Kalyan Janata Sahakari Bank Ltd.

About Bank

The Kalyan Janata Sahakari Bank Ltd.has completed three & half decades of dedicated service to the people of Kalyan city and surrounding areas. From a modest beginning in December, 1973, the bank has grown by leaps and bounds in a short span of three & half decades with a business mix of over Rs. 1500 crores today. With over 32000 shareholders and a satisfied client base of over 2.25 lakhs, the Bank is continuously striving to improve quality and set standards in customer service and become a 'Janata' bank in the truest sense.

The history of the bank dates back to the year 1970 when Advocate Bhaurao Sabnis and Shri. Vasantrao Purohit took the initiative, against heavy odds, in founding a bank for the predominantly middle class people of Kalyan. It was around the same time that The Kalyan Peoples' Co Operative Bank had failed leading to severe discontent among the people. Against this background, raising share capital for a bank was an extremely daunting task but their determined and relentless efforts culminated in a modest beginning on 23rd December, 1973 in a 180 sq.ft. office with three employees, share capital of Rs. 50,000/- and deposits of Rs. 80,000/-.

The first ones to be on the Board of Directors of the bank were Shri B.P.Joshi, Dr.P.V.Karkhanis, Advocate Shri Bhaurao Sabnis, Shri V.G.Phadke-Chartered Accountant, Prof.A.P.Pradhan, Shri S.M.Oak, Advocate U.S.Sheikh, Shri N.D.Bhoir, Shri G.S.Kadam, Shri V.H.Purohit, Shri W.D.Sathe among others. The visionary zeal of these pioneers has catapulted the bank into number one position in Kalyan with a spread of 9 branches in the city besides a branch each in Ulhasnagar, Wada and Murbad towns and entry in the Mumbai city with the opening of a branch in Ghatkopar(East) in March, 2004 and also Extension Counters at Badlapur & Ulhasnagar-1.

All the Branches are working under Core Banking resulting in prompt customer service. Branch expansion to be made for 2009-10. We have recently merged with 'The Satara Merchants Co-Op Bank' which has enabled us to offer our services through four additional branches. We have also recently opened two new branches, one at 'Ulhasnagar - 2' and one at 'Thane'.

We had received permission for NEFT (National Electronic Fund Transfer) from RBI. RTGS facility is already available so that customer can transfer the amount to other Bank. We had launched SMS Banking on Maharashtra Day.

The Bank is also providing to its customers free Electronic Clearing System (ECS) facility for payment of telephone bills. For the convenience of customers, almost all branches work in double shift i.e. morning and evening on week days and also on Sundays.

The Bank has become a member of Negotiated Dealing System, an electronic platform for dealing in Government securities substantiating techno services of the Bank.

The Reserve Bank of India has recently granted the status of "Authorised Co-Operative Bank" to accept Rupee deposits from NRIs at 14 branches of the Bank. The Govt. of Maharashtra has also granted Stamp Vending License through Franking Machine which is installed at Kala Talao Branch.

Careers

Ours is a leading Scheduled Co-operative Bank with a Business Mix of more than Rs. 1200 crores, completely technology-driven, working under CBS with latest offerings like RTGS, NEFT, SMS Banking, etc. The Bank is growing in the Districts of Mumbai, Thane, Nasik and Western Maharashtra.

To meet its progressive needs the Bank is looking to fill up vacancies at Executive level positions as under :

Chief Manager - for Credit, Recovery, Administration, Operational Banking, HR, IT & Law

• For Credit
• For Recovery
• For Administration & HR
• For Operational Banking
• For IT
• For Law

Contact Details

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Website: http://kalyanjanata.in

Courtesy: kalyanjanata.in