Harhawardhanji Patil, about the Bank's Administration and Achievements.
Chief Guest of the Ceremony Hon. Sou. Mukta Tilak, Corporator of Pune Municipal Corporation and Board of Directors, Founder Director Hon. Prof. Mukund Ghaisas shared information to
Hon. Minister of Corporative Shri. Harhawardhanji Patil, about the Bank's Administration and Achievements.
Our True Inspiration Hon. Prof. Mukund Ghaisas received
Shantibhushan Award from Indian Jain Association,
Nashik for his work in the Co-operative Sector.
Date :- 31 October 2010.
Shantibhushan Award from Indian Jain Association,
Nashik for his work in the Co-operative Sector.
Date :- 31 October 2010.
Interiors of Bank’s Newly Inaugurated
Kothrud Branch
Kothrud Branch
Opening Ceremony of Bank’s Newest
Branch at Kothrud
Hon. Minister of Co-operative, Maharashtra State, Shri. Harshawardhanji Patil
inauguring Bank’s Newest Branch at Kothrud. The inauguration ceremony chaired by
Hon. Ex-Minister of India Shri Babanraoji Dhakane and witnessed by Board of Directors, local dignitaries, business persons and
other senior officials of the Bank.
The newly inaugurated branch will provide complete banking services.
Branch at Kothrud
Hon. Minister of Co-operative, Maharashtra State, Shri. Harshawardhanji Patil
inauguring Bank’s Newest Branch at Kothrud. The inauguration ceremony chaired by
Hon. Ex-Minister of India Shri Babanraoji Dhakane and witnessed by Board of Directors, local dignitaries, business persons and
other senior officials of the Bank.
The newly inaugurated branch will provide complete banking services.
LATEST NEWS AND EVENTS
Mumbai - Hon. Founder Director
Prof. Mukund Ghaisas Addressing on “Challenges and opportunities for
Co-operative Banks” in the Program Jointly organised by Maharashtra Chambers of Commerce Industry Agriculture and The Maharashtra Urban Co-operative Bank’s Federation Ltd., Mumbai.
Prof. Mukund Ghaisas Addressing on “Challenges and opportunities for
Co-operative Banks” in the Program Jointly organised by Maharashtra Chambers of Commerce Industry Agriculture and The Maharashtra Urban Co-operative Bank’s Federation Ltd., Mumbai.
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Builders & Developers -Project Finance
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Our Bank has received prestigious Late. Vasantdada Patil –
Best Bank Award for the year 2009-10.
Best Bank Award for the year 2009-10.
ACTIVE MEMBERSHIP
Co- operative Governance is through democratic elections – on, one member one vote principle.
Unfortunately, the general elections over six decades have created and strengthened unhealthy voting
patterns. They have gradually infiltrated the co-operative elections. The political nexus has worsened
the situation and destroyed many co-op. set-ups. Those who have minimum stake in the society and
therefore are indifferent to the interest of the society, cast their votes on wrong lines.
Active Membership concept implies membership to those who are interested in the well-being of
the society because they are associated with the business of the society, have sufficient financial
stake in the society. To put this concept into practice in co- operative banks, the Task Force on
Co-op. Urban Bank (TAFCUB) set up under State Govt. MoU with RBI, was entrusted with the task of
deciding the “Thresh-hold Limit” of deposit amount, on the crossing of which the depositor
would automatically become a member. This has not been done.
Shahar Sahakari Bank has taken the initiative, perhaps a pioneering effort in this direction
by making 676 new members who are having savings accounts continuously for the last 7 years and
maintaining a average minimum daily balance of Rs. 10,000 for the last 4 years.
Not that it will transform the whole scenario but it is a first step in proper direction, which should motivate others.
Co- operative Governance is through democratic elections – on, one member one vote principle.
Unfortunately, the general elections over six decades have created and strengthened unhealthy voting
patterns. They have gradually infiltrated the co-operative elections. The political nexus has worsened
the situation and destroyed many co-op. set-ups. Those who have minimum stake in the society and
therefore are indifferent to the interest of the society, cast their votes on wrong lines.
Active Membership concept implies membership to those who are interested in the well-being of
the society because they are associated with the business of the society, have sufficient financial
stake in the society. To put this concept into practice in co- operative banks, the Task Force on
Co-op. Urban Bank (TAFCUB) set up under State Govt. MoU with RBI, was entrusted with the task of
deciding the “Thresh-hold Limit” of deposit amount, on the crossing of which the depositor
would automatically become a member. This has not been done.
Shahar Sahakari Bank has taken the initiative, perhaps a pioneering effort in this direction
by making 676 new members who are having savings accounts continuously for the last 7 years and
maintaining a average minimum daily balance of Rs. 10,000 for the last 4 years.
Not that it will transform the whole scenario but it is a first step in proper direction, which should motivate others.
CA Girish Ghaisas
making
a presentation on the subject
“Limitation on nominal membership of co-operative banks – Changes Required”
at the Maharashtra State level conference of co-operative banks held at Nashik
on 22nd and 23rd January, 2011.
a presentation on the subject
“Limitation on nominal membership of co-operative banks – Changes Required”
at the Maharashtra State level conference of co-operative banks held at Nashik
on 22nd and 23rd January, 2011.
