Ichalkaranji is one of the fastest growing Industrial city in Maharashtra and has even been termed the “Manchester of Maharashtra” because of textile Industry. The textile business is mainly dominated by young generation but lack of financial aid their are restriction on their expansion. With a view to establish a financial institute for financial aid Shri. Appasaheb B. Magdum (Ex-vice President,Ichalkaranji Nagarparishd) Founder promoter along with his companions shri.Balasaheb Sidhappa Chougule,Shri.Kuntilalji Patani, Shri.Subhash Kadappa, Dr.P.J.Badbade, Shri Balasaheb Parisa Chougule, Shri.Ravindra Deomore, Shri.Bapuso Jamdade registerd the Bank on 16.1.1996 on the name of Jains First Tirthankar “Shri Adinath Bhagwan” as “ Shri Adinath Co-op.Bank Ltd.Ichalkaranji.
In the beginning Bank Started his business at Laxmi market,Ichalkaranji on rental basis. Shri. Appasaheb B. Magdum has been selected as the First Chairman of the bank on 05.02.1996. From the beginning bank won the confidence of the members, as a result in 2001. Bank started his Computerized business within a short span of time.
Bank purchased a plot of 3000 sq.ft. and build up its own premise at adat peth, janata chowk, Ichalkaranji which is known as heart of the city. Today bank is functioning with its two branches at Jaysingpur and Sangli Naka,Ichalkaranji.
In the total history, Bank never faced to election. Every time, with the consent of all unopposed elections took place. The Bank Directors placed a model for others by rejecting the meeting, traveling and other allowances.
Bank has obtained Audit class ‘A’ from the beginning. To stay in the cut throat competition bank installed the Core Banking Solution (CBS) firstly in Ichalkaranji as compared to other small bankers. As a result Customer can withdraw or Deposit money at any branches of the bank. As well as Bank also providing CTS-2010 Standard cheque book, SMS Banking ,Locker Facility etc. to the customers. Bank obtained IFSC Code and providing RTGS/ NEFT Services directly. Due to receiving all the services under one roof, the growth of the bank is tremendous.