Our Legacy – A Journey of Trust and Transformation.

The Latur Urban Co-operative Bank Ltd. (LUCB) was established on 2nd May 1995 by visionary leader Hon. Founder-Chairman Shri Pradip Rathi, with a deep commitment to the economic, moral, and social upliftment of the community. The Bank’s foundation was marked by a historic inauguration, graced by then Finance Minister and former Prime Minister of India, Dr. Manmohan Singh, and the then Speaker of the Indian Parliament, Mr. Shivraj Patil Chakurkar.

LUCB was created with a mission to provide financial assistance to underprivileged members of society, foster a habit of savings, and mobilize capital for inclusive economic growth. With this vision, the Bank has evolved into one of Maharashtra’s leading urban cooperative banks, offering modern banking services while staying true to its grassroots values.

From a modest beginning, LUCB has grown steadily over the past 30 years. As of 31st March 2025, the Bank has:

• A network of 21 branches across 12 districts in Maharashtra, including Marathwada, Pune, Mumbai, Vidarbha, and Western Maharashtra.

• Total business of ₹1308.55 crore, with ₹788.89 crore in deposits and ₹519.66 crore in advances.

• A remarkable track record of uninterrupted profits and dividend payments since inception.

• Maintained a 0% Non-Performing Assets (NPA) level for 30 consecutive years — a rare achievement in Indian banking.

Driven by the principles of innovation and service, LUCB has embraced digital transformation while retaining its personalized touch. It was among the first co-operative banks in the Marathwada region to implement Core Banking Solutions (CBS) and secure Mobile Banking permissions from the RBI. The Bank operates 24 ATMs across Maharashtra and has introduced cheque deposit machines at select branches. It also runs its own cheque printing facility, a rarity among co-operative institutions.

LUCB has launched a wide range of customer-centric services, including SMS Banking, Internet Banking (View Mode), UPI, Rupay Debit Card, E-commerce payments, NEFT/RTGS/IMPS, e-SBTR, Franking, Aadhaar linking, Locker facilities, tax payment services, and both General and Life Insurance products. These offerings are complemented by a variety of loan products and deposit schemes designed to meet the diverse financial needs of customers.

As LUCB enters its fourth decade, it continues to stand strong as a symbol of trust, technology, and community-driven growth, committed to delivering efficient, ethical, and inclusive banking services across Maharashtra.