Formerly our Bank was working as a co-operative society. We obtained a registration from the District Registrar of Rajkot on 22.07.1977 and subsequently a license from Reserve Bank of India on 22.10.1997 and commenced banking w.e.f. 02.03.1998.

The year ending 31.03.1998 was our first annual accounting year, though we had completed only one month, we canvassed and collected a sizeable Deposit of Rs.3.00 crore and earned as mach as Rs. 5.92 lacs of Profit. The Bank declared 12 % dividend to the members for the very first year.

By the end of the second year as at 31.03.1999, the Deposits reached to the tune of Rs.11.40 crores with 279.50 % rise and Advances to the tune of Rs.8.17 crores with a rise of 496.77 % and Net Profit rose to Rs.17.38 Lacs with a rise of 193.22 % in comparison to the previous year.

Considering our progress for the year 1998-99 the National Federation of Urban Co-operative Banks and Credit Society awarded the Bank with an “Excellence Award” on the basis of rating of the progress and certain other parameters. In short, the Bank achieved the National Award on the basis of the progress / performance of the very first year.

Entire economy of Saurashtra is dependent mainly on agriculture and the agriculture is wholly depended on the rain (natural phenomena). We have experienced that since last many consecutive years the nature has not favoured Saurashtra. One by one natural calamity viz. draught, cyclone, earthquake, scarcity etc. has been experienced by us in last many years and their evil effects have ruined us. In these difficult days when the cooperative banks of Gujarat and Saurashtra are struggling hard to keep their identity, our Bank has made all-round developmet.

We know very well that the expectations of our customers shall now increased manifold. Let us tell you that we are working with a strong team-spirit to satisfy almost all reasonable expectations of our clients and the society, by and large.

Rajkot People’s co-operative Bank has always remained an ambassador in fulfilling social responsibilities. At the time of inception the Bank donated to Kathiawar Nirashrit Balashram (an orphanage) and Andha Mahila Vikas Gruh (Blind Women’s Development House).

Thereafter, at the time of earthquake in Kutch- Bhuj students of 12th science of the affected areas, for whom the year was most important for their future, were accommodated with full facilities by the Bank free of charge including their tuitions to be given by the prominent teachers of Rajkot.

In recent times a “Sharir Samtulan Shibir” was arranged by the Bank and nearly 1000 people availed the benefit. Having come to know about various advantages gained by the participants the Bank has decided to arrange every year at least one such “Shibir “for the benefit of the people. Thus this bank has always been helpful to the society at every moment of requirement and became helpful in the days of need.

We are very much thankful to you for giving your precious time by paying attention towards our introductory information.