Established in the year 1998.
Aim's to help small businessman, Industrialist and middle class people to meet their financial needs.
The thought of establishing a bank had sparked up in the mind of its founders in the year 1996.
Founder Chairman wishes to establish the organisation like bank with high value, financial stability, and discipline.
However, the dream of founder Chairman Dr. Madhusudan Goyanka, came true in 1998.
The group of doctors, professionals and businessman came forward to establish the bank.
With their valued support & the conscious efforts of founder Chairman, the Bank was started with initial share capital of Rs. 22.36 lacs only.
Mr. Mohmmad Tahir , Chief General Manager, Reserve Bank of India has inaugurated the bank on 1998.
However, starting with small capital in small place like Hinganghat area, which is Taluqa place of Wardha District, the Bank did not keep itself limited.
In 1999 the bank has amended its area of operation for Wardha District. After that the bank has keep growing in single centre.
In 2009 the bank has been awarded the area of operation for Nagpur, Bhandara, Gondia and Chandrapur districts and also Branch license for Wardha.
Bank has achieved the mile stone of 100.00crores deposits.
From financial year 2008-09 the bank has achieved the status First Bank of Wardha District with certified ISO 9001-2000 bank.
In 2009 the bank has been awarded First Prize by Vidarbha Urban Banks Association.
Awarded with Sahakar Nistha Award by auspicious hands of Chief Minister Mr. Pruthviraj Chavan, Maharashtra State in 2013-14.
The bank is renowned for its financial discipline and keeping high reputation in the market.
The Board of Directors having very specific approach and techno savvy mindset has adopted the core banking solution in 2011. In 2011 the area of operation has been extended to Yavatmal and Amaravati District also.
The bank is giving services for 7 centres in Vidarbha Region and having stable planning for further expansion.