Rupee Co-op. Bank Ltd. was established as a Co-operative Society in 1912 by visionaries, who were inspired by the work of Late Shri Lokmanya Tilak. An interesting fact about this bank is that the word Rupee in the name of the bank stands for the fact that, the initial share capital amount contributed by every shareholder was one Rupee.
It was in the year 1988 that the Bank was accorded a Scheduled Bank status as per Reserve Bank of India Act 1934. The Bank has its geographical presence in the State of Maharashtra with a network of 36 branches and 5 extension counters. ATM facility is available at 7 important branches in Pune. The bank has also entered into agreement with various banks for Demand Draft drawing arrangements at important locations all over India.
The bank is foraying in to Life Insurance business as a referral partner to Max New York Life Insurance Co. Ltd. and into General Insurance business as a referral partner to Oriental Insurance Co. Ltd.
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