SHRI. BABURAO HARI SHETE initially in the year 1950, incorporated a benevolent fund called “JAYHIND SAHYAKARI FUND” for extending financial assistance to weaker and marginal sector of the society who were otherwise depending on money lenders for their petty financial needs and exploited by the money lenders.

The bank is established by great visionary and Hon. Chairman Mr. Baburao Hari Shete.
To fulfil the basic needs of people & society, he has started a small institution called ‘Satara Rahiwasi Sahakari Patpedhi’ on 30th Sep. 1960. Day by day institution has achieved many goals and developed as strong 'Patpedhi'. Because of its progress, achievements and lots of facilities, the institution was converted into ‘The Satara Sahakari Bank Ltd., Mumbai’ on 15th Nov. 1971.

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