Rg. No. YML/BNK/114
Rg. No. YML/BNK/114
To be the most trusted and preferred financial institution in Yavatmal, providing comprehensive banking solutions and contributing to the socio-economic development of our customers and the community.
Customer-centricity: We are committed to understanding and fulfilling the financial needs of our customers, providing them with innovative and personalized banking services to enhance their financial well-being.
Financial Inclusion: We aim to promote financial inclusion by reaching out to the unbanked and underprivileged sections of society, offering them access to reliable banking services and empowering them to achieve their financial goals.
Growth and Excellence: We strive for sustainable growth and continuous improvement, harnessing technology and adopting best practices to deliver efficient, secure, and transparent banking solutions.
Stakeholder Value: We are dedicated to creating long-term value for our stakeholders, including customers, employees, shareholders, and the community, by ensuring financial stability, profitability, and ethical business practices.
Integrity: We uphold the highest standards of ethics, honesty, and transparency in all our dealings, maintaining the trust and confidence of our customers, regulators, and stakeholders.
Customer Focus: We put our customers at the center of everything we do, understanding their needs, providing superior service, and building lasting relationships based on trust and respect.
Teamwork: We foster a collaborative and inclusive work environment, encouraging teamwork, open communication, and mutual support, to achieve our common goals and drive organizational success.
Innovation: We embrace innovation and adaptability, continuously exploring new technologies, products, and processes to deliver cutting-edge banking solutions and stay ahead in a rapidly evolving industry.
Social Responsibility: We are committed to making a positive impact on society and the environment, promoting sustainable practices, supporting community development initiatives, and giving back to the communities we serve.
Yavatmal is one of the district in Maharashtra with little industry but rich in natural resources and known as a high quality cotton growing district in India. In the year 1965, in order to fulfill the financial needs of the common people in Yavatmal city and to make them habit of saving, they can do their business without any hesitation within the framework of the law. Our bank was established on the initiative of late Shri. Shrikrushna Dattatray Date alias Babaji Date. The initial name of the bank was Shri Sankat Mochan Urban Co-operative Bank Ltd., Yavatmal and Registration number is YML / BNK / 114.
Registration and permission to start operations of the bank received on 12th April 1965 from Hon. District Sub-Registrar, Co-operative Societies, Yavatmal. The actual working of the bank is started on 07th May 1965. The first office at Awadhootwadi, Yavatmal was inaugurated by Shri. Babasaheb Gharfalkar, Chairman, The Yavatmal District Central Co-operative Bank Ltd., Yavatmal.
The initial membership of the bank was 129 and the Share Capital was Rs. 30,100/-. In the first year ending June 30, 1966, the bank’s Deposits stood at Rs. 85,068/-, Loans at Rs. 1,11,584/- and the Profit was Rs. 1140.33/-. Mr. K. U. Pande was working as the first Manager of the bank.
In the early days, under the guidance of the above directors, the bank came to be known as a common man’s bank in Yavatmal. In the Annual General Meeting held in the year 1969-70, the members decided to change the name of the bank and after the permission of the Co-operative Department, the bank was renamed as The Yavatmal Urban Co-operative Bank Ltd., Yavatmal from 05/08/1971.
Shri. Shrikrushna Dattatray Date
Shri. Vishwanath Dattatray Pendse
Shri. Gopal Ramchandra Telang
Shri. Rajabhau Sheshrao Deshpande
Shri. Kashinath Jagguji Sangewar
Shri. Pandurang Mahadev Joglekar
Shri. Narayan Sitaram Gadre
Shri. Bhaskar Vishwanath Kunte
Shri. Vasant Laxmanrao Phadnis
Shri. Shrikrushna Dattatray Date Chairman
Shri. Vishwanath Dattatray Pendse Vice-Chairman
Shri. Gopal Ramchandra Telang Director
Shri. Rajabhau Sheshrao Deshpande Director
Shri. Kashinath Jagguji Sangewar Director
Shri. Pandurang Mahadev Joglekar Director
Shri. Narayan Sitaram Gadre Director
Shri. Bhaskar Vishwanath Kunte Director
Shri. Vasant Laxmanrao Phadnis Director
Chairman
Vice President
Director
Director
Director
Director
Director
Director
Director
Till the year 1972 only one branch of the bank was functioning in Yavatmal town. The bank had given a helping hand to many budding entrepreneurs in the form of loans and given savings direction to common people. The bank was expanded in the year 1972 and on 09th April 1972, the second branch of the bank was opened at Patanbori, Tq. Kelapur, a tribal area bordering Andhra Pradesh. This branch had also done and is doing excellent work in the non-bank area where facilities are not available. Many youths have been helped to stand on their own feet by lending a helping hand to the industry as well as to ancillary businesses and agriculture is the main occupation. Bank had expanded his network by 16 branches at taluka levels in Yavatmal District during year 1990 to 1998. Also during Year 2000 to 2013 bank opened another 16 new branches in other districts like Amravati, Chandrapur, Akola, Nagpur, Nanded, Gondia, Washim, Chh. Sambhaji Nagar, Pune and at Hinganghat, Wardha District. Bank has received banking license No. UBD. MH. 906 P. from Reserve Bank of India on 09/11/1987.
The Bank offers you to become the shareholder by purchasing minimum 60 shares @ 25/- each. Hence, you can become a shareholder by depositing Rs.1500/-(+) entrance fee of Rs5/-. The Shareholders get dividend every year on the amount of shares.
The bank was paid dividend @ 9% on the share capital for F.Y. 2014-15. The bank tries to pay dividend at best possible way. The rate of dividend is decided every year in the Annual General Meeting for the bank.
The Shareholders can also vote in the Annual General Meeting and in the election of the Board of Directors as per Act & Byelaws.
Yavatmal Urban Co-op. Bank always try to offer innovative customer service and schemes. In order to do so we have started Core Banking facility. Latest technology used to provide quality service to the customer’s satisfaction
Every year Yavatmal Urban Co-op. Bank in association with Keshav Smurti Vachanalay organizes Dr. C. D. Date lecture series.
Yavatmal Urban Co-op. Bank provides aid to the social work of institutions Vanvasi Kalyan Ashram, Dr. Hegdewar Sewa Samiti, Savitribai Seva Samiti, A.B. Vidyarthi Parishad, Shiv Jayanti Utsav, Shri Ram Janmotsav Shobha yatra, Swadesh Jagaran Manch.
Yavatmal Urban Co-op. Bank provides medical aid to their shareholders and employee for critical illness like Cancer, Heart attack, Kidney failure, etc. In case of sad demise of any employee, all employees voluntarily give their one day salary to their colleague as a token of solidarity for the deceased family.
In the pandemic Covid-19 crisis time activites under taken by Yavatmal Urban Cooperative Bank.
