Shri Mukund Mafatlal Shah
Chairman

Dear Customer,

I would like to take this as an opportunity to have a dialogue with you, and express my feelings towards our esteemed customers, shareholders, well – wishers & all those who have participated in any of the activities of the Lonawala Sahakari Bank Maryadit.

Lonawala Sahakari Bank Maryadit was established in December 1999 by a group of persons committed to social cause, with a view to providing banking services and financial needs of the society, common man.

The bank has made a turnaround which is unique in the history of banking and now continuously showing profits. The bank has declared dividend for last 16 consecutive years and regained the faith of the customers and well-wishers. The management looks forward to build a fundamentally strong financial institution serving the financial needs. It also reiterates its commitment to financial inclusion by officering easy access to the financial products of Lonawala Sahakari Bank Maryadit.

On behalf of all the members of the Board of Directors, I would like to thank you all for the faith and trust you have reposed in the bank all theses years. Our members of the Board of Directors are enriched with varied experience in finance, technology and business development. Your full co-operation and firm support which you have rendered has helped us a lot. We do accept that your contribution in the progress achievement by our bank is precious. We always wish for prosperity of our customers.

The bank with a spread of 7 branches and 3 on site ATMs has reached the mile stone of 550 cores business mix. The bank fulfills all the norms of “Financially Sound and Well Managed Bank” (FSWM) set by RBI for Urban Co-operative banks. 

The bank has implemented Core Banking Solution / Technology across it branches and has provided all the techno-based services and products to the customers enabling to the customers for anywhere and anytime banking. The Data Centre of the bank is establishes the security of the information assets.

The management firmly believes that continuous and quality training of the personnel is the route to motivation of staff who from the backbone of the bank. 

Once again I express my gratitude and sincere thanks and expect stakeholders’ co-operation for enduring relationship with the Bank.

Thanks

Mukund Mafatlal Shah