Cooperative banks serve the people with social vision—Dattatreya Hosabale
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Cooperative banks serve the people with social vision—Dattatreya Hosabale

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May 12, 2013, 12:00 am IST
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New branch of TJSB opened in Bengaluru

Eminent economist Dr R Vaidyanathan of IIM Bengaluru and RSS Sah Sarkaryavah Shri Dattatreya Hosabale jointly inaugurated the 82nd branch of Thane Jan Sahakari Bank (TJSB) at Jayanagar in Bengaluru on May 7. The TJSB is an RSS inspired initiative in the cooperative sector. It is the second branch of the Bank in Karnataka, first in Belgaum.

In his speech Prof Vaidyanathan said a multi-State cooperative bank like TJSB serves for a large community. Far greater than the stock market business, the reach and network of a cooperative bank is highly valuable in the national economy. He said Indian women have high sense of economic management. They match the unmatchable income-expenditure ratios in the family. Whether it is gold or any other material, all serve as an economic security for her and the family.

Shri Dattatreya Hosabale said Karnataka has given birth to great mainstream banks which are now nationalised. “However successful cooperative banks have emerged in Maharashtra and Gujarat, rising above the barriers, the people of Karnataka will support the Bank, which serves the community with a social vision. The TJSB belongs to the Sangh family where I am coming from,” he said.

Quoting Mahatma Gandhi’s words on customer-business relations he said, “I don’t have any bank account in any part of the world. I stopped signing cheques also since years. However I speak on behalf of the customers.” Chairman of the bank Shri Vidyadhar Vaishampayan, vice chaiman Shri BV Date, chief executive officer Shri Satish Utekar, branch manager Shri Pramod Deshpande, RSS senior functionaries Shri Du Gu Lakshman, Shri Bhojaraj of Laghu Udyog Bharati, educationist Dr MK Shridhar and other prominent personalities also attended the function. Founded in 1972 the TJSB has 81 branches in Thane, Mumbai, Navi Mumbai, Nasik, Pune and also in Goa and Gujarat.

(Rajesh Padmar, VSK Karnataka)

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