Bharat Sahakari Bank Limited was established on 21st August 1978. Maharashtra Minister of State – Hashu Advani inaugurated the bank.
The bank grew rapidly and had a network of 5 branches in 1991 with a business of Rs 82 crores.
As of 1995, the bank had 11 branches and was doing business of 193.63 crores. The bank shifted its corporate office from the rented premises to the huge owned building at Goregaon.
1996 saw the bank graduate to scheduled bank status, with the RBI including the bank in its second schedule.
The RBI and the Central Registrar granted the status of a multi-state co-operative bank in 1997 and the bank rapidly entered the state of Karnataka in 1998 by opening branches at K H Road, Victoria Road and Indira Nagar branch in Bangalore.
In 1999, the bank tasted silver with the opening of its 25th branch at Hampankatta, Mangalore.
Having conquered the physical sector, the bank realized that it would have to prepare itself technically to be able to meet the growing needs of the customers. Come August 2003 and Bharat Bank became the “first urban co-operative bank” to successfully implement Core Banking Solution (CBS) offering new features like any branch banking etc.
Throughout this journey, the parent body nurtured the growth of the Bank. During this process, the Billawar Sangha also spread its roots deeper and wider. In 2006 the Billawar Association, Mumbai inaugurated a beautiful and spacious Bilwa Bhawan in Santacruz.
As the bank expanded, its customers expanded their business. Some started doing business with entities outside India. Realizing its banking requirement, the bank applied for an authorized dealer license to the Reserve Bank of India to offer the full range of foreign exchange facilities.
In 2009 Bharat Bank obtained AD-CATEGORY-I license from RBI.
In 2012 the bank launched VISA INTERNATION DEBIT CARD
The bank opened its 50th branch in 2012 at Bantwal, Mangalore.
The bank has set a target to open 100 branches by 2016 and grow manifold in the next few years. To support this ambitious growth plan, the bank needed a strong technical backbone with scalable architecture and chose Finacle – a flagship product from the stables of tech giant Infosys.