History

The Bank has the unique distinction of being a witness to history. The Bank, which was originally founded in 1906, i.e. close on the heels of the Russian Revolution, also witnessed as a Society and as Bank - the First World War, the Second World War, India's freedom Movement and the glorious chapter of post-independence India.During this cataclysmic cavalcade of history, the Bank as a financial institution and its members could not of course remain unaffected by the economic consequences of the major events. The two wars in particular brought in their wake, paucities of all kinds and realities and stand by its members in distress as a solid bulwark of strength. The Founder Members and the later-day managements of the Bank continued to demonstrate their unwavering faith in the destiny of the common man and the co-operative movement and they encouraged the shareholders to save despite all odds.Thanks to these sustained and assiduous efforts over 25 years after its inception, the Bank had gained a strong foundation in terms of its membership, resources, assets and profits. The Bank is fulfilling all the banking needs of its customers. 

 Distt. Co-Operative Bank Ltd.Raebareli is established in year 1906 under Co-Operative Act which was first created in 1904 and then passed again in 1912 as Co-Operative Act led to form Central Co-Operative Banks. In 1965 the new  U.P.Co-operative Societies Act was passed after which the bank progressed continually.

                                                     In 1906 Great personality Honourable Mr. ......................................reputed layer and eminent person of our district by sense of Co-Operativeness and with the help of many farmers and people collected an amount of Rs. ................................ to form this bank. Foundation stone of the present Head Office building situated at Kaiparganj (Raebareli) was laid by Mr ........................... on 29/04/1906.

                                                                                                Bank has completed more than 100 years of banking services with pride. Bank used to provide prompt and cordial services to its numerous customers all the time since inception, in 2012 the Reserve Bank of India confirmed it by granting license to the bank for doing business in banking sector. At present the total deposit amount is reached around Rs............................crores and total loan amount disbursed reached up to Rs....................... crores.The bank has set-up of 32 branches in district Raebareli. All the branches and head office of the bank is totally computerized and CBS and equipped with all modern banking facility as a first step towards modern banking. Today bank provides RTGS/NEFT, SMS Alerts Facility to its customers and to provide ATM cum Debit Card, Net Banking, Mobile Banking, RuPay KCC etc. in progress. Some of our financial data for last 5 year indicate position and progress of the bank--