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The Jalgaon Janata Sahakari Bank Limited (JJSBL) was established on January 20, 1979, with a foundational vision to serve the "common man" in the Jalgaon district of Maharashtra, commencing operations with its first branch in 1983. As a co-operative banking institution, its early years were marked by a focus on community and local financial inclusion, a cooperative philosophy exemplified by its stated vision: "Carve the names on the heart of common man instead of carving names on marble." The bank reached a significant milestone in its organizational history by attaining "Scheduled Bank" status from the Reserve Bank of India on January 29, 2000, making it the first bank in the North Maharashtra region to achieve this recognition, thereby expanding its regulatory scope and operational capacity.

JJSBL remains a non-publicly listed institution, operating as a Scheduled Urban Co-operative Bank. Its current status within the Indian financial system is as a prominent regional player in Maharashtra. As of 2019, the bank had expanded its presence to a network of over 40 branches across several districts in the state. Its financial significance is demonstrated by its substantial business mix, which stood at approximately ₹2,500 crore in 2019. The bank contributes to the Indian co-operative banking sector by providing a full range of services—including loans, deposits, and digital fund transfers—and acts as a key financial anchor for the local and regional communities it serves.