The only Local Area Bank with presence in the states of Maharashtra & Karnataka.

The New Age Bank with latest technology
to deliver superior services

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 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.

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 bank also offers convenient services like Door Step Services for Cash pickup / Delivery, Document pickup for banking transactions and much more.


The new age Local Bank, for the
local people


To mobilize local resources at attractive
rates of interest to provide timely and
adequate services to its customers.

OUR Team


Senior Advisors

RBI experience for more than 30 years. He was also the Controller in the Foreign Exchange Department of Reserve Bank of India, He is the Founder Chairman HDFC Bank, and has also been an advisor for IMF in several countries.


Senior Advisors

Chairman of HDFC Bank & the erstwhile UTI, Prior to that he was the Deputy Governor of RBI and has worked with RBI for over 30 years in various roles.


Senior Advisors

Legal expert with over 20 years of experience with the RBI.

Mr. Suhas N Sahakari

Non Executive Part Time Chairman

Suhas is a career banker with a varied work experience spread over 37 years, including a large PSU ( SBI ), start up private sector ( UTI/Axis ), turnaround ( Ratnakar to RBL ) and a cooperative bank ( Shamrao Vithhal Cooperative Bank) . While his primary contribution has been in areas of Treasury dealing, Trade finance and SME , later in his career he held leadership position in RBL where he was the Geography Head and then in Shamrao Vitthal Cooperative Bank as their Managing Director.



Experience in varied areas of banking for over 30 years in Public Sector & Foreign Banks. Prior to the present assignment, he was the Country Head of Operations with the Royal Bank of Scotland. Now, has been with Bank for 16 months, and instrumental in building an entirely new core team, bringing professionalism, appropriate governance and built critical regulatory comfort in the management of the Bank. He leads the team in the forthcoming phase of new business acquisition and overall growth while maintaining complete coverage on regulatory and the associated business and operations risks.

Mr. Shantanu Ghosh

Professional Director

Shantanu has held board memberships in Idea Space Solutions, ING Financial Services, Bharat OverseasBank, Lokkur Investment Advisors Private Limited and currently in Aagey.com(designate). His Banking Experience of 40 years includes Leadership roles as Country Head Retail/SME/ASBU Banking in ING Vysya Bank, COO equivalent in Bank Sohar & Bank Nizwa, Head of Integration between ANZ Grindlays Bank with Standard Chartered Bank , Chief Manager National Operations ANZ Grindlays Bank. He has been a Member in several Credit Committee, ALCO, MANCOM, Information Technology Steering Committees with 8 Different Business & Digital Transformation Projects. He also has the experience of execution of 10 large Mergers and Start-up of 3 Banks in India and abroad.

Mr. Vijay Anant Puranik

Additional Independent Director

Vijay is a post graduate in agricultural sciences and has Agri and Rural Banking as career. He has established and developed recoverable and quality Agrifinance business in two large private sector banks. He was major contributor for the first computerised branch of an RRB in India and its turn around after 12 loss making years since inception. He is known for his team-building and teaching passion among circles throughout his career of over 3 decades. According to him, use of technology while remaining customer centric is the key to survive and grow


Head of Sales & Business

Joined the Bank in April 2019 with a wide experience in core sales & marketing in Private and Foreign Banks of over26 years. Will build partnerships and drive the acquisition strategy and agenda & will be the core asset in building business & brand in the next 24 months

Mr. Padamnabh G Joshi

Chief Financial Officer

Joined the Bank in Dec 2019, and brings with him extensive banking experience in Public Sector Bank. His last assignment was of GM & CFO with UCO Bank. He will be instrumental in effective & efficient management of the balance sheet especially in the critical times of new capital infusion over the next 24 months.

Mr. Jai Jingar

Chief Compliance Officer & Audit Head

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.

Mr. Anant Kulkarni

Head of Credit

Joined the organisation in Dec 2019 with extensive experience in all areas of Banking for over 38 years. In his last assignment he was the Deputy General Manager in the Inspection Division of Bank of Maharashtra. In the forthcoming growth phase of the Bank, he will be instrumental in driving the credit function with the aggressive business growth over the coming months.


Head Treasury

Joined the Bank in July 2019 with extensive banking experience in public sector Bank. In his last assignment he was the Branch Head and AGM of Bank of Baroda, International Business Branch at Varanasi. He has worked in BoB Treasury in India & Overseas and in multiple branches during his banking career spanning over 34 years. As we build and receive new capital and liabilities steam, he will be key to efficient management of the funds and build a new revenue line.


Head of General Admin & HO Kolhapur

Joined the Bank in 2012 and is person with maximum years of experience in this Bank within the Management Team. He is a veteran Banker with over 35 years of banking experience in various co-operative banks in and around Kolhapur. He is a key resource and brings to us the most extensive knowledge on the local businesses & markets and the overall administrative working, regulatory reporting and other areas including accounting and finance.


Head of Operations & CPC

Has been with the Bank since Sept 2017 and brings with him wide experience from multiple Private Banks over the period of 24 years. He will be instrumental in building the operations capabilities in the growing organisation, work closely with the Business Partners & along with that manage the associated Operations Risk in the growing organisation.

Mrs. Priyadarshani

Head HR

Joined the Bank in May 2019 with experience in multiple corporates and foreign bank. She will be instrumental in managing the people policies, people related requirements including training & personnel development, and ensuring that the organisation remains fully capacitised and ready for all new and growing businesses.

SUBHADRA LOCAL AREA BANK Organization Chart download