The Chandrapur District Central Co-operative Bank Limited is registered under the Maharashtra State Co-operative Societies Act, 1960 on 8th November 1985, The area of operation for the Bank is confined to geographical limit of Chandrapur District only. During the financial year ended 31st March, 2015, the Bank was operating through a network of 93 Branches (including 11 Pay Offices) with Head Office at Chandrapur. Bank is having its own Data Centre and Disaster Recovery Site. At present the total deposit amount reaches to 1785.51 crores and the total loan amount disbursed reaches up to 1119.71 crores.
Chandrapur district comprises 15 talukas, namely Chandrapur, Ballarpur, Rajura, Bhadrawati, Warora, Chimur, Nagbhir, Bramhapuri, Sindewahi, Mul, Saoli, Gondpipri, Korpana, Pombhurna and Jiwati.
It gives us the immense pleasure to tell our Bank has completed 103 glorious years successfully and are stepping ahead positively.
The Bank is mainly involved in the agricultural financing and government fund distributions. Apart from it bank is also functioning in the area of consumer lending and corporate lending which contributes more than 45% of the bank’s total assets, and by number of locations. As per the earlier guideline through RBI, the bank was restricted to operate within the district. Being a Class A Bank and recent Audit by RBI , bank is allowed to operate in multiple districts across entire state.
Even in this competitive world the bank has not only maintained its good position but also enhance its growth at all levels. The Bank is facing the competition from nationalized Banks, private sector banks and also from Urban banks, but the CDCC Bank has proved its standard and healthy banking atmosphere.
Reserve bank of India had given permission to do banking business through license no RPCD.NAG.DCCB/L/03 in 2009.this license was renewed on March 5, 2012 with license no RPCD.NAG.DCCB/L/09 .
Two separate banks were established in the year 1912 & 1913 namely Bramhapuri Central Co-operative Land Mortgage Bank Ltd , Bramhapuri & Warora Central Co-operative Land Mortgage Bank Ltd ,Warora.
Later, as per the Bombay Co-operative Society Act 1925 both the banks were merged together thus the Chanda District Central Co-operative Bank came into existence on 25/1/1962 having registration no 24955 to work within the entire district.
The first President was Shri.Shriram Jani,Vice-President was M N Pawade along with 20 director members. In 1977 bank was renamed as Chandrapur District Central Co-operative Bank .
After the separation of Chandrapur and Gadchiroli district in the year 1985, the Chandrapur district central co-operative bank was establish as on 8/11/1985 having the registration no 26/85-86. At that time bank had 31 branches with 3 regional office.