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The bank was originally registered as The Bombay Central Co-op. Bank Ltd in 1911. However, its fore -runner The Bombay Urban Co-op. Credit Society was formed on 23-01-1906. Yet with the passage of time the bank underwent a few constitutional changes before it acquired the present status i.e. The Maharashtra State Co-op. Bank Ltd. (Incorporating the Vidarbha Co-op. Bank Ltd) on 01-05-1961, after the reorganisation of states on linguistic basis. It is interesting to note that as a result of constitutional changes, The Bombay Central Co-op. Bank Ltd became known as The Bombay Provincial Co-op. Bank Ltd in 1923, which from 1952 was recognised as The Bombay State co-op.Bank Ltd.

The changes in the chronological order are as under:

First Chairman Sir Vithaldas D. Thackersey 10.10.1911 - 24.11.1915 26.1.1921 - 16.8.1922	First Managing Director V.L. Mehta 1.10.1922 - 3.4.1946

FIRST BOARD OF DIRECTORS

1. The Hon'ble Sir Vithaldas D. Thackersey
   Chairman, Industrialist, Banker and renowned philanthropist of Mumbai.
2. The Hon'ble Mr. Lallubhai Samaldas
   Merchant banker & prominent cooperator from Mumbai.
3. Shapoorji B. Broacha
   President of Bombay Stock Exchange & Sheriff of Mumbai.
4. P. D. Pattani, Esqr., C.I.E.
   Dewan of Bhavnagar State
5. The Hon'ble Mr. G. K. Gokhale C. I. E.
   Father of Indian Economics & guide to the Bank
6. The Hon'ble Mr. Fazulbhoy Currimbhoy Ebrahim
   Leading Mill owner & Director of Bank of Bombay
7. Dr.Stanley Reed LL.D.
   Editor, Times of India, Mumbai. Specialist in Agricultural problems of the Presidency
8. The Hon'ble Sardar Raje Shambhusing Jadhavrao of Malegaon (Dist. poona)
   Leader of Agriculturists in Baramati
9. The Hon'ble Sardar Coopooswamy Viziarungam Moodliar
   Poona Agricultural Expert
10. Narottam Morarjee Gokuldas
    Leading Mill owner of Mumbai
11. Charandas Chaturbhooj Morarji
    Founder of cloth market in Mumbai
12. Shrimant Sampatrao Gaekwad
    Khasgi Karbhari of Maharaja of Baroda

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