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Shramik Sahakari Bank Ltd was registered on 2nd October, 1972, and the inauguration was done at Lower Parel, Mumbai. The Late Barrister Rajni Patel presided over the function, and the inauguration was done by Shri Yashwantrao Mohite, Former State Minister.
Initially it was tough going for the bank as most of its members were poor workers. The bank could not increase the business, therefore the Bank was shifted to Masjid Bandar on the fifth floor of a building. Due to inconvenience of transacting business of the Bank from the fifth floor the Bank was shifted to C. P. Tank, Mumbai.
Gradually, by sheer dint of hard work and determination of the Chairman and the others involved, the bank managed to set its feet firmly on the ground.Now, the Bank has come to be one of the leading Banks in the Urban Co-operative field.
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