HISTORY

The Raigad District Central Co-Operative Bank Has Completed 50 Years of Banking Services.

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The Raigad District Central Co-Op. Bank Ltd, Alibag is registered under Maharashtgra State Co-Operative Act, 1960. RDCC Bank is Registered on 30.09.1960 and registered number is 24952. Bank has got the license on 11.11.1995 from Reserve Bank of India for banking business as per Banking Regulation Act, 1949 (Co-Op. Act.)

Bank’s area of operation is entire Raigad District and Head Office is situated at Alibag. Today bank is having 58 branches.

Bank is having its own data centre, we are proud to say that its the first DCC Bank in India having its own data centre. Bank offers the services of Data Centre to the Urban Banks in the districts. In order to prove its high standard, the Bank obtained ISO9001:2008 certificate. Government and NABARD implements so many schemes particularly for peasants, women, poor hard workers, helpless and down trodden people. RDCC Bank always pioneer to participate in such schemes and attain the goal at earliest. The Bank tries very hard for the upliftment of the down trodden people. The Bank has formed more than 8500 SHG’s, more than 180 Joint Liability Groups and also established 210 farmers group. The Bank takes efforts to develop the whole district by providing Financial assistance to all needy people. The Bank provides credit facilities to MSEDCL, Sugar factories, State transport corporation, Konkan Railway from time to time. The Bank’s net NPA is “Zero” and gross NPA is negligible.

The relationship between the customers and the bank is really of cordial nature. Even in this competitive world the bank has not only maintained its good position but also enhance its growth at all levels. The Bank is facing the competition from nationalised Banks, private sector banks and also from Urban banks, but the RDCC Bank has proved its standard and healthy banking atmosphere.

Even NABARD and Co-Operative department of Maharashtra have recognised the importance of the RDCC Bank. They are insisting the other DCC Banks to follow the Raigad pattern. Its really remarkable thing for the Raigad District Central Co-Op. Bank Limited.