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Hutatma Sahakari Bank Ltd. was formally established on August 15, 1996, in Walwa, Maharashtra, under the vision of its founder, Padmabhushan Kranthiveer Dr. Nagnath Anna Nayakawadi. The bank’s founding charter was explicitly rooted in social and economic upliftment, aiming to serve and protect the interests of artisans, farmers, small business owners, and agricultural laborers, thereby working to alleviate poverty and unemployment in its operational area. This mandate places it firmly within the tradition of cooperative banking institutions designed to promote financial inclusion at the grassroots level.

Today, the bank operates as an Active, Scheduled Urban Cooperative Bank with its headquarters still located in Walwa. It functions across Maharashtra, maintaining over 18 computerised branches. Its primary significance in the Indian financial system lies in its cooperative structure, which dedicates its operations to providing essential banking services, including short-term and low-interest loans, to local and underserved communities. As a cooperative, its structure is neither public (government-owned) nor a large private commercial bank, but a member-owned institution regulated to fulfill a specific development-oriented role within the regional economy.