ABOUT BANK
In furtherance to the development of the co-operative movement in the district, the need for establishment of separate machinery for the distribution of finance in the rural areas was felt vigorously & hence the district central co- op,banks came into existence as a Central Finance Agency to meet the financial requirement of the various co-operative in the district. The co-operative societies act gave birth to many co-operative institutions ,hence the Pune District Central Co-operative Bank came into existence on 4thSEPT.1917 with the vigorous efforts taken by late Shri.N.C.Kelkar. Now the Pune Central Co-Operative bank been the PDCC Bank LTD is having its registered office at 4 B, B. J. Road, Pune 411 001. The Bank is having Banking License No. RPCD Bombay 62 C, Dated 16/3/1995 from Reserve Bank of India to transact Banking business.The bank has rich history in as much as its first Chairman Late Shri.N.C.Kelkar a renowned litterateur and social worker. Able leadership was subsequently provided by eminent personalities like Late Dr.D.R.Gadgil, the father of co-operative movement in India, Shri. L.B.Bhopatkar leading lawyers of Pune and Prof.V.G.Kale economist. The Board has taken drastic decisions like implementation of Core Banking System, mobile banking and such other latest technology in the Pune District Central Co-op. Bank to compete in the changing business scenario.In the beginning i.e. in 1917 there were only two employees in the banks one was manager and another was clerk. The first manager of the banks was Shri.L.K.Bhagwat. The total no. of members were 137 out of which 55 were co- op.societies & 82 were individuals members. The bank started its functioning with the working capital of Rs.51,000/-. The area of operation of the bank is extended over Pune District. Despite the fact that there is stiff competition from the nationalised & urban co-op. banks, which have fairly large network in the district, but the bank has maintained its business share in the district and even at industry level.Since last 104 years the bank is rendering remarkable services to its customers. As a Central Financing Agency in the district, the District Central Co- op.Bank are the platform on which, the co-operative societies in the district use to maintain there reserve fund deposits and others, besides which the SLR investments in the form of deposits are being kept with the DCC banks by the urban co-op.banks. The DCC banks are representing the co-operative institutions in the district in many ways, for urban co-operative banks the clearing sub- members facility is being given by the DCC banks besides which the DCC banks are providing loans to various on lending co-operative institutions. The DCC banks are the backbone of the Agriculture Finance in the country.
