Sahebrao Deshmukh Co-operative Bank

SDC Bank Ltd., then Shramik Sahakari Bank Ltd., was established on 11-02-1973 by late Shri Sahebraoji Deshmukh. In adverse conditions, Sahebraoji, with his hard work, sincerity, foresight and strong desire to help financially poor people, has brought the bank to such a sound financial institution having 14 computerised branches with head office at Sakinaka.

 

The Bank's financial position for the year-end 31-03-2009 shows that bank has crossed deposits of 285 crores, advances 215 crores, share capital is 8.10 crores, Reserves are at Rs.37.92 crores and profit has touched 2.31 crores. The Bank was consistently awarded 'A' Grade in Audit rating and has satisfied all norms of RBI. The Bank is marching towards Scheduled status rapidly and the same will be achieved this year. Core Banking solution is getting ready and all the branches will be linked to the head office by networking system and "anywhere banking" will commence soon, which will greatly enhance the Bank's image and will improve the customer's satisfaction. The Bank's journey for the last 34 years upto Core Banking, Automation, etc., was full of ups and downs.