Pratibha Mahila Sahakari Bank information

This article needs to be updated. Please help update this article to reflect recent events or newly available information. (January 2016)

The neutrality of this article is disputed. Relevant discussion may be found on the talk page. Please do not remove this message until conditions to do so are met. (July 2012) (Learn how and when to remove this message)

Pratibha Mahila Sahakari Bank (Pratibha Women Cooperative Bank) was a cooperative bank based in Jalgaon, Maharashtra, India. It was founded in 1973 by Pratibha Patil, who later became President of India, with the objective of empowering women.

Patil was a chairperson of the bank and also one of its directors, along with many of her relatives.^[1] She is one of 34 respondents in an ongoing case before the Aurangabad bench of the Bombay High Court regarding alleged mismanagement of the bank and misappropriation of funds.^[2]

The Reserve Bank of India (RBI) revoked the licence of the bank in 2003 after it was found out that the bank had engaged in various irregularities, including illegally waiving interest on loans given to many of Patil's family members.