Taking a serious note of the drought situation prevailing in various parts of Maharashtra, Saraswat Bank, India’s largest Urban Co-operative Bank which recently crossed a total business of Rs. 50,000 crore, has donated an amount of Rs. 1,00,00,000/- (Rupees One Crore) towards drought relief.

The Bank has donated Rs. 50,00,000/- (Rupees Fifty lakh) each to the Chief Minister’s Drought Relief Fund, Maharashtra and to the NAAM Foundation, an NGO started by actors Nana Patekar and MakarandAnaspure, specifically aimed at alleviating the impact of drought. Mr. Gautam E. Thakur, Vice Chairman handed over the cheque of Rs. 50,00,000/- to Hon’ble Chief Minister of Maharashtra, Shri DevendraFadnavis at the CM’s residence, ‘Varsha’, along with his colleagues Mr. S.K. Sakhalkar, Chairman; Mr. Kishore Rangnekar, Director; Mr. S.K. Banerji, Managing Director and Mr. A.S. Jain, Chief General Manager.

Mr. Gautam E. Thakur and Mr. Kishore Rangnekar handed over another cheque of Rs. 50,00,000/- to Mr. Nana Patekar, Founder, NAAM Foundation.

Saraswat Bank is the largest financial institution run on co-operative principles in Maharashtra and is rightly called ‘Maharashtra’s Own Bank’. The Bank has always taken initiatives at the macro and micro level which spell out its vision of Corporate Social Responsibility (CSR) towards Maharashtra.

The Bank has always followed the principle of giving back to society, a part of what it has received. From donations to NGOs to absorbing family members of martyrs of the 26/11 terrorist attacks, the Bank has always upheld needy and worthy causes.