RDCC Bank

The Raigad District Central Co-Operative Bank was established on 30 September 1960. The Reserve Bank of India granted a banking license to Raigad DCC on 11 November 1995. Jayant Prabhakar Patil (MLC) took charge of the bank as chairman in 1997.^[1]

Financial performance

In 2015 the total deposits were around ₹1731 crore (US$260 million) and the total loans ₹893 crore (US$130 million).

Products and Services

• Bank has two products: loans and deposits.
• Bank gives services such as safe deposit boxes, insurance (Birla Sun Life Insurance), MSEB Bill Center, RTGS and National Electronic Fund Transfer (NEFT).
• Bank has its ATM at various locations.
• It is the first District Cooperative Central Bank to issue Kisan Credit Card in India which launched on 18 May 2013.^[2]

Awards and Recognitions

• Sahakar Nishtha award from the Government of Maharashtra-Co.operative department for the effective contribution towards co-operation in the state.
• RDCC Bank has won the S.H.G.(Bachat Gat) formation and credit Linkage award for both Maharashtra and Konkan region in November 2012.
• Bank has been awarded the Vaikunthbhai Mehta Award for five consecutive years by Maharashtra state Co-Op. banks association limited, Mumbai.
• Winner of Konkan Region Best District Co.Op.Bank by Padmashree Dr. Vitthalrao Vikhe Patil foundations.
• Only D.C.C. Bank in Konkan region to win state level Yuvakmudra Award for four successive years from 1997–98 to 2000-01.
• Winner of Arthaved Award from Marathi Vruttapatra Lekh Sangh.
• Pradeep Naik, the bank's CEO has been awarded a Frontiers in Co.Op.Banking Awards in District central Co-Op. Bank category in the year 2012–13.
• Achieved Letter of Honor for pursuing the economic standards in the year 2009–2010 by The Maharashtra State Co-Op. Bank Limited, Mumbai.

References

1. "This Patil has his feet firmly on the ground". timesofindia-economictimes.
2. AJ Vinayak. "Nabard to highlight co-op role in RuPay implementation". The Hindu Business Line.

External links

Official website