->AngryMushroom: Adding local short description: "Indian private co-operative bank", overriding Wikidata description "Indian private co-operative bank" (Shortdesc helper)

2021-09-07T17:10:40Z

Adding local short description: "Indian private co-operative bank", overriding Wikidata description "Indian private co-operative bank" (Shortdesc helper)

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{{Short description|Indian private co-operative bank}}
{{Infobox company
| name = Suvarna Sahakari Bank
| type = [[Cooperative banking|Co-operative bank]]
| founded = {{start date and age|1969}}
| defunct = {{end date and age|2009}}
| founder = [[Dnyaneshwar Agashe]]
| location_city = [[Pune]], [[Maharashtra]]
| location_country = [[India]]
| area_served = [[Maharashtra]]
| industry = [[Banking]]
}}

'''Suvarna Sahakari Bank''' was an Indian private [[Cooperative banking|co-operative bank]] based in [[Pune]], [[Maharashtra]], which operated from its incorporation in 1969 till its dissolution in 2009.

== History ==
The bank was started by [[Dnyaneshwar Agashe]] in 1969.<ref>{{Cite news|url=http://timesofindia.indiatimes.com/city/pune/Dnyaneshwar-Agashe-cremated/articleshow/3934993.cms|title=Dnyaneshwar Agashe cremated|work=[[The Times of India]]|access-date=2018-09-15}}</ref><ref>{{Cite news|url=http://indianexpress.com/article/cities/pune/agashe-dead-depositors-now-pin-hopes-on-iob/|title=Agashe dead; depositors now pin hopes on IOB|date=2009-01-04|work=[[The Indian Express]]|access-date=2018-09-15|language=en-US}}</ref><ref>{{Cite news|url=http://m.timesofindia.com/city/pune/Ex-director-of-Suvarna-bank-dies/articleshow/3932406.cms|title=Ex-director of Suvarna bank dies |work=[[The Times of India]]|access-date=2018-09-15}}</ref><ref>{{Cite news|url=http://epaper.timesofindia.com/Default/Scripting/ArticleWin.asp?From=Search&Key=TOIPU/2008/11/23/1/Ar00102.xml&CollName=TOI_PUNE_ARCHIVE_2006&DOCID=484463&Keyword=(%3Cmany%3E%3Cstem%3EDnyaneshwar%3Cand%3E%3Cmany%3E%3Cstem%3EAgashe)&skin=pastissues2&AppName=2&ViewMode=GIF|title=Suvarna Co-op bank case: 15 arrested|work=[[The Times of India]]|access-date=2018-09-15}}</ref> It was started to cater to the banking needs, primarily of [[Pune]]'s middle class [[Marathi people|Marathi]] population.<ref>{{Cite news|url=http://epaper.timesofindia.com/Default/Scripting/ArticleWin.asp?From=Search&Key=TOIPU/2008/02/11/5/Ar00510.xml&CollName=TOI_PUNE_ARCHIVE_2006&DOCID=347258&Keyword=(%3Cmany%3E%3Cstem%3EDnyaneshwar%3Cand%3E%3Cmany%3E%3Cstem%3EAgashe)&skin=pastissues2&AppName=2&ViewMode=GIF|title=Suvarna protestors halt traffic|work=[[The Times of India]]|access-date=2018-09-15}}</ref><ref>{{Cite news|url=http://epaper.timesofindia.com/Default/Scripting/ArticleWin.asp?From=Search&Key=TOIPU/2006/09/16/3/Ar00300.xml&CollName=TOI_PUNE_ARCHIVE_2006&DOCID=202051&Keyword=(%3Cmany%3E%3Cstem%3EDnyaneshwar%3Cand%3E%3Cmany%3E%3Cstem%3EAgashe)&skin=pastissues2&AppName=2&ViewMode=GIF|title=Suvarna Bank Board suspended|work=[[The Times of India]]|access-date=2018-09-15}}</ref><ref>{{Cite news|url=http://epaper.timesofindia.com/Default/Scripting/ArticleWin.asp?From=Search&Key=TOIPU/2007/06/01/3/Ar00303.xml&CollName=TOI_PUNE_ARCHIVE_2006&DOCID=25821&Keyword=(%3Cmany%3E%3Cstem%3EDnyaneshwar%3Cand%3E%3Cmany%3E%3Cstem%3EAgashe)&skin=pastissues2&AppName=2&ViewMode=GIF|title=Ghaisas Suvarna bank administrator|work=[[The Times of India]]|access-date=2018-09-15}}</ref><ref>{{Cite news|url=http://epaper.timesofindia.com/Default/Scripting/ArticleWin.asp?From=Search&Key=TOIPU/2008/11/23/3/Ar00300.xml&CollName=TOI_PUNE_ARCHIVE_2006&DOCID=484485&Keyword=(%3Cmany%3E%3Cstem%3EDnyaneshwar%3Cand%3E%3Cmany%3E%3Cstem%3EAgashe)&skin=pastissues2&AppName=2&ViewMode=GIF|title=Arrests will not solve problems: depositors|work=[[The Times of India]]|access-date=2018-09-15}}</ref><ref>{{Cite web|url=http://epaper.timesofindia.com/Default/Scripting/ArticleWin.asp?From=Search&Key=TOIPU/2008/04/28/6/Ar00602.xml&CollName=TOI_PUNE_ARCHIVE_2006&DOCID=386840&Keyword=(%3Cmany%3E%3Cstem%3EDnyaneshwar%3Cand%3E%3Cmany%3E%3Cstem%3EAgashe)&skin=pastissues2&AppName=2&ViewMode=GIF|title=Token fast outside Suvarna bank today|work=[[The Times of India]]|access-date=2018-09-15}}</ref> By 2003, the bank had installed [[Sarvatra Technologies]]' proprietary [[point of sale]] terminal.<ref>{{cite news |title=New software boon for co-op. bank clients |url=https://timesofindia.indiatimes.com/city/pune/New-software-boon-for-co-op-bank-clients/articleshow/94360.cms |work=[[The Times of India]] |date=July 25, 2003 |language=en}}</ref>

== 2008 scam allegations ==

=== Background ===
In 2004, Agashe, chairman of the [[Maharashtra Cricket Association]] at the time, was denied his right to vote in the BCCI Presidential Elections due to allegations of factionalism within the MCA.<ref>{{Cite news|url=http://m.timesofindia.com/city/pune/Factionalism-in-state-scuttled-Pawars-chances/articleshow/868599.cms|title=Factionalism in state scuttled Pawar's chances|work=[[The Times of India]]|access-date=2017-03-12}}</ref> The denial to Agashe to exercise his franchise saw [[Sharad Pawar]] losing by one vote in the election for the post of the [[Presidents of the Board of Control for Cricket in India|President of the BCCI]].<ref>{{Cite web|url=https://zeenews.india.com/home/agashe-consulting-lawyers-to-file-writ-petition_180121.html|title=Agashe consulting lawyers to file writ petition|date=2004-10-01|website=[[Zee News]]|language=en|access-date=2019-04-12}}</ref><ref>{{Cite web|url=http://www.tribuneindia.com/2005/20050115/sports.htm#1|title=BCCI to hold AGM on January 27|date=15 January 2005|website=[[The Tribune (Chandigarh)|The Tribune]]|location=[[Chennai]]|access-date=2017-12-17}}</ref><ref>{{Cite news|url=http://www.business-standard.com/article/economy-policy/pawar-out-on-dalmiya-googly-104093001078_1.html|title=Pawar out on Dalmiya googly|last=Bureau|date=2004-09-30|work=[[Business Standard]]|access-date=2017-12-17}}</ref>

By 2006, the bank business started having financial troubles, with some sources alleging that the bank's failure was backlash for the controversial BCCI presidential elections.<ref name="Hindustan Times S">{{cite news |url= http://blogs.hindustantimes.com/singly-political/2010/04/16/its-tharoor’s-cricket-versus-pawar’s/
|archive-url= https://web.archive.org/web/20100420062843/http://blogs.hindustantimes.com/singly-political/2010/04/16/its-tharoor%E2%80%99s-cricket-versus-pawar%E2%80%99s/
|url-status= dead
|archive-date= April 20, 2010
|title=Its Tharoor's cricket versus Pawar's|work=[[Hindustan Times]]|first= Sujata |last=Anandan|year=2010|access-date=2016-08-17}}</ref> In September that same year, the cooperative bank was put under [[moratorium (law)|moratorium]] by the [[Reserve Bank of India]].<ref>{{Cite news|url=http://www.financialexpress.com/archive/suvarna-sahakari-bank-placed-under-moratorium/177877/|title=Suvarna Sahakari Bank placed under moratorium|work=[[The Financial Express (India)|The Financial Express]]|access-date=2018-09-15|language=en-US}}</ref><ref name="India Express">{{cite news |url= http://indianexpress.com/article/cities/pune/agashe-dead-depositors-now-pin-hopes-on-iob/ |title=Agashe dead; depositors now pin hopes on IOB|work=[[Indian Express]]|first= Nisha|last=Nambiar|year=2009|access-date=2016-08-18}}</ref> The board of directors for the bank was superseded soon after.<ref>{{cite news|title=Suvarna bank board superseded|url=http://epaper.timesofindia.com/Default/Scripting/ArticleWin.asp?From=Search&Key=TOIPU/2006/09/16/3/Ar00300.xml&CollName=TOI_PUNE_ARCHIVE_2006&DOCID=202051&Keyword=%28%3Cmany%3E%3Cstem%3EDnyaneshwar%3Cand%3E%3Cmany%3E%3Cstem%3EAgashe%29&skin=pastissues2&AppName=2&ViewMode=GIF|work=[[Times of India]]|date=16 September 2006}}</ref>

In 2007, following the order of moratorium, the State Department of Cooperation appointed Mukund Ghaisas as administrator at the bank.<ref>{{cite news|title=Ghaisas Suvarna bank administrator|url=http://epaper.timesofindia.com/Default/Scripting/ArticleWin.asp?From=Search&Key=TOIPU/2007/06/01/3/Ar00303.xml&CollName=TOI_PUNE_ARCHIVE_2006&DOCID=25821&Keyword=%28%3Cmany%3E%3Cstem%3EDnyaneshwar%3Cand%3E%3Cmany%3E%3Cstem%3EAgashe%29&skin=pastissues2&AppName=2&ViewMode=GIF|work=[[Times of India]]|date=1 June 2007}}</ref> Many of the bank's depositors held demonstrations at Agashe's Aundh residence and threatened criminal actions against the Agashe family,<ref>{{cite news|title=Suvarna protestors halt traffic|url=http://epaper.timesofindia.com/Default/Scripting/ArticleWin.asp?From=Search&Key=TOIPU/2008/02/11/5/Ar00510.xml&CollName=TOI_PUNE_ARCHIVE_2006&DOCID=347258&Keyword=%28%3Cmany%3E%3Cstem%3EDnyaneshwar%3Cand%3E%3Cmany%3E%3Cstem%3EAgashe%29&skin=pastissues2&AppName=2&ViewMode=GIF|work=[[Times of India]]|date=11 February 2008}}</ref> after which a speedy merger was promised by Agashe.<ref>{{cite news|title=Arrests will not solve problems: Depositors|url=http://epaper.timesofindia.com/Default/Scripting/ArticleWin.asp?From=Search&Key=TOIPU/2008/11/23/3/Ar00300.xml&CollName=TOI_PUNE_ARCHIVE_2006&DOCID=484485&Keyword=%28%3Cmany%3E%3Cstem%3EDnyaneshwar%3Cand%3E%3Cmany%3E%3Cstem%3EAgashe%29&skin=pastissues2&AppName=2&ViewMode=GIF|work=[[Times of India]]|date=23 November 2008}}</ref> Initial [[Non-performing Asset|non performing assets]] totaled Rs. 125 [[crore]], 13% against the seven per cent maximum allowable under the RBI norms.<ref name="Business Standard">{{cite news|title=Suvarna may merge with Cosmos Co-operative|url=http://www.business-standard.com/article/finance/suvarna-may-merge-with-cosmos-co-operative-106091201020_1.html|work=[[Business Standard]]|date=12 September 2006}}</ref> After the non-performing assets of the bank grew to more than 43%, account holders and depositors held a day long token fast to protest against the misinformation provided in regards to the alleged duped loans.<ref>{{cite news|title=Token fast outside Suvarna bank today|url=http://epaper.timesofindia.com/Default/Scripting/ArticleWin.asp?From=Search&Key=TOIPU/2008/04/28/6/Ar00602.xml&CollName=TOI_PUNE_ARCHIVE_2006&DOCID=386840&Keyword=%28%3Cmany%3E%3Cstem%3EDnyaneshwar%3Cand%3E%3Cmany%3E%3Cstem%3EAgashe%29&skin=pastissues2&AppName=2&ViewMode=GIF|work=[[Times of India]]|date=28 April 2008}}</ref>

In 2008, the RBI gave the bank permission to pay interest on deposits made from January to June 2008; Agashe mortgaged personal property worth Rs. 200 crore in lieu of the recovery of the deposits worth Rs. 725 crore.<ref>{{cite news|title=Suvarna to pay interest on deposits from Jan|url=http://epaper.timesofindia.com/Default/Scripting/ArticleWin.asp?From=Search&Key=TOIPU/2008/05/19/3/Ar00302.xml&CollName=TOI_PUNE_ARCHIVE_2006&DOCID=396959&Keyword=%28%3Cmany%3E%3Cstem%3EDnyaneshwar%3Cand%3E%3Cmany%3E%3Cstem%3EAgashe%29&skin=pastissues2&AppName=2&ViewMode=GIF|work=[[Times of India]]|date=19 May 2008}}</ref> Hotel Ranjeet, a hotel owned by Agashe was auctioned off for the same reasons.<ref>{{cite news|title=City hotel auctioned to recover dues|url=http://epaper.timesofindia.com/Default/Scripting/ArticleWin.asp?From=Search&Key=TOIPU/2007/06/21/3/Ar00300.xml&CollName=TOI_PUNE_ARCHIVE_2006&DOCID=34397&Keyword=%28%3Cmany%3E%3Cstem%3EDnyaneshwar%3Cand%3E%3Cmany%3E%3Cstem%3EAgashe%29&skin=pastissues2&AppName=2&ViewMode=GIF|work=[[Times of India]]|date=21 June 2007}}</ref> [[Cosmos Bank]] planned to acquire the bank after it hit this roadblock with the [[Reserve Bank of India|RBI]] and the subsequent announcement of the proposed merger with Cosmos led to large-scale panic withdrawals by Suvarna customers.<ref name="Business Standard" /><ref name="Financial Express">{{cite news |url= http://www.financialexpress.com/archive/suvarna-sahakari-bank-placed-under-moratorium/177877/|title=Suvarna Sahakari Bank placed under moratorium|work=[[The Financial Express (India)|The Financial Express]]|year=2006|quote= The Cosmos Banks plans to acquire the Shree Suvarna Sahakari Bank has hit a roadblock with the Reserve Bank placing the Suvarna Sahakari Bank under moratorium. |access-date=19 August 2016}}</ref><ref>{{Cite news|url=https://www.business-standard.com/article/finance/suvarna-cheque-clearance-blocked-106091401057_1.html|title=Suvarna cheque clearance blocked|last=Reporter|first=B. S.|date=2006-09-14|work=[[Business Standard]]|access-date=2018-09-15}}</ref><ref>{{Cite news|url=https://www.business-standard.com/article/finance/shree-suvarna-cosmos-co-op-bk-in-merger-talks-106091100033_1.html|title=Shree Suvarna, Cosmos Co-op Bk in merger talks|last=Reporter|first=B. S.|date=2006-09-11|work=[[Business Standard]]|access-date=2018-09-15}}</ref>

=== Allegations and arrests ===
On 22 November 2008, Agashe, along with 14 other board members (including his sons [[Mandar Agashe|Mandar]] and [[Ashutosh Agashe]]),<ref>{{cite news |title=Mandar Agashe in police custody. |work=[[Daily News & Analysis|DNA]] |url=https://cataleg.bnc.cat/iii/cas/login?service=https%3A%2F%2Fexplora.bnc.cat%3A443%2Fiii%2Fencore%2Fj_acegi_cas_security_check&lang=eng&suite=def |date=2 May 2009 |via=[[National Library of Catalonia]]}}</ref><ref>{{cite news |title=Son's bail rejected. |work=[[Daily News & Analysis|DNA]] |url=https://cataleg.bnc.cat/iii/cas/login?service=https%3A%2F%2Fexplora.bnc.cat%3A443%2Fiii%2Fencore%2Fj_acegi_cas_security_check&lang=eng&suite=def |date=1 April 2009 |via=[[National Library of Catalonia]]}}</ref> was taken into judicial custody; the bank business was charged with a Rs. 436.74 crore scam allegation.<ref>{{Cite news|url=http://timesofindia.indiatimes.com/city/pune/Agashe-others-sent-to-judicial-custody/articleshow/3753033.cms|title=Agashe, others sent to judicial custody|date=25 November 2008|work=[[Times of India]]|access-date=2017-03-12}}</ref><ref>{{Cite news|url=http://archive.indianexpress.com/news/cooperative-bank-fraud-lands-21-in-soup-15-/389364/|title=Cooperative bank fraud lands 21 in soup, 15 arrested|work=[[Indian Express]]|language=en-gb|access-date=2018-09-15}}</ref> The arresting police stated that the accused along with six others allegedly misused their rights and sanctioned loans mostly to firms owned by themselves and then defaulted the loans, thereby duping the depositors. The arrests were made after a complaint was filed by Rajesh Jadhavar, a special [[auditor]] with the Cooperatives Department at the [[Maharashtra]] [[government]].<ref name="Businesses Standards">{{cite news |url= http://www.business-standard.com/article/finance/pune-coop-bank-in-rs-436-cr-scam-108112301024_1.html|title=Pune coop bank in Rs 436-cr scam|work=[[Business Standard]]|year=2008|access-date=2016-08-17}}</ref>

The judicial magistrate remanded Agashe and the 14 other suspects to police custody, with provisions of medical assistance if required, citing the senior citizenship of a majority of the accused.<ref>{{cite news|title=Suvarna co-op bank case: 15 arrested|url=http://epaper.timesofindia.com/Default/Scripting/ArticleWin.asp?From=Search&Key=TOIPU/2008/11/23/1/Ar00102.xml&CollName=TOI_PUNE_ARCHIVE_2006&DOCID=484463&Keyword=%28%3Cmany%3E%3Cstem%3EDnyaneshwar%3Cand%3E%3Cmany%3E%3Cstem%3EAgashe%29&skin=pastissues2&AppName=2&ViewMode=GIF|work=[[Times of India]]|date=23 November 2008}}</ref> The economics offenses wing of the crime branch conducted a raid of all the homes of the accused, including Agashe's [[Aundh, Pune|Aundh]] home to recover Rs. 1.5 [[lakh]]s. The prosecution stated that upon discovery of the money, further interrogation of the accused was necessary and alleged that the accused had disbursed loans to people close to them by flouting RBI rules.

In return, Agashe's defense counsel claimed that Agashe and his family had sold off various properties for the repayment of the loan. The defense counsel also stated that the Agashe family had extended full cooperation with the police and submitted that the family would repay another Rs. 80 crore after the issue of Suvarna's merger was settled. The defense also raised the issue of foul play, when the [[First Information Report|first information reporting]] of the allegations was not produced before the court three days after registering the case and further contended that the loans had been sanctioned by the bank's disbursement committee, a committee Agashe was not a member of.<ref>{{cite news|title=Agashe, others sent to judicial custody|url=http://epaper.timesofindia.com/Default/Scripting/ArticleWin.asp?From=Search&Key=TOIPU/2008/11/25/4/Ar00404.xml&CollName=TOI_PUNE_ARCHIVE_2006&DOCID=485330&Keyword=%28%3Cmany%3E%3Cstem%3EDnyaneshwar%3Cand%3E%3Cmany%3E%3Cstem%3EAgashe%29&skin=pastissues2&AppName=2&ViewMode=GIF|work=[[Times of India]]|date=25 November 2008}}</ref> The bail applications filed at the time for Agashe, his wife, and his sister were subsequently rejected.<ref>{{cite news|title=Suvarna case: Court defers order on bail|url=http://epaper.timesofindia.com/Default/Scripting/ArticleWin.asp?From=Search&Key=TOIPU/2008/11/26/5/Ar00506.xml&CollName=TOI_PUNE_ARCHIVE_2006&DOCID=485723&Keyword=%28%3Cmany%3E%3Cstem%3EDnyaneshwar%3Cand%3E%3Cmany%3E%3Cstem%3EAgashe%29&skin=pastissues2&AppName=2&ViewMode=GIF|work=[[Times of India]]|date=26 November 2008}}</ref><ref>{{cite news|title=Court rejects bail plea in Survarna case|url=http://epaper.timesofindia.com/Default/Scripting/ArticleWin.asp?From=Search&Key=TOIPU/2008/11/30/4/Ar00408.xml&CollName=TOI_PUNE_ARCHIVE_2006&DOCID=487226&Keyword=%28%3Cmany%3E%3Cstem%3EDnyaneshwar%3Cand%3E%3Cmany%3E%3Cstem%3EAgashe%29&skin=pastissues2&AppName=2&ViewMode=GIF|work=[[Times of India]]|date=30 November 2008}}</ref>

While in custody, Agashe's health deteriorated and he was admitted to [[Sassoon Hospital]] on 22 December, suffering from severe diabetes and [[gangrene]],<ref>{{cite news|title=Son attends funeral under police eye|url=http://archive.indianexpress.com/news/son-attends-funeral-under-police-eye/406420/|work=[[Indian Express]]|date=4 January 2009}}</ref> for which he had previously been denied medical assistance.<ref name=":1">{{Cite web|url=http://www.tribuneindia.com/2010/20100427/edit.htm#8|title=INDIAN POLITICIANS' LEAGUE: The gentlemen's game|last=Khanna|first=Ruchika|date=27 April 2010|work=[[The Tribune (Chandigarh)|The Tribune]]|access-date=2017-12-17}}</ref> He later died of a heart attack from complications of [[diabetes]] at [[Sassoon Hospital]] on 2 January 2009.<ref>{{cite news|title=Former MCA chief Agashe dies|url=http://news.webindia123.com/news/articles/india/20090103/1143239.html|agency=Web India 123|date=3 January 2009}}</ref><ref>{{cite news |title=Deadend! |url=https://punemirror.indiatimes.com/pune/cover-story/deadend/articleshow/32689016.cms |work=[[Pune Mirror]] |date=4 January 2009}}</ref>

=== Aftermath ===
Upon Agashe's death, the depositors of the bank approached [[Indian Overseas Bank]] for help after the bank's accumulated losses were estimated at over Rs. 350 crore.<ref name="India Express" /><ref>{{cite news|title=Hope for depositors as IOB bids for Suvarna|url=http://epaper.timesofindia.com/Default/Scripting/ArticleWin.asp?From=Search&Key=TOIPU/2008/04/01/1/Ar00104.xml&CollName=TOI_PUNE_ARCHIVE_2006&DOCID=372693&Keyword=%28%3Cmany%3E%3Cstem%3EDnyaneshwar%3Cand%3E%3Cmany%3E%3Cstem%3EAgashe%29&skin=pastissues2&AppName=2&ViewMode=GIF|work=[[Times of India]]|date=8 April 2008}}</ref> The bank was finally dissolved and merged with [[Indian Overseas Bank]] in 2009.<ref>{{Cite news|url=https://www.business-standard.com/article/finance/suvarna-sahakari-bank-may-merge-with-iob-108112601040_1.html|title=Suvarna Sahakari Bank may merge with IOB|last=Reporter|first=B. S.|date=2008-11-26|work=[[Business Standard]]|access-date=2018-09-15}}</ref><ref>{{Cite news|url=https://www.business-standard.com/article/finance/iob-gets-nod-to-acquire-pune-based-co-op-bank-109020300057_1.html|title=IOB gets nod to acquire Pune-based co-op bank|last=Reporter|first=B. S.|date=2009-02-03|work=[[Business Standard]]|access-date=2018-09-15}}</ref>

The bank's case, and failure amidst a political scandal is widely cited today in the [[Banking in India|Indian banking sector]].<ref>{{Cite news|url=https://www.financialexpress.com/market/devendra-fadnavis-seeks-rbi-directive-on-cooperative-bank-merger-issues/1189085/|title=Devendra Fadnavis seeks RBI directive on cooperative bank merger issues|date=2018-06-01|work=[[The Financial Express (India)|The Financial Express]]|access-date=2018-09-15|language=en-US}}</ref><ref>{{Cite news|url=http://www.indiancooperative.com/banks/cm-calls-high-level-meet-to-resolve-rupee-bank-merger/|title=CM calls high-level meet to resolve Rupee Bank merger – Indian Cooperative|date=2018-06-01|work=Indian Cooperative|access-date=2018-09-15|language=en-US}}</ref><ref>{{Cite news|url=http://epaper.timesofindia.com/Default/Scripting/ArticleWin.asp?From=Search&Key=TOIPU/2008/05/19/3/Ar00302.xml&CollName=TOI_PUNE_ARCHIVE_2006&DOCID=396959&Keyword=(%3Cmany%3E%3Cstem%3EDnyaneshwar%3Cand%3E%3Cmany%3E%3Cstem%3EAgashe)&skin=pastissues2&AppName=2&ViewMode=GIF|title=Suvarna to pay interests on deposits from Jan|work=[[The Times of India]]|access-date=2018-09-15}}</ref>

== References ==

{{reflist}}

== External links ==
{{Sister project links |wikt=no |commons=no |commonscat=no |b=no |n=no |q=no |s=no |v=no |d=Q60743890 |m=no|mw=no|species=no}}
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[[Category:Banks based in Maharashtra]]
[[Category:Financial services companies based in Pune]]
[[Category:Banks established in 1969]]
[[Category:Banks disestablished in 2009]]
[[Category:Privately held companies]]
[[Category:Indian companies established in 1969]]
[[Category:Indian companies disestablished in 2009]]
[[Category:1969 establishments in Maharashtra]]

Suvarna Sahakari Bank - Revision history

->AngryMushroom: Adding local short description: "Indian private co-operative bank", overriding Wikidata description "Indian private co-operative bank" (Shortdesc helper)