Kolhapur District has been a leading area in the co-operative sector of Maharashtra. But the number of co-operative banks was small. The economically backward people had to borrow money at a very high interest rate from private money lenders.

A renowned social worker, the late J.G. Kulkarni, took initiative in setting up a co-operative bank to serve the common man. Shri. V.N.Sanglikar, Dr.R.G.Kulkarni, Shri. C.V.Joshi, Shri. Bapu Khedekar actively supported him and then of a bank came into reality. Today, after forty two years, we can humbly but proudly say that our bank has gained the confidence of the public. Our bank has been struggling hard with the vision of the uplift of the honest but economically weak persons.