60+

Years of legacy

Bank History

Glorious Journey of Ratnagiri District Central Co-operative Bank

The Ratnagiri District Central Co-operative Bank was established on May 24, 1957, and was inaugurated on December 5, 1957, by the late Shri. Ramlal Suraiya, the then Chairman of the Maharashtra State Co-operative Bank. Following the district reorganization, the bank was re-established on July 1, 1983 (Registration No. 1427). The Reserve Bank of India (RBI) granted the business license in 1995, which was further renewed in 2011.

To strengthen the fishing industry—a major occupation along the Konkan coast—the bank provides extensive financial support through Fishermen’s Co-operative Societies. The district's economy thrives on 'Konkani Produce' like Alphonso Mangoes, Cashews, Jackfruit, Coconut, and Kokum. While Rice and Nachni (Finger Millet) are the primary crops, the Mango and Cashew processing industries play a vital role in the district's economic growth. The bank consistently provides the financial strength required for these agriculture-based industries.

The Bank’s operations span across all 9 talukas of Ratnagiri district: Mandangad, Dapoli, Khed, Guhagar, Chiplun, Sangameshwar, Ratnagiri, Lanja, and Rajapur. The district is uniquely identified by the majestic Sahyadri mountain ranges, a rich variety of medicinal herbs, and a picturesque landscape shaped by heavy rainfall, creating a truly scenic environment.

1957 - A Glorious Beginning

9 Talukas - Expanding Network

Embracing Digital Banking

Ideal CRAR Ratio

Our Mission

To emerge as a modern, technology-friendly, and secure bank in the co-operative banking sector of Ratnagiri district.

We envision a future where every citizen of the district is seamlessly integrated into the digital banking ecosystem. Our mission is to empower individuals through secure technology, fostering sustainable economic growth across all sectors. By bridging the gap between traditional banking and modern innovation, we aim to be the trusted partner in every family's journey toward financial prosperity and a brighter tomorrow.

Our Vision

Empowering the district's agriculture, fishing, and local industries through transparent services.

To be the most trusted bank that improves the lives of everyone in Ratnagiri through honest and modern banking. We dream of a future where every family in our district is financially safe and every local businessman has the support to grow. By combining our traditional values with new technology, we aim to be the best bank for our people and a leader in our district's progress.