By Rons Bantwal
Kacheri Sadanand Nayak took over the reigns of Bank from Sanjeev Nayak in 1999. Since then, the Bank has seen rapid developments in every quarter reaching a business volume of over Rs 52 crore and distributed dividends of 12 percent to the shareholder.
The Bank opened its new headquarters at Swapna Siddi Commercial Complex, Kandivali (East) in 2007. It was inaugurated and blessed by Sri Shivanand Saraswati Swamiji of Kaivalya Mutt, Goa.
The Bank has bagged the state-level ‘Best Bank Award’ for three consecutive years as well as the excellent bank award from metropolitan Co-operative Banks Association for three consecutive years, the Maharashtra Gourav Award, recognition from Indian Achievers Forum, and International Integration and Growth Society, New Delhi, besides bagging several awards from various financial institutions in recognition of their banking services and customer satisfaction.