Pavana Sahakari Bank Ltd, Chinchwad was established on 2 Oct. 1973

by visionary Ex – M P Shri. Annasaheb Magar along with his colleagues Mr. Dnyaneshwarji Landge, Mr. Mamasaheb Pimple, Mr. Digambarshet Kalbhor with the active support of Mr. Shankarlal Mutha, Mr. Vishnu Gawade, Mr. Eknath Nanekar, Mr. Namdev Gaikawad etc by the people who were highly respected in the social-values. Their experience and expertise have made the bank highly efficient and effective with profit-making by highly ethically and moral values.

The Pavana Sahakari Bank Ltd. Since the beginning kept the goal to help those peoples who are common, economically weaker & lower section of the society and the native of these area have in needs of finance to fulfill theirs financial dreams. Therefore Pavana Bank has carved a place as popular bank of masses and not only for classes.

The Pavana bank is popular as ONE of the OLD TOP Urban Co-operative Banks of Pimpri-Chinchwad areas because of its tremendous progress. At present it is one of the fast progressing Co-operative Bank in Pimpri-Chinchwad. It has a 22 branches at Chinchwad, Kasarwadi, Bhosari, Pimpri, Kalewadi, Akurdi, Wakad, Somatane Phata, Chimbli Phata, Ravet, Alandi, Dapodi, Wagholi, Pashan, Dehugaon, Vadgaon Maval, Spine Road, Kamshet, Shikrapur, Marunji, Induri and Chikhali.

Since its inception, all the directors have agreed unanimously not to receive any honorarium, sitting fees for their services / meetings, etc. This unique gesture of selfless service by the Directors has set an example before the society. Professional top management has always been its guiding star.