Established on 24th March 1974, by Shri Vivek Dadhe, an eminent Chartered Accountant and his enterprising wife Mrs. Meenakshi Dadhe. They realized inherent qualities of caution, perseverance, and financial prudence of women and decided to tap this potential and established the bank "Managed by women for All". The bank is named after Bhagini Nivedita, disciple of Swami Vivekanand, originally an Irish woman ( Margaret Noble ), who came to India and devoted her life in the service of Mankind.".