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".

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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.

"A bank that makes dreams worthwhile", In consonance with bank’s emblem, the bank has uplifted thousands of households by inculcating in them financial discipline and by extending financial assistance on easy terms. Since inception bank is doing exemplary work of relieving poor people from the clutches of private money lenders by offering them loans at affordable interest rates.