Ratnakar Bank

The Ratnakar Bank was established in the year 1943 in the month of August. In the year 1956, the bank was conferred the rank of Scheduled Commercial Bank by the Reserve Bank of India. Ever since its establishment, the bank has been serving its customers with excellent services and facilities.

History:

The Ratnakar Bank has its roots deep in history. The inception of the bank dates back to the pre- independence times. Various nationalist leaders joined hands together with the industrialists and conceptualized the beginning of the Ratnakar Bank. The idea was brought into reality by Mr. Babgonda bhujgonda Patil who was an eminent Advocate during that time along with Mr. Gangaram Siddhappa Chougule who was a famous merchant in Kolhapur.

Services offered by Ratnakar Bank

• Depository and Dematerialization
• Venture Capital Fund
• Merchant Banking
• Western Union Money Transfer
• Lease on Finance
• Opportunities in Insurance & Investment
• ATM Facilities
• Drafts
• Credit Counseling Services by BCSBI

Fixed Deposit:

• Ratnakar Tax Saving Term Deposit Scheme 2006
• Amrutkumbha Lakshadish Deposit
• Kalpavruksha Nirantar Deposit
• Payable Deposit Scheme on Monthly Interest
• Cash Certificate
• Reinvestment Deposit
• Unit Deposit Schemes
• Current Account
• Protection for Bank Depositors
• Recurring Deposit
• Non-Resident External (Rupee) Account

Loans offered by the Ratnakar Bank:

• Housing Loan
• Car Loan
• Two Wheeler Loan
• Agricultural Loan
• Educational Loan
• Consumer Loan
• Credit Loan (Commercial)
• Professional Purchase Loan
• Super Secured Loan Scheme
• Sanjeevani Mortgage Loan Scheme
• Ratna trade

Given below is the Audited Annual Financial Results of the year ending as on 31st March, 2009. Figures are in ` Crore:-

Interest earned	137.87
Other Income	15.66
Total Income	153.53
Total Expenditure	107.69
Net Profit	30.53
Paid-up equity share capital (face value of ` 10/-per share)	104.72
Return on Assets	1.96%

Contact Details:-

The Ratnakar Bank Ltd.
Administrative Office:
'Mahavir', Shri Shahu Market Yard,
Kolhapur - 416005. Maharastra
Ph: 0231-2650981 to 984
Fax: 0231-2657386
E-mail: it@theratnakarbank.com

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