Form left : Bandopant B. Sultane, Shripal T. Vankudre, Babgonda B. Patil, Mahadev B. Chougule, Shantappa D. Herwade, Duryodhan B.Arwade

Standing from left : Nilkanth S. Ghevare, Baburao D. Gargate, Gangaram S. Chougule, Annaso B. Ladage, Chogalal J. Ladda

Inspired by the clarion call for self reliance given by National leaders in the pre-independence era, a group of patriotic, eminent personalities from various walks of life came together to launch a crusade for economic independence.

On the then scenario of industrialist owned banks catering to the needs of the rich and realising the limitations of co-operative societies and co-operative banks, The idea of establishing a commercial bank with the objective of meeting the needs of the low and middle income segment of the society engaged in trade and commerce was conceived, motivated by the driving force of Shri. Babgonda Bhujgonda Patil, a distinguished Advocate of Sangli and Shri. Gangaram Siddhappa Chougule, a renowned merchant of Kolhapur. The idea was brought into reality.