Ex-Chairman's Message

    Shri Arvind Keshav Khaladkar



    Dear Customer,


    I would like to take this as an opportunity to have a dialogue with you & express my feelings towards our esteemed customers, shareholders, well-wishers & all those who have participated in any of the activities of the JANATA BANK PUNE FAMILY.


    Janata Sahakari Bank was established in October 1949 by a group of persons committed to social cause, with a view to providing financial needs of weak and lower class people. The mission statement of Janata Sahakari Bank is छोट्या लोकांची मोठी बँक‘ ie 'Big Bank of Small People'.


    The bank has made a turnaround which is unique in the history of banking and now continuously showing profits. The bank has declared dividend for last 5 consecutive years and regained the faith of the customers and well-wishers. The management looks forward to build a fundamentally strong financial institution serving the financial needs of the society at large. It also reiterates its commitment to financial inclusion by offering easy access to the financial products by weaker section of the society.


    On behalf of all the members of the Board of Directors, I would like to thank you all for the faith & trust you have reposed in the bank all these years. Our Members of the Board of Directors are enriched with varied experience in finance, technology & business development. Your whole hearted co-operation & firm support which you have rendered has helped us a lot. We do accept that your contribution in the progress achieved by our bank is precious. We always wish for prosperity of our customers.


    Indian economy & financial atmosphere has witnessed uncertainty. So far Bank has overcome these obstacles, has kept an eye on the set goals and confidently marched forward. The unstinted patronage of the customers has inspired us to accept challenges, adjust to dynamic changes in economy & keep pace with changing times. Its a constant process to appreciate the needs & requirements of our customers and endeavor to implement latest technology to cater to their need.


    At the end of today ie 15th September 2015, the bank with a spread of 48 branches and 1 extension counter has reached the mile stone of ` 12000 cores business mix. The bank fulfills all the norms of “Financially Sound and Well Managed Bank” (FSWM) set by RBI for Urban Co-operative Banks. RBI has granted permission for opening 18 new branches across Maharashtra. The bank has also decided to acquire one of the co-operative banks in Maharashtra having 9 branches, where your bank has no presence. We expect that by end of the current financial year the branch network will increase to 73 and business mix will reach reasonable level.


    The bank has implemented Core Banking Technology across its branches in 2005 and has provided all the techno-based product and services to the customers enabling him/her for anywhere and anytime banking. The data center of the bank is ISO 9001:2008 and ISO 27001:2013 certified that establishes the security of the information assets.


    The bank also offers other services in the field of Shares & Insurance Depository (NSDL CDSL & CIRL), Trustee & executorship, Insurance Products, Mutual Fund and PAN card Registration. The Management is proud that it is the first urban co-operative bank to start depository services and Trustee & Executors Department. The bank has adopted standard codes set by Banking Code and Standards Board of India (BCSBI) to safe guard the interst of the customers as well as to render the services along with transperancy.


    The management firmly believes that continuous and quality training of the personnel is the route to motivation of staff who form the backbone of the institution. The training center is also a profit center of the bank and enjoys high reputation amongst the urban co-operative banks which avail the services of training center to train their staff members. The bank and its employees have been felicitated by various awards for overwhelming contributions in the field of banking & technology by renouned institutions in financial sector.


    Recently the term Corporate Social Responsibility (CSR) has become very popular. However the bank since long had recognized the obligation towards the society. Your bank was the first urban co-operative bank to acquire a weak co-operative bank viz Ratnagiri Urban Co-operative Bank way back in 1976. The bank also lends to Self Help Groups and women entrepreneurs.  The bank and its employees have helped the victims during mishaps or natural calamities in the State like flood and earthquake. The bank honours social institutes rendering yeoman services in social field, with the award 'Moropant Pingle Smriti Janata Bank Puraskar' that is being given in the commemoration of its founder member Late Shri Moropant Pingle.


    Being Multi-state Scheduled Co-operative bank, the bank intends to spread its wings in the states of Gujarat, Madhya Pradesh, Karnataka, Goa and Delhi and become financially strong bank. The Bank is committed to promote best corporate governance practices and strives to live-up to stakeholders’ expectations.


    Once again I express my gratitude and sincere thanks and expect stakeholders’ co-operation for enduring relationship with the Bank.



    - Shri Arvind Keshav Khaladkar