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Board of Directors


Shri C.N. Vaze
 B.Com., LL.B., FCA, ACS

Vice - Chairman

Shri S.V.Kelkar
B.Com, CA


  Shri K.R.Bagade
  Smt M.H.Bhatkar
  Shri V.V.Dandekar
  Shri T.V.Deshmukh
  Shri A.P.Gondarkar
  Shri S.K.Hegde
  Shri S.R.Kamble
  Smt U.D.Karambelkar
  Shri K.V.Murarka
  Shri N.B.Pawar
  Shri M.K.Salekar
  Shri N.I.Thapar
  Shri V.P.Vaidya

 Staff Representative


Profile :

Our Mission

Janakalyan Sahakari Bank Ltd (JKSBL) will strive to be the Leader amongst the Urban Co-Operative Banks in terms of Profitability, Productivity and Innovation while striving to meet its social commitments. It shall endeavour to be the most Modern and Model Bank in the emerging Financial Super Market.

JKSBL aims at Total Customer Satisfaction by renderning Efficient, Quick and Diversified Services at reasonable cost through the Use of Modern Technology.

JKSBL will build a Highly Motivated & Committed Team of staff through Professional Work Culture and Good Governance to achieve individual and Collective Superior Performance and endeavour to make JKSBL a place of pride for all Stakeholders and Regulatory Authorities.


Janakalyan Sahakari Bank Ltd. was established on 29th May 1974, under the Maharashtra State Co-operative Societies Act, 1960 and commenced operation on 15th August, 1974 upon receipt of license from the Reserve Bank of lndia.

Transparent operations, personalised services and professional administration, coupled with social commitment have been the hallmark of the Bank, which has shown steady growth over the past four decades and is presently one of the leading Co-operative Banks in Maharashtra based on business mix. The Bank was conferred with the coveted Scheduled status on 30th January, 1998.

The Bank has a shareholders base of over 56,000 , depositors of over 3,18,000 and borrowers of over 8,500 which clearly demonstrates the reach of the Bank and the trust of the general public.

Set Up

Presently, the Bank has 25 fully computerised branches and 1 Extension Counter at New Panvel at strategic locations with convenient timings, in and around Mumbai. The branches extend comprehensive banking services to one and all on professional lines.

The Bank aims at total customer satisfaction by rendering efficient, quick and diversified services at reasonable cost through the use of modern technology. The Bank always strives to provide the best services to all its customers, predominantly comprising the middle class segment of the Society.

Customers’ satisfaction is the topmost priority when it comes to delivery of services. To this end, the Bank is constantly developing customized services and products aimed at individuals, business fraternity, women entrepreneurs, SSI, SME including the trade at large.

The Bank is managed by the Board of Directors, comprising of eminent personalities having rich experience.


Shri. C.N. Vaze, B.Com., LL.B., FCA, ACS

In June 2008, Shri. Chandrashekhar Narayan Vaze was elected as Member of Board of Directors. At the meeting of the Board of Directors of the Bank held on 29th November 2010, Shri. C.N. Vaze was elected unanimously as the Chairman.

After attaining the degree of B.Com., Shri. Vaze qualified himself with LL.B., F.C.A., and A.C.S. He is a practising Chartered Accountant since 1980. He is associated with many professional and extra curricular activities in spite of his busy schedule. He has written books and articles on Taxation and is visiting faculty at Vaze College, Mulund. He has also delivered many lectures before Chartered Accountants, Tax Practitioners on Taxation and allied subjects. Shri. Vaze is actively connected with various social and cultural organizations. He is the President of Maharashtra Seva Sangh, Mulund. He conducts Marathi Musical Programmes, directs plays in Sanskrit for Maharashtra State Competitions, participates in many literary activities and delivers lectures on social subjects.

Vice - Chairman

Shri. Santosh Vasant Kelkar, B.Com, CA

Shri. Santosh Vasant Kelkar has been the honourable Director of Janakalyan Sahakari Bank Ltd for the past 12 years. He is recently elected as Vice-Chairman of our Bank after constitution of new Board of Directors.

After attaining the Commerce Degree he qualified himself as Chartered Accountant. He has been practising Chartered Accountant since 1996 specialising in consultancy in Direct and Indirect Taxation and audit of all types of Assesses including Banking Sector. He has been an active member of ABVP during his college days and was elected as University Representative during 1987. He was elected as District General Secretary of Bhartiya Janata Party (North Central Mumbai) holding many responsible posts in Bhartiya Janata Party.

He has been a Trustee and advisor on many Charitable Organisation such as schools, Medical Institutions, Social Organisations, Mandir etc. and is also running a Charitable Hospital, Ravindra Joshi Memorial trust at Andheri.


Shri. Shriram Date Chief Executive Officer B.Sc(Hons), CAIIB

Shri. S.A. Kadam

Sr. Dy. General Manager


Smt. B.J. Sheth

Dy. General Manager


Shri S.P. Date

Asst.General Manager,LLB,JAIIB,CAIIB,GDCA

Shri S. A. Gawde

Asst.General Manager, LLM, MBA, CS

Shri. S. M. Joshi

Asst.General Manager


Share Holders

JKSBL has shareholders of over 55000 with Share Capital of 60.56 crore. The business mix of the Bank is over 3,449 crore which clearly demonstrates the functioning of the Bank and the trust of its customers and public in general.

The Members’ Welfare Fund Scheme
It is effective from the financial year 2011- 12 is as under :

01. All ‘A’ Class Member who have completed 3 full years of Membership of the Bank as at the immediate previous year ended 31st March is automatically a Member of the Members’ Welfare Fund Scheme. For example, to avail the benefits of the Scheme in the Financial Year 2011-12, the Member should have been admitted as Member on or before 31st March 2008.
02. In case of joint Members, only the first named Member is eligible.

To get details Download

Annual Report

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