Brief History

Brief History

Founded by visionary leaders committed to community banking, our institution has served with trust and integrity for decades.

 

Rich experience

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Smart complex solutions

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Affordable prices

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Modern technology

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Brilliant team

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24/7 online support

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What clients say
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Anna Richmond
Seven Media
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Richard Green
Seven Media
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Richard Green
Seven Media
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Diana White
Seven Design Agency

Our Journey in Numbers

A legacy built over five decades

1975
Founded
12
Branches
50+
Years of Service
5
IT Awards
Founding & Vision

Prof. Subhash Rane, the founder-promoter, along with his companions — M/s. Balasaheb Patankar, Prof. Jaykumar Desai, Abdul Karigar, Arun Narke, Mahadeorao Mahadik, Chandrakant Jadhav, R. P. Patil, Vikas Satpute, Adv. Vijaysinh Nimbalkar and Anandrao Patil (Kaulavkar) — registered the Bank on 16-06-1975. Their vision: to establish a financial institute on the principle of co-operation by the youth, for the development of youth, to make them stand independently on their own feet.

"Youth Bank was felicitated as the first Bank in the Asian continent established on the principles of co-operation by youth and for youth." — Mumbai Door Darshan
Key Milestones
1975
Bank registered and commenced operations. Dividend of 1.5% declared in the very first year — members voluntarily donated it to the Building Fund, a tradition continued unbroken for 15 years.
1981
The only contested election in the Bank's history. Since then, every election has been unanimous and unopposed — a quarter-century of democratic harmony setting a role model for Maharashtra.
1983
Reserve Bank of India licence obtained (No. MH-335) under the leadership of Chairman Adv. Vijaysinh Nimbalkar — a rare achievement at that time.
1984
After the sad demise of Director Captain Deepak V. Shinde (Nesarikar), the Bank began holding annual blood donation camps on 7th November — a tradition that continues to this day.
1991
Purchased own 5,000 sq. ft. premises at Venus Corner, Dr. Pendharkar Complex, Kolhapur — funded entirely by 15 years of members' voluntary dividend sacrifice. Bank logo also created on 1st April 1991.
1999
Won Best Bank Trophy from Indian Banks Association for the second time (first in 1975) at All India level.
2000s
First co-operative bank in Western Maharashtra to adopt Core Banking Solution, Any Branch Banking, SMS Alerts, and 24-hour ATM services with Master, Visa & RuPay support.
Technology Leadership

Youth Bank is the first bank from Western Maharashtra among co-operative banks to have adopted technically advanced software and computerised operations through an online system — at a time when even nationalised and private sector banks in the region had not yet embraced computerisation.

The Bank's ATM card operates at any ATM centre across India, supports Cheque Book and Deposit Requests through ATMs, and is compatible with Master, Visa, and RuPay cards. Banking Frontiers Magazine has recognised the Bank five times for outstanding performance in Information Technology from the co-operative banking sector.

Social Responsibility

The Bank actively supports NGOs, volunteers, artists, sportspersons, and students through cultural, sports, and environmental initiatives. Employees are offered Bonus, Mediclaim, Gratuity, LTC, and loan facilities, and are motivated for advanced education through additional salary increments.

Bank employees are celebrated achievers: the cricket team is widely acclaimed, and athletes like Pandurang Patil and wrestlers Datta Phadtare and Ananda Jadhav have won laurels at the All India level.
Present Network

Today the Bank operates its Head Office and 12 branches — at Shahupuri, Laxmipuri, Mangalwar Peth, Jaysingpur, Kasba Bawada, Market Yard, Shiroli Pulachi, Gokul Shirgaon (MIDC), Nagala Park, Jaragnagar, Kalamba, and Gadmudshingi — plus 2 extension counters at Rajaram Sugar Factory and Gokul Dairy, all in the Bank's own premises.

Other services