|The establishment of the Ratnakar Bank Ltd. was inspired by the motivating force of Shri. Babgonda Bhujgonda Patil a distinguished Advocate of Sangli and Shri. Gangaram Siddhappa Chougule, a renowned merchant of Kolhapur. The bank was set up on 6th, August 1943. “Ratnakar” means an ocean, a treasure house of jewels. In 1959 RBI granted the status of Scheduled bank to the Ratnakar Bank Ltd. The bank was set up with an aim to cater to the financial needs of the low and middle income segment of the society who were engaged in trade and commerce.
Bank offers various deposit schemes - Amrutkumbha Lakshadish Deposit, fixed deposit, Kalpavruksha Nirantar Deposit, etc. Bank also give loans for buying house, vehicle loan, agricultural loan, etc.