Bank History

Shree Vardhaman Sahakri Bank Ltd’s proud journey started with its establishment on 25TH  Oct,1966.

At the prime time of opening Shree Vardhaman Sahakari Bank Ltd its address  was  Shiyapura,Raopura,Vadodara. In the year 1959 Bank’s Establisher Chairman Late Shri Vadilal Jethalal Shah Vice Chairman Late Shri Lalchand Nandlal Shah having a prosperous vision to provide a golden & profitable market  to Vadodara’s Market and  Industry, registered the Bank at a cooperative level. Shree Vardhaman Sahakari Bank Ltd provided services with a view to help  Vadodara’s Market and  Industry shop keepers with Banking facilities and help them start and manage their businesses.

Shree Vardhaman Sahakari Bank Ltd in the initial stage started with only 499 share holders and Rs. 0.20 lacs share capital. As on 30Th June  1960  number of share holders crossed 22269 and share capital of Rs. 381.33 lacs. As on 31st March 2015 Bank has crossed a total deposits of Rs. 81.63 crores and total advances of Rs.44.60 crores.

Shree Vardhaman Sahakari Bank Ltd has in total 4 Branches and a Head office.

The Bank started with only four employees and as on today it has  a circle of 47 employees. Bank has been providing up to date training to all employees of different levels. All Shree Vardhaman Sahakari Bank Ltd branches are well organized and completely computerized and is one of the leading Bank’s across Madhya  Gujarat. Shree Vardhaman Sahakari Bank Ltd was the first Bank to provide CBS facilities . In Vadodara  City Bank provides complete Core Banking Facilities to its customers. It may be noted that the Core Banking Solution was completed in just 3 months period which included 5 branches and a admin office which showed a positive approach and proof of determination of Shree Vardhaman Sahakari Bank’s Staff. With CBS facilities, Banks valued customers now can avail all kinds of Banking services and facilities from any branch.

The Bank considers its customers as a valued customer and provides top level Banking services which has made the Bank very popular among the customers. Due to this Bank’s deposits has always increased. Country’s economical changes, inflation, share market drips ,yield on High interest rates in mutual funds had very less effect on the Bank which can be seen viewing the numerical charts.

Bank leads not only in providing Banking facilities but also is very active in social services. As we know our Vadodara  has been hit by natural calamities like earthquake  where Bank has instantly helped its customers without a delay.
Under technology up-gradation scheme of Indian Government’s various  industry, Shree Vardhaman Sahakari Bank Ltd has got approval to provide direct advances and loans.

Currently Bank provides all kinds of Banking facilities including CBS,E-statements, SMS alerts, RTGS/NEFT, E-payments, etc.