Late Shri Ramkrishna Rathi the legendary and a great statesman founded the cooperative society in 1972, with main objective of providing credit assistance to needy people of small means-economically backward, uplift their living standard and quality of life by bringing people into the banking system with commitment of financial inclusion. The legendary to broaden the canvass of social wellbeing converted cooperative society into Washim bank. THE WASHIM URBAN COOPERATIVE BANK LTD, got the RBI license in 1979.

Shri Subhash Rathi, a visionary Chairman leading the Bank with brilliant academic career, has studied BE Hons from BITS Pilanians and MS Ind. Engg from Chicago USA. He has extensive & rich experience and has diversified business into several important segments covering the whole gamut of entrepreneurship, also in the Cooperative field.