Ratnakar Bank

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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.


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 earned137.87
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

Ratnakar Bank Informational Data

Name of Bank Ratnakar Bank
No. of Offices 84
No. of Employees 566
Business per Employee (in ` Lakh) 373.00
Profit per Employee (in ` Lakh) 5.00
Interest Income (in ` Crore) 138
Other Income (in ` Crore) 16
Interest Expended (in ` Crore) 74
Operating Expenses (in ` Crore) 33
Return on Assets 1.96
CRAR 42.30
Net NPA Ratio 0.68