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.
WUB Board comprises of members representing strategic fields of Industry, Trade, Social, Medical and Legal Profession, Management and Finance, enjoying good market reputation and social standing.
The bank is run professionally observing the Corporate Governance in its heart & soul. The business philosophy is based on four core value pillars of service excellence, customer focus, product innovation and resourceful human.
WB is having a structured management consisting of experienced team of personnel at Corporate Level supported by dedicated team of marketing force spread at retail Outlets. It is also planning to develop a business correspondence and facilitators model of franchisees network extending the customer reach and services at door-step comfortably and with a human touch.
With modest beginning, the bank facing all odds & challenges, over the years has grown leaps and bound, crossing milestones of financial benchmarks attaining a business set-up of RS 333 CR. The bank has secured “A Grade” ranking from regulators in audit parlance.
To begin with, the bank has spread its footprint in District of Washim, Yeotmal, Akola and Amravati of Vidarbha Region by strong presence of 12 Branches located at Washim, Yeotmal, Amravati, Karanja, Arni, Risod, Manora,Umerkhed and 3 branches in Akola.
The bank having presently spread operational jurisdiction in eleven Districts of Vidarbha region namely Washim, Yeotmal, Akola, Amravati, Buldhana, Hingoli, Parbhani, Jalna, Nanded, Aurangabad and Nagpur is expanding shortly in the entire State of Maharashtra. In the ensuing year the bank will be opening few Outlets in these Districts to cater to the services of local people. The bank has its Corporate Office situated in the owned building at Washim.
With sound financials and strong foundation, the bank is now poised for Growth. The bank thus is thinking big and planning to grow big years ahead. With dedication and commitment having built business on strong footing, is planning its vision to spread wings in years to come into strategic locations allover in the States of Maharashtra.
WB has computerized all its business operations already employing a strong IT enabled ‘Core Banking Solution’ - CBS to leverage technology by using multi-delivery channels most efficiently and effectively not only to grow business at a greater speed but also for easy access to the customers at all times “anywhere and anytime”. The bank has its own DATA Centre and is in the process of installing On-site ATM and information KIOSK to benefit customers to access account information on touch screen.
Leveraging technology, WB plans in days to come to operate through Channel Business Partners of Business Correspondents at various locations adjoining banks Outlets penetrating into urban, semi urban & rural market thereby fulfilling National objective of financial inclusion.
The Bank has made available to clientele SMS banking and shortly launching Mobile banking and Internet services once RBI clearance is sought. The bank will also plan onto introducing RUPAY Card and connect to ATM National network system to experience banking at your convenience 24 x 7 across India in months to come.
WB has the most attractive and lucrative Interest Rates on Deposits, very popular investment products of all kinds of varied tenure packaged understanding the social responsibility of Senior Citizens, by offering them special Rates.
WB primarily focus on credit needs of SME- small & medium business, Traders, Professional, Salaried & Self-employed persons, as well, personal finance requirements including Housing, Vehicle, Consumer-durables, Gold ornaments, Property mortgage etc. To assist timely assistance to Agro-based activities and Farmers for crop preservation at Warehouse / Godowns has customized liberal Warehouse Receipt against pledge finance product.
The bank as its USP is offering tailor-made complete solutions under ‘one roof’ for all types of Loan requirement packaged at competitive pricing and in flexible terms.
WB is the “first urban bank” in Vidarbha Region to offer “7 DAYS Banking” at Washim and Kedia plot Akola branches and start “Specialized Lounge” for Senior Citizens & Disabled persons at Washim.
WB offers all kinds of banking all over India on-line real-time basis Funds transfer through ECS / MMS / RTGS / NEFT payment-settlement gateways and remittances through PO-DD facility under correspondent arrangement with leading Private Sector Banks. The bank is “first amongst Vidarbha Region” to be a member of NPCI - National Payment Corporation of India.
The bank offers dedicated counters for PAN Card, Aadhar Card , Payments of Utility Bills, Prime Ministers Initiatives’ both “Jeevan Jyoti Bima” and “Suraksha Bima Yojana”, On-Line Tax Payments and provides “ Safe Deposit Lockers” facility at branches.
The bank has cultivated into its culture corporate social responsibility in heart and soul and has undertaken various initiatives in this direction.
WB is confident with dedicated ‘team of relationship personnel’ staying focused in market committed to fulfill investment and finance needs in a homely way, hassle free and making association a ‘superior customer experience’ with delight.
Call at any of the outlets at any time to experience delightful services that establishes “relationship forever”.