36+ Foreign Banks Near Me in Grant Road, Mumbai

The Bank has a very humble but a very inspiring beginning. On 14th September 1918, "The Saraswat Co-operative Banking Society" was founded. Mr. J.K. Parulkar became its first Chairman, Mr. N.B. Thakur, the first Vice-Chairman, Mr. P.N. Warde, the first Secretary and Mr. Shivram Gopal Rajadhyaksha, the first Treasurer. These were people with deep and abiding ideals, faith, vision, optimism and entrepreneurial skills. These dedicated men in charge of the Society had a commendable sense of service and duty imbibed in them. Even today, our honorable founders inspire a sense of awe and respect in the Bank and amongst the shareholders. The Society was initially set up to help families in distress. Its objective was to provide temporary accommodation to its members in eventualities such as weddings of dependent members of the family, repayment of debt and expenses of medical treatment etc. The Society was converted into a full-fledged Urban Co-operative Bank in the year 1933.

Dena Bank, in July 1969 along with 13 other major banks was nationalized and is now a Public Sector Bank constituted under the Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970. Under the provisions of the Banking Regulations Act 1949, in addition to the business of banking, the Bank can undertake other business as specified in Section 6 of the Banking Regulations Act, 1949.

It has been a long and eventful journey of almost a century across 25 countries. Starting in 1908 from a small building in Baroda to its new hi-rise and hi-tech Baroda Corporate Centre in Mumbai, is a saga of vision, enterprise, financial prudence and corporate governance.

To an average Railway-man working in Western Railway, the name Sir Ernest Jackson would evoke a hazy response, but the mention of Jackson Co-operative Bank would bring million smiles all across. Born in 1876 in Britain. Sir Ernest Jackson set his foot on Indian soil in 1900, immediately after the completion of his Articleship, to join the East Indian Railways as Assitant Auditor. Very soon he got wedded to the Railway's macrocosm, albeit, he had a brief stint with Calcutta Port Trust where he was exposed to the issues of administration while working as Chief Auditor. A Chartered Accountant by degree, Sir Jackson, took over the responsibility of Chief Auditor of BB & CI Railway in 1911, a position correspondent to the present day Financial Adviser & Chief Accounts Officer. Needless to point out that BB&CI Railways was the precursor to Western Railway.