Our Bank

<b>The 'Shri Renukamata Multistate Co-Op Urban Credit Society' is a vital source of financial and technical assistance to developing countryside around the India. Our mission is to help people help themselves and their environment by providing reso- urces. It has been a long and eventful journey of almost five years across 94 countriesides. Starting in 2004 from a small building in Shevgaon to its new hi-rise and hi-tech Head Office "Renuka Bhavan" is a saga of vision, enterprise and financial prudence. It has made steady progress in past 9+ years and under the present Board of Directors has taken leap towards progress through TECHNOLOGY. </b>


True, Our Multistate has implemented Core Banking Solution with add on facilities like Mobile Banking, SMS Banking, Internet Banking, Daily Collection through Mobile App and many more
    With this customer can easy operate his/her account any time any where.

1.    Other Facilities :
    (a) Bill Payment : Electricity, Gas, Landline Telephone, Water Tax   
    (b)    Recharge : Mobile , Dish TV , Internet Pack
    (c)    Online Booking : Cab , Hotel, Airway.

Renukamata Bhavan

The Multistate Societies Head Office, Renuka Bhavan is base at Ahmadnagar. The Multistate Society has a wide network of more than 103 branches. Our Society adopts the new technology of banking which already successful implement by the private-sector bank. We are not depend on traditional banking like collect the deposit and distribute the loan & get the margin between loan and deposit intern as a profit, but we adopt the commercial practice like we provide the service to our customer & getting the commission like issue a payable cheque on various banks, electronic transfer facility, all local or out station cheque DD clearing facility, the all payment related with our customer paid by our society behalf of customer like pay light bill, phone bill, Insurance premium etc. we also provide the nationalized bank demand draft on 15 paise to our customer. In short we get huge revenue from those activities. Our Society get 80 to 90% revenue from indirect income, that?s why we are not concentrate on deposits or loans. If our financial position exam by any who get the following points. Our society distributes the loan to our members is 66.18 Cr. Out of that the Gold loan is 48.85 Cr., Loan Against FDR is 1.27 Cr. Means the 100% secured loan percentage is 9.52 % We also maintain the CRR 13.46 Cr., SLR 58.01. Which compulsory required as per the RBI norms our NPA percentage is 0 & CRAR is 32.48%. In short we try every time to maintain the SLR or CRR more than 80%. In other words we are capable for 100% payment at our depositors. Our turnover up to 31st Mar 2018 is 259.57 Cr. Our target is to open 500 branches all over in India within two years.