This bank was established in 1979. The Thane Bharat Sahakari Bank Limited is one of the leading co-operative banks in Thane district. The bank has grown by leaps and bounds with 30 branches spread across the districts of Mumbai, Thane, Raigad and Pune. The bank was registered with the District Co-operative Registrar on 25 September 1978. Thereafter, the first General Body meeting of the Bank was held on 28 October 1978 and in that meeting, a team of the first Board of Directors was elected. Dr. VN Bedekar was elected as the President and Mr. MY Gokhale as the Vice President.
At the time of the establishment of the bank, in the late 1970s, there were only 2 co-operative banks in the city of Thane. The city of Thane, being centrally located in a growing industrial zone on the one hand, and being paralleled by Karjat, Kasara and Mumbai on the western side on Ghodbunder Road on the other, was also developing vertically and horizontally, resulting in population Belonging to all sections of the society grew. Naturally, the need for another bank was clear. Two enthusiastic persons, viz. Dr. VN Bedekar and Mr. M.Y. Gokhale, along with several such senior social workers, came up with the idea of creating another co-operative bank for Thane city and district.
The bank was initially named as “Bharat Sahakari Bank” Limited, Thane. The name was changed to “Thane Bharat Sahakari Bank Limited” as there were two other banks also functioning as “Bharat Sahakari Bank” and Bharat Sahakari Bank. Time. Thus, the change in name from “Bharat Co-Operative Bank Limited”. Thane originated as “Thane Bharat Sahakari Bank Limited”.
The Reserve Bank of India (RBI) license was obtained on 19 April 1979 and the bank was inaugurated on 29 April 1979, on the auspicious day of Akshaya Tritiya, at the hands of a renowned economist of that era. Dr. V M Dandekar. The bank started functioning in the sprawling campus at ‘Shatarak’ with its administrative office and first branch. main branch. The bank was accorded the status of ‘Scheduled Bank’ on 8 March 2003.
In the year 2003-04, the Bank celebrated the Silver Jubilee Year. A souvenir was published in the Silver Jubilee year, highlighting the various milestones achieved by the Bank during its journey of 25 years.
The bank participates in many social events in Thane city, such as “Nav Varsha Shobha Yatra” (Nandi songs of which were famous/popular) on the eve of Gudi Padwa and also in charity, advertisements and even some social events. contributes. On occasions it sponsors some social events.
Bank is well equipped in the field of mechanization/computerization of its services through 30 ATMs, Mobile Banking, RTGS, NEFT etc.