Dr. Vasantrao G. Gurjar saw a state of backward caste in Maharashtra and their economic needs being neglected. He immediately decided to start a bank to address these needs of the backward caste to improve their social and economic conditions. In 1982, under the name of The Commercial Co-op Bank Ltd. Bank was started with the approval of Reserve Bank of India. The Commercial Co-op Bank Ltd. was then renamed to Janata Shakari Bank Ltd. Bank has identified economically weak and needy industrial / business community to provide them financial support making them self-reliant.
The firm belief of the customers and highly dedicated management staff has enabled the bank to achieve great success in the co-op banking sector.
In the year 2009, Bank celebrated its Silver jubilee with successful running of 25 glorious years in the service of its customers. During this time the bank introduced many new schemes like, Special fixed depositsWomen empowerment through employment and self-employment for professionals like doctors, engineers, etc.
One of India’s top-rated Bank, Janata Sahakari Bank Amravati, is an organization guided by a Board of Governors, comprising leaders of major corporations in India. The Finance Secretary, Government of Maharashtra, and the Vice Chancellor of the Maharashtra Bank Board are ex-official board members. “The dream is to invest in quality services and produce Growth. All the Branches are on Core Banking Solution with state of the Art Technology providing all IT enabled banking services having wide range of products and services to cater to the needs of all segments of our customer base. This will certainly transform it in to reality.” I have never met so many talented individuals, dedicated to the future of finance, as I have since I joined Janata Sahakari Bank Ltd. Amravati. Their passion for positive change goes right to heart of the challenges facing our clients today.
We are proud of what we have accomplished in the last 35 years and as we look to the future we will continue to build on the pillars that have helped us become so successful. Janata Sahakari Bank, amravati will remain focused on the fundamentals of banking and its best practices with an emphasis on sustainable growth. Janata Sahakari Bank’s most valuable asset is its people and we will continue to strengthen and empower them as they are responsible for the Bank’s operations at all levels. Most importantly, we will be whole-heartedly dedicated to our customers, shareholders, business partners and the communities we serve.