Janardhan Ranadive has been unanimously elected again as the Chairman of Pune People’s Cooperative Bank whereas Ramesh Sonawane elected as its deputy, in an election held last week.
Ranadive, a chartered accountant by profession and associated with the bank since long whereas Sonawane, a medical practitioner, has been active in the co-operative sector for the past 17 years.
Pune People’s Co-op Bank is one of Maharashtra’s leading multi-state co-operative banks, having a business mix of more than Rs 2400 crore with 21 branches.
The bank recently held its 73rd Annual General Meeting, where it announced a 12.50 percent dividend to shareholders for the financial year 2023-24. The bank also announced plans to introduce the UPI Lite system soon.
