Bank has been awarded by The Maharashtra Co-op Banks Federation Ltd Mumbai as a First Prize of “Sarvotrukrishta Bank 2011-12″ in the category Rs.250 Crores to Rs.500 Crores Deposits
Special Prize for Annual Report 2012 of Urban Co-op Bank of Maharashtra State as a “Pratibimb” from Sahakar Sugandh, Sahakar Bharati
Among the well known banks with 0% N.P.A. The Kolhapur Urban Co-op Bank Ltd. is front runner and among the leaders in the Kolhapur District.Directors, C.E.O & Recovery officer of the bank was felicitated with the trophy for the excellence in performing duty and achieving 100% goals, by the Association of Recovery officers of Kolhapur District Nagari Bank Sanstha.
Good Bank Award from Reserve Bank
As per the banking regulation act 1949 (AACS) under the section 35 officials of Reserve Bank, examine performance of various banks and allot grade to each bank. This Grade is allotted on the basis of
1] Adequacy of Capital Funds
2] Class of Assets and Properties
6] Way of working [Day to Day working method]
In the each of above head marks are allotted, which are aggregately defined and expressed as the Grade of Bank. The Kolhapur Urban Co-op Bank was examined by the officials from the Reserve Bank and at the year ended on 31-03-2011 was allotted Grade A. in the report of the Bank Grade, a special note “Good Bank” was mentioned by the group of examining officials of Reserve Bank.