Shri Veershaiv Co-operative Bank Limited

The far-sighted Ruler of Karveer His Highness Chatrapati Shahumaharaja had encouraged social leaders to establish co-operative credit societies for economic development of his realm. His Highness not only offered his support to Credit Societies but also passed a Co-operative Societies Act in 1913. His Highness even made applicable the Mumbai Societies Act 1925 in his State. As the roots of co-operation started growing in the Community, eminent social and community leaders Chief Promoter Raosaheb D.B. Mali and pioneer members Adv. M.D. Shresthi, Dr. N.C. Chikmath, Shri S.G. Swami, Mahadevanna Chougule, Shivpadanna Nashte, Virupaksha Doijad, Kashappanna Karambali, Dadoba Gadave, Dhondippana Todkar and so many others established Shri Veershaiv Cooperative Bank on 4th February 1942 with Paid Up capital of Rs.2500/- The First Board Meeting was held on 12 Feb 1942 to discuss about the fulfillment of terms of registration that is to collect Rs.20,000/- share capital within a short period ...