Buldana Urban Cooperative Credit Society

Buldana Urban Cooperative Credit Society
Buldana Urban Circle Logo
Type	Credit Union
Industry	Banking, Financial Services
Founded	15 August 1986
Headquarters	Buldana, Maharashtra, India
Area served	India
Key people	Dr. Sukesh Zamwar (Managing Director^[1])
Products	consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, savings, Securities, asset management, wealth management, credit cards, general insurance
Revenue	₹64845595458 (US$950 million)(2013)
Profit	₹516186822 (US$7.6 million) (2013)
Owner	Members of Buldana Urban
Number of employees	5000 (2013)
Website	www.buldanaurban.in

Buldana Urban Cooperative Credit Society was formed on 15 August 1986. Chairman (Mr.) Radheshyamji Chandak started it with capital of 210 USD and 72 members. In a span of 27 years and mainly in last decade under managing director Dr Sukesh Zamwar,^[2] the Credit Society has grown to size of 1.1 billion dollar business with more than half a million (700,000) membership. The area of operation is mainly in central and western India in four states of India. Now the society has 333 branches and 5000 employee and 300 warehouses. Total built up area for Warehouse is 5,000,000 sq feet and capacity of 435,000 metric tons. It maintains a presence in most of the metro cities of India and also in rural areas.

Working area of buldana Urban.

Awards and achievements

Credit union Micro Finance innovation award given by the Asian Confederation of Credit Union in Manila by International Cooperative Alliance Chairman Pauline Green.
Best cooperative credit society award by Apex body of Indian cooperative, National Cooperative Union of India in 2008 and in 2013.
Managing director of Buldana Urban Cooperative Credit Society^[3] becomes chairman of International Cooperative Alliance^[4] Asia pacific Youth Committee.
India coordinator of Asian Confederation of Credit Unions.
World Corporate Excellence Award ^[5]
Banking frontiers 2014 - Best Youth CEO Award ^[6]^[7]

Activities

The co-operative society business activities mainly are in warehouse loan business, gold loan business, industrial finance, infrastructure finance business, housing loan and vehicle loans, individual loan business, and education loans. Lending is not be the sole business of any credit union; it must do something for members.

The Credit Society's principles, or breakout innovations are:

Four Pillar System - all the money in the world goes to banks.
Social banking - people's money should be utilized for well being of people.

Technology use

To handle business for its 700,000 customers scattered in four states and 5,000 employees, its branches are connected by a core banking network, a data center and core banking software. It provides facilities for debit card, internet banking and mobile valet to customers, as well as real time money transfer and online warehousing. In India, the banking sector is still lagging behind the developed world, so to reach unbanked people in Buldana Urban, it has started a mobile banking van.

The society has a tie up with Yes Bank for a doorstep service, called Nano Teller, through which the society's employee provide customers to deposit or withdraw up to ₹ from their savings account. In 2012, the service was started in Pune.^[8]

Buldana Urban Industries

Buldana and its subsidiaries run many industries

Pharmaceutical company manufacturing anticancer drugs
Mineral water plant
Cleaning and grading units at warehouses with day packing facility
Sugar factory
Milling of pulses
Soybean Seed plant
Village development programs
Buldana Urban Credit Care^[9]
Safety And Security Company^[10]
Buldana Urban Charitable Trust^[11]

References

Raut, Arvind K. "A Study of Human Resource Planning, Recruitment & Selection Procedure of Buldana Urban Co-operative Credit Society Ltd". In Dr. Dilip B. Patil, Dr. Dinesh D. Bhakkad. Redefining Management Practices and Marketing in Modern Age. Atharva Publications. p. 43. ISBN 9382795855.
Arya, Shishir (2013-03-11). "This urban credit cooperative society strikes gold in farm loans!". The Times of India (Timesofindia.indiatimes.com). Retrieved 2014-06-16.
"Annual Report 2013" (PDF). Buldana Urban Co-operative Credit Society. Retrieved 2014-06-16.
"Annual Report 2012" (PDF). Buldana Urban Co-operative Credit Society. Retrieved 2014-06-16.
"Buldana Urban Co-operative Credit Society". Tuugo.in. 2012-12-21. Retrieved 2014-06-16.

↑ "Buldhana Society to open branch in Karimnagar today". The Hindu (The Hindu Group). 25 November 2013. Retrieved 8 September 2014.
↑ http://buldanaurban.in/md.html
↑ "Buldana Urban Co-opp. Credit Society,Buldana". Retrieved 17 January 2015.
↑ "ICA: International Co-operative Alliance - Welcome to the official website of the International Co-operative Alliance". Retrieved 17 January 2015.
↑ Vsdongre Dongre. "Dr Sukesh Zamwar". Retrieved 17 January 2015.
↑ Vsdongre Dongre. "Dr Sukesh Zamwar". Retrieved 17 January 2015.
↑ "Winner List". Retrieved 17 January 2015.
↑ Wadke, rahul (7 February 2012). "YES Bank ties up with Buldana society for doorstep service". The Hindu. Retrieved 19 June 2014.
↑ Corporate dir
↑ Corporate dir
↑ Zaubacorp

External links

Banking in India

Reserve bank	Reserve Bank of India

Public sector banks	Allahabad Bank Andhra Bank Bank of Baroda Bank of India Bank of Maharashtra Bharatiya Mahila Bank Canara Bank Central Bank of India Corporation Bank Dena Bank IDBI Bank Indian Bank Indian Overseas Bank Oriental Bank of Commerce Post Bank of India Punjab & Sind Bank Punjab National Bank State Bank of Bikaner & Jaipur State Bank of Hyderabad State Bank of India State Bank of Mysore State Bank of Patiala State Bank of Travancore Syndicate Bank UCO Bank Union Bank of India United Bank of India Vijaya Bank

Private sector banks	Axis Bank Bandhan Bank Catholic Syrian Bank City Union Bank DCB Bank Dhanlaxmi Bank Federal Bank HDFC Bank ICICI Bank IDFC Bank IndusInd Bank Jammu & Kashmir Bank Karnataka Bank Karur Vysya Bank Kotak Mahindra Bank Lakshmi Vilas Bank Nainital Bank RBL Bank (Ratnakar Bank) South Indian Bank Tamilnad Mercantile Bank Limited Yes Bank

Cooperative banks	Buldhana Urban Cosmos Bank Repco Bank Saraswat Bank Shamrao Vithal Co-op. Bank TNSC Bank Rajkot Nagrik Sahakari Bank

Foreign banks	ABN AMRO Abu Dhabi Commercial Bank Antwerp Diamond Bank Australia and New Zealand Banking Group Bank Internasional Indonesia Bank of America Bank of Bahrain and Kuwait Bank of Ceylon The Bank of Tokyo-Mitsubishi UFJ Barclays Citibank India Credit Suisse Deutsche Bank HSBC The Royal Bank of Scotland Scotiabank Standard Chartered

Regional Rural Banks	Andhra Pragathi Grameena Bank Kerala Gramin Bank Bangiya Gramin Vikash Bank Gramin Bank of Aryavart North Malabar Gramin Bank Pallavan Grama Bank Pandyan Grama Bank Paschim Banga Gramin Bank Sarva UP Gramin Bank South Malabar Gramin Bank Uttar Bihar Gramin Bank Vananchal Gramin Bank List of regional rural banks in Uttar Pradesh

Interbank networks	BANCS Cashnet CashTree Cirrus IMPS MITR NFS PLUS RuPay

Defunct banks	Alliance Bank of Simla Arbuthnot & Co Bank of Bombay Bank of Calcutta Bank of Chettinad Bank of Madras Bank of Madura Bank of Rajasthan Bengal Central Bank Bharat Overseas Bank Centurion Bank of Punjab Chartered Bank of India, Australia and China Commercial Bank of India Dass Bank Exchange Bank of India & Africa Global Trust Bank Grindlays Bank Imperial Bank of India ING Vysya Bank Lord Krishna Bank Madhavpura Mercantile Cooperative Bank Mercantile Bank of India, London and China Nath Bank Nedungadi Bank New Bank of India Oriental Bank Corporation Oudh Commercial Bank Palai Central Bank Pandyan Bank State Bank of Indore State Bank of Saurashtra United Industrial Bank

Related topics	Banking Codes and Standards Board of India ATM usage fees in India De-Materialisation (DEMAT) Foreign Exchange (FOREX) Indian Financial System Code (IFSC) List of banks in India National Electronic Fund Transfer (NEFT) National Payments Corporation of India Real Time Gross Settlement (RTGS) Structured Financial Messaging System (SFMS) Prepaid Payment Instruments in India

This article is issued from Wikipedia - version of the Saturday, October 24, 2015. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.