Who We Are
Subhadra Local Area Bank was incorporated on July 10, 2003 and received a banking licence from RBI to work as a Local Area Bank in the districts of Kolhapur, Satara, Sangli, Belgaum & Pune.
The Reserve Bank of India (RBI) on December 24, 2020, has cancelled the Banking Licence of Subhadra Bank. An Appeal has been filed by the Bank against RBI's decision. The outcome is awaited.
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Location
The Bank is head quartered in Kolhapur. Subhadra Local Area Bank is professionally managed by a well qualified team which has a vast and diverse experience across the industry. The bank is well capitalised, and the surplus funds of the bank are deployed in government securities and deposits with reputed banks, in accordance with the extant guidelines of the Reserve Bank of India.
Convinience
The Bank also offers convenient services like Door Step Services for Cash pickup / Delivery, Document pickup for banking transactions and much more.
Technology
Subhadra Bank has deployed the latest in terms of technology available in the market. It has a modern Core Banking Platform which provides the customers the best in class service that they deserve.
The New Age Bank with latest technology to deliver superior services
TEAM
Board of Directors
Management Team
Jai Jingar
Chief Compliance Officer & Key Management Person
Joined the Bank in April 2020. An experienced Regulatory Compliance professional with 30+ years of exposure to all spheres of banking.
Earlier assignments included retail, commercial and rural banking with a large Public Sector Bank, a Bank Examiner and electronic payment systems specialist with the RBI, a Regulatory Affairs and Group Head of Compliance with two large multinational foreign banks. He is the bank’s principal contact with the regulator with the responsibility to build close relationships with RBI and ensure that the Bank is compliant with all the regulatory requirements during our consolidation and growth phase