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Shivaram Hari Rajguru (24 August 1908 – 23 March 1931)

Was an Indian revolutionary from Maharashtra (then Bombay State), known mainly for his involvement in the assassination of a British police officer named John Saunders. He was an active member of the Hindustan Socialist Republican Association (HSRA) and on 23 March 1931, he was hanged by the British government along with his associates Bhagat Singh and Sukhdev Thapar.

Rajguru was born on 24 August 1908 at Khed to Parvati Devi and Harinarayan Rajguru in a Marathi Deshastha Brahmin family. Khed was located at the bank of river Bheema near Pune. His father died when he was only six years old and the responsibility of the family fell on his elder brother Dinkar. He received primary education at Khed and later studied in New English High School in Pune. He joined Seva Dal at a young age. He attended a training camp conducted by Dr. N. S. Hardikar at Ghatprabha He was a member of the Hindustan Socialist Republican Association, who wanted India to be free from British Raj by any means possible. Rajguru became a colleague of Bhagat Singh & Sukhdev Thapar, and took part in the assassination of a British police officer, J. P. "John" Saunders, at Lahore on 17 December 1928. Their actions were to avenge the death of Lala Lajpat Rai who had died a fortnight later after being badly beaten by the police while on a march protesting the Simon Commission His birthplace of Khed was renamed as Rajgurunagar in his honour. Rajgurunagar is a census town in Khed tehsil of Pune district in state of Maharashtra.

Some Milestones

    • Establishment: 19th June 1931 – Registration No 7016 Work Started: 12th July 1931.

    • Previously Known as : Khed Urban Co-operative Bank Ltd. Previous Work Place : Rajgurunagar Sahakari Bank Ltd was founded by   Honorable Parshuram Alias Dadasaheb Apte, started banking process in their   house.

    • 1st July 1945: First Office Building was started

    • 1955: Rajgurunagar Sahakari Bank Ltd received Pune Central Co-op Bank’s   Pune District Urban Bank award for Best Performing in Banking sector.
    • 19th August 1956: Successfully Completed 25 years and celebrated Silver    Jubilee.

    • 1956 till Present: In Audit “A” Grade.

    • 26th January 1963 : Bank started its work in its own new building “Gangajali”.

    • 3rd August 1970 : The village became Rajgurunagar to preserve the memory    of Kranti Singh Shivram Hari Rajguru. Accordingly, the name of the bank was   also changed to ‘Rajgurunagar Urban Co-Op Bank Ltd.’

    • 6th February 1980 : 1st branch in chakan in operation.

    • 1981 : 2nd floor work completed of “Gangajali”.

    • 1st November 1981 : Successfully Completed 50 years and celebrated Golden Jubilee.

    • 31st October 1982 : Opening of 2 new branches at Kadus and Bajarpeth(Rajgurunagar).

    • 22nd December 1982 : Reserve Bank - Banking License.

    • 1st September 1984 : By giving an independent existence to the Bank's Head Office Transaction Department, it was converted into a separate ‘Tilak Chowk branch’ and thus the fourth branch became functional.

    • 6th September 1985 : New Sub-rules came into force on 6th September 1985 as per the recommendation of the Department of Co-operatives

    • 1st Novenber 1985 : There has been change in the Name of the Bank to “Rajgurunagar Sahakari Bank Ltd”.

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Founder of Rajgurunagar Sahakari Bank ltd. Hon'ble Parshuram Alias Dadasaheb Apte

Rajgurunagar Sahakari Bank Ltd. has rich history over the period of pre independent India. Bank was established in the Year 1931 in small village of Khed in Pune District by its Founder Member Late Shri Parshuram Bhagirath Apte with the social objective of providing easy credit to small farmers in and around Khed District who otherwise had to avail finance from Local Money Lender at hefty rates and providing momentum to co-operative movement

Formation of the bank helped the people in the Village to save their money in the bank and also avail Loans in case of need and for farming during the crop seasons.With the great efforts of the Founder members during the period bank could survive the World War and Great Depression of 1942 and celebrated its Silver Jubilee 1956. In the Year 1970, in memory of Late Shivram Hari Rajguru, great Indian revolutionary and freedom fighter name of Khed Taluka was renamed as Rajgurunagar and pursuant to this Bank was named as Rajgurunagar Sahakari Bank Ltd.