It was also granted a Banking License No. UBD.ND.0001P by Reserve Bank of India on July 1, 2000 under section 22 of the Banking Regulation Act 1949 (as applicable to Co-operative Societies).
The change in name of Bank was approved by the above two authorities w.e.f. June 17, 2010.
The Bank (Society) started functioning as per the Registered Bye- Laws and as per the Delhi Co-operative Society Act and Rules.
The Bank's operations are fully computerized using latest state of art technology for accurate and robust financial transactions.
The deposit schemes are designed to deliver maximum value to its members/customers offering attractive rates of interest. These deposits are channelized by giving loans to members at the most competitive rates for making it a profitable Institution. The Bank/Society is to enable financial inclusion by providing affordable services to all its members.