ABOUT BANK
The Kalwan Merchants Co-Op Bank
About Us
The Kalwan Merchants Co-Op Bank is a leading co-operative bank in Nashik District. The bank has 2 branches at Kalwan & Abhona. The head office of The Kalwan Merchants Co-Op Bank is held at Shiwajinagar, Kalwan.
History
The Kalwan Merchants Co-Op Bank Bank was originally promoted in 2nd October 1961 by 11 Board of Directors. The bank is situated in Kalwan, Nashik District having deposits more than 180 Crores. Our bank provides all types of loans with effective rate of interest. Customer satisfaction is Kalwan Merchant Banks primary objective.
Established in the year 1998.Aim's to help small businessman, Industrialist and middle class people to meet their financial needs.
The thought of establishing a bank had sparked up in the mind of its founders in the year 1996.Founder Chairman wishes to establish the organisation like bank with high value, financial stability, and discipline.
However, the dream of founder Chairman Dr. Madhusudan Goyanka, came true in 1998.The group of doctors, professionals and businessman came forward to establish the bank.With their valued support & the conscious efforts of founder Chairman,
the Bank was started with initial share capital of Rs. 22.36 lacs only.Mr. Mohmmad Tahir , Chief General Manager, Reserve Bank of India has inaugurated the bank on 1998.However, starting with small capital in small place like Hinganghat area,
which is Taluqa place of Wardha District, the Bank did not keep itself limited.In 1999 the bank has amended its area of operation for Wardha District. After that the bank has keep growing in single centre.In 2009 the bank has been awarded the
area of operation for Nagpur, Bhandara, Gondia and Chandrapur districts and also Branch license for Wardha.