The Karad Urban Co-op. Bank Ltd., Karad is now a prominent name in Urban Banking Sector. This Bank was established first as a Co-op. Urban Credit Society in the year 1917 and was subsequently converted into a Bank. The promoters of this Bank who were from different walks of life, working in various fields but having future out-look recognizing the need, established this Bank way back, 90 years ago.

The late Dr. D.S.Erram who had vision and who along with dedicated co-operation from Shri. Subhashrao Joshi and other Board Members was able to achieve all round progress.. Till 1993 the Bank had only 8 branches spread over Satara District only. Since then it has expanded it's wings in other prominent Districts of Maharashtra viz. Sangli, Kolhapur, Solapur, Ratnagiri, Pune and Mumbai.

The bank has made tremendous progress in all these districts and considering the need and demand, has amended its bye-laws to cover other districts of Maharashtra viz. Raigad, Ahamadnagar and also planning to go Multi-State by opening branches in Ahmedabad and Belgaum in Gujarat and Karnataka state respectively.