Vision
A Premier co-operative bank
Operating Principles
We are dedicated to making our customers, shareholders, and community proud.
We continuously strive to offer the finest products and services that contribute to our customers’ growth, progress, and prosperity.
We uphold the highest standards of integrity, working towards our goals with the active involvement, dedication, and commitment of our employees.
Our Journey
Founded in 1996 by Adv. Varsha Madgulkar at the age of 22, Jijamata Mahila Cooperative Bank set out to bring fair, accessible banking to ordinary people—especially women. From our first steps to a robust statewide presence, we have built a social bank rooted in trust, transparency, and empowerment.
Social Contributions
- Care for 100+ orphan girls through long-term support
- India’s first Women’s Grievance Redressal Centre in a police station
- 3,000+ women’s Self-Help Groups enabling entrepreneurship
- Served 1.5 lakh+ customers across Satara district
- Published SHG guides ensuring simplified, ethical credit
- Student libraries, free training, and support for sports and culture
Achievements & Recognition
- 76 awards, including eight consecutive years as Maharashtra’s No.1 cooperative bank
- First “Sushiladevi Salunkhe Sahakar Jeevangaurav Award”
- Modern banking adopted: RTGS, NEFT, QR, and digital services
- Model studied by universities; theses published nationally and internationally
Resilience & Recovery
In 2019, the Karad branch was destroyed by floods. With community support and meticulous management, we rebuilt stronger—raising ₹10 crore in new share capital and repaying ₹100 crore in deposits to protect our depositors.
Future Vision (2025 and Beyond)
- Remain Satara’s largest cooperative bank with strong clearing operations
- Deliver faster, friendlier service than nationalized banks
- Expand women’s empowerment through SHGs, literacy, and training
- Uphold “Neither Profit, Nor Loss” while ensuring social upliftment
Core Values & Legacy
- Transparency and ethical governance
- Social responsibility beyond banking
- Customer trust through fair, resilient service
- Women empowerment—banking for dignity, equality, entrepreneurship
Jijamata Mahila Cooperative Bank is more than a financial institution—it is a movement. Our staff serve as bankers and social workers, dedicated to cooperative values and community progress.
Inception
On 25th April 1974, with the registration number PNA/BNK/229, Jijamata Mahila Sahakari Bank Ltd., Pune, came into existence with a vision to empower the community, especially women, through financial inclusion and cooperative values. The Bank received its RBI Licence (ACD MH 51 P) on 9th January 1975.
From its modest beginnings in Pune, the Bank has grown steadily, expanding its operations across the State of Maharashtra while staying true to its cooperative spirit.
Growth and Evolution
Over the decades, Jijamata Mahila Sahakari Bank Ltd. has demonstrated consistent and robust growth, both in financial performance and in service quality.
- The Bank has strengthened its financial base with a Paid-up Share Capital of ₹1,456.07 lakh, Reserves & Funds of ₹3,938.83 lakh, and Deposits of ₹39,113.57 lakh as of 31st March 2024.
- With Loans & Advances of ₹23,806.01 lakh and Investments of ₹15,457.93 lakh, the Bank continues to serve the diverse financial needs of its members and customers.
- The institution proudly serves 24,533 shareholders and maintains an A-class Audit Classification with strong asset quality (Gross NPA: 4.63%, Net NPA: 0.31%).
- Today, the Bank operates through 14 branches and 1 Head Office, offering services to customers across Maharashtra.
Principles
The Bank is guided by a Board of Directors comprising experienced professionals from various fields, including banking, finance, law, and community service.
Following best practices in governance, Jijamata Mahila Sahakari Bank Ltd. adheres to a strict code of ethical business principles. Our philosophy rests on four strong pillars: Service Excellence, Customer Focus, Product Innovation, and Committed People.
We offer a wide range of deposit schemes to suit every customer’s needs and provide customised credit solutions with competitive and flexible terms, serving individuals, small businesses, professionals, and enterprises.
Value-Added Services
Jijamata Mahila Sahakari Bank Ltd. continues to enhance customer convenience by offering modern banking facilities and additional services:
- Digital Banking – Mobile Banking, Net Banking, SMS Banking
- Debit Card – RuPay Card Services
- Bill Payment Facility
- POS Terminals & QR Code Payment Facility
- UPI Services through NPCI
- Pan-India ATM Network
- Passbook Printing Kiosks for self-service convenience
With a strong cooperative foundation and modern banking solutions, Jijamata Mahila Sahakari Bank Ltd. is committed to supporting the progress and prosperity of its members and community.
Shareholders’ Corner
Information for our members and shareholders:
- Membership eligibility, rights, and responsibilities
- Dividend policy and share capital updates
- Annual General Meeting schedules and notices
- Forms and guidance available at branches
Growth and Evolution
Sadipscing labore amet rebum est et justo gubergren. Et eirmod ipsum sit diam ut magna lorem. Nonumy vero labore lorem sanctus rebum et lorem magna kasd, stet amet magna accusam consetetur eirmod. Kasd accusam sit ipsum sadipscing et at at sanctus et. Ipsum sit gubergren dolores et, consetetur justo invidunt at et aliquyam ut et vero clita. Diam sea sea no sed dolores diam nonumy, gubergren sit stet no diam kasd vero.
Board of Directors
Experienced leadership guiding our cooperative mission:
- Professionals from banking, finance, law, and social sectors
- Committees for audit, risk, and customer service
- Ethical governance and transparent decision-making
Growth and Evolution
Sadipscing labore amet rebum est et justo gubergren. Et eirmod ipsum sit diam ut magna lorem. Nonumy vero labore lorem sanctus rebum et lorem magna kasd, stet amet magna accusam consetetur eirmod. Kasd accusam sit ipsum sadipscing et at at sanctus et. Ipsum sit gubergren dolores et, consetetur justo invidunt at et aliquyam ut et vero clita. Diam sea sea no sed dolores diam nonumy, gubergren sit stet no diam kasd vero.
Board of Management
Operational leadership ensuring customer-first execution:
- Branch operations, compliance, and service quality
- Digital banking rollout and customer onboarding
- Training for SHGs and financial literacy
Growth and Evolution
Sadipscing labore amet rebum est et justo gubergren. Et eirmod ipsum sit diam ut magna lorem. Nonumy vero labore lorem sanctus rebum et lorem magna kasd, stet amet magna accusam consetetur eirmod. Kasd accusam sit ipsum sadipscing et at at sanctus et. Ipsum sit gubergren dolores et, consetetur justo invidunt at et aliquyam ut et vero clita. Diam sea sea no sed dolores diam nonumy, gubergren sit stet no diam kasd vero.
Key Personnel
Committed people delivering dignified, transparent service:
- Women-led branch teams and customer service desks
- Credit officers supporting SHG entrepreneurs
- Digital helpdesks for UPI, Net Banking, and QR payments
Growth and Evolution
Sadipscing labore amet rebum est et justo gubergren. Et eirmod ipsum sit diam ut magna lorem. Nonumy vero labore lorem sanctus rebum et lorem magna kasd, stet amet magna accusam consetetur eirmod. Kasd accusam sit ipsum sadipscing et at at sanctus et. Ipsum sit gubergren dolores et, consetetur justo invidunt at et aliquyam ut et vero clita. Diam sea sea no sed dolores diam nonumy, gubergren sit stet no diam kasd vero.
Annual Reports
We publish audited annual reports and disclosures in line with regulations. Reports are available at branches and on request.
Growth and Evolution
Sadipscing labore amet rebum est et justo gubergren. Et eirmod ipsum sit diam ut magna lorem. Nonumy vero labore lorem sanctus rebum et lorem magna kasd, stet amet magna accusam consetetur eirmod. Kasd accusam sit ipsum sadipscing et at at sanctus et. Ipsum sit gubergren dolores et, consetetur justo invidunt at et aliquyam ut et vero clita. Diam sea sea no sed dolores diam nonumy, gubergren sit stet no diam kasd vero.
Regulatory Disclosures
We adhere to RBI and cooperative regulatory norms. Key disclosures (financials, governance, audit classification) are available at branches and published as required.
Growth and Evolution
Sadipscing labore amet rebum est et justo gubergren. Et eirmod ipsum sit diam ut magna lorem. Nonumy vero labore lorem sanctus rebum et lorem magna kasd, stet amet magna accusam consetetur eirmod. Kasd accusam sit ipsum sadipscing et at at sanctus et. Ipsum sit gubergren dolores et, consetetur justo invidunt at et aliquyam ut et vero clita. Diam sea sea no sed dolores diam nonumy, gubergren sit stet no diam kasd vero.
