During that period there was a need of a society. This has added to other Co-operators during the beginning of the Co-operative movement in our country with prime object of encouraging thrift and savings habit among the public and to free the common man from the clutches of private money lenders, small dailies, chits.

The Bank was started with a motto "If the money in this bank is properly maintained as it is considered the money of God, it will be good for you and your family and society" That is why with Rs.1540 capital which was started at that time in 25th janauary 1913 has now reached me worth over Rs.324 lakhs. Earlier the main object was to serve the Merchants basically and now scope was widened and now severing general public at large. All customers say that this is possible only through the sincere efforts of team bank.

The Bank went up and in 1963 the RBI has issued Banking Licence No "UBD KA 1055 P" after having confirmed the working of the Bank. After that the Bank is working very well and has the increased its market share of Banking business at Gajendragad. The number of Pigmy members increased and the number of account holders are also Increased under his guidance, ex-bank Chairmen bega contacting small and petty businessmen in the city to raise money for Pigmy.

Fund mobilising significantly improved. The bank's business started to progress from there on. Now it has stood as the premier institution at Gajendragad, under crisis also the bank performed well with doing best service to the society under guidance of the Manging committee member.