The bank which took birth in the rural area like Rendal on 17/08/1964 in the leadership on founder chairman Mr. Abasaheb D. Patil.In accelerating the industrial,agriculter and social growth and development of Rendal and near by rural area.The main aim of founder directors was to give support to power Loom Industry.Rendal bank and has leading role in economical development of Rendal, Hupari, Ichalkaranji, Kolhapur, Shirdhon, Peth Vadgav and near by area.

The Bank Directors placed a model for others by rejecting the meeting, traveling and other allowances.Bank has obtained Audit class ‘A’ from the beginning. To stay standard banking market competition bank installed the Core Banking Solution (CBS) firstly in Rendal. As a result Customer can withdraw or Deposit MONEY at any branches of the bank. As well as Bank also providing CTS-2010 Standard cheque book, SMS Banking, DD, PayOrder, NEFT/RTGS Facility, Rupay Debit Card, POS & E-Com etc. to the customers.Due to receiving all the services under one roof, the growth of the bank is tremendous.

The Bank has a deposit base of more than 75 Crores and a Loan of more than 55 Crores. The Banks total income is more than 70 lacs.