Kolhapur District has been a leading area in the co-operative sector of Maharashtra. But the number of co-operative banks was small. The economically backward people had to borrow money at a very high interest rate from private money lenders.

A renowned social worker, the late J.G. Kulkarni, took initiative in setting up a co-operative bank to serve the common man. Shri. V.N.Sanglikar, Dr.R.G.Kulkarni, Shri. C.V.Joshi, Shri. Bapu Khedekar actively supported him and then of a bank came into reality. Today, after forty two years, we can humbly but proudly say that our bank has gained the confidence of the public . Our bank has been struggling hard with the vision of the uplift of the honest but economically weak persons.