About Us

Lokvikas Nagari Sahakari Bank Ltd., Aurangabad, has formed in the year 1996. We have three rules to achieve our goal is Service, Security and Developments. The founder Mr. J.K. Jadhav was in service of Maharashtra State Government, Department of Directorate of Industry. The main object of bank formation was the existing nationalized and other private sector banks were reluctant to assist entrepreneurs, land less laborers, industrial workers, small business men etc. The banks officials suspiciously looking/treating the customers, specially entrepreneurs from rural areas. The mail obstacle was to provide guarantor known to the bank and the security to be provided for the loan facility sending customer away from the bank.

Shri Jagannath Khanderao Jadhav

Founder

Shri Namdevrao Pawar

Chairman

Our banks Founder and Chairman recognized the need of the hour and thought seriously to remove these conditions and thoughtfully acted/provided the assistances to the needy people. Our bank started with the aim of to provide employment to the youths and make them self dependent.

To date the bank has financed about 80,000/- families of small vendors, shop keepers, transport operators, land less laborers, factory workers etc. in Aurangabad district. The area of operation of the bank is confined to Aurangabad district and adjoining district of Aurangabad, i.e. Jalna, Jalgaon, Nashik, Amhednagar & Beed.

The bank is providing bread and butter to the 100 employees and their family members. The bank has own data centre providing core banking and sms baking services to its customers. The bank is earning a good profit amount every year and prompts to answer social cause time to time. The bank also paying every year dividend to its shareholders. Bank is awarded “A” Grade in the Statutory Audit from the beginning. The bank has its own staff training centre at its owned premises.