The Rajkot Peoples Sahakari Sarafi Mandali Ltd. was established during 1990 and the same was converted in to urban bank and Rajkot Peoples Co-operative Bank Ltd. is came into existence during 1997. The Registrar of Co-operatives of the State and Reserve Bank of India, Ahmedabad have issued registration certificate / license to the bank during 1997. Our bank has commenced its banking business with a single branch initially. Our bank is working with seven branches in Rajkot city at present. The progress made by our bank since its inception can be visualized from the following details:
(Rs. in lacs)
| Year | Members | Share Capital | Reserves | Total Deposits | Low-Cost Dep. % | Total Advances | Working Capital |
| 1997-98 | 6,596 | 34.29 | 64.32 | 300.39 | 50.67 % | 138.21 | 417.52 |
| 1998-99 | 7,593 | 55.48 | 67.56 | 1139.98 | 35.26 % | 816.54 | 1303.95 |
| 1999-00 | 8,735 | 73.64 | 89.40 | 2016.87 | 29.20 % | 1456.69 | 2269.75 |
| 2000-01 | 10,183 | 113.14 | 138.09 | 3623.66 | 25.54 % | 2673.57 | 4217.38 |
| 2001-02 | 11,309 | 124.07 | 225.83 | 5016.92 | 24.18 % | 3142.00 | 6091.86 |
| 2002-03 | 12,368 | 147.33 | 323.41 | 6871.87 | 23.20 % | 3833.41 | 8692.75 |
| 2003-04 | 12,878 | 178.37 | 419.06 | 8312.38 | 25.22 % | 4578.52 | 12329.46 |
| 2004-05 | 13,280 | 216.57 | 535.35 | 8807.52 | 31.83 % | 6266.46 | 10179.79 |
| 2005-06 | 13,550 | 229.61 | 751.28 | 9644.92 | 38.36 % | 6862.44 | 10849.39 |
| 2006-07 | 13,752 | 222.79 | 1144.67 | 10127.52 | 44.54 % | 5880.04 | 11201.43 |
| 2007-08 | 13,785 | 219.96 | 1148.45 | 9640.19 | 53.75 % | 4610.42 | 11185.89 |
| 2008-09 | 13,753 | 196.74 | 1204.08 | 8715.77 | 55.23 % | 3577.20 | 10383.87 |
| 2009-10 | 14,047 | 199.03 | 1292.31 | 9709.66 | 58.43 % | 3688.70 | 11350.70 |
| 2010-11 | 14,450 | 227.71 | 1503.46 | 10767.04 | 64.19 % | 4890.55 | 12736.12 |
| 2011-12 | 14,650 | 245.30 | 1545.43 | 11479.00 | 67.85% | 6084.85 | 13508.23 |
| 2012-13 | 14,817 | 258.84 | 1655.14 | 12220.32 | 64.45% | 7633.20 | 14492.60 |
| 2013-14 | 16,890 | 254.72 | 1756.17 | 14665.22 | 63.61% | 7224.84 | 16875.55 |
| 2014-15 | 16,075 | 289.76 | 1953.01 | 15235.06 | 62.28% | 8153.99 | 17714.28 |
| 2015-16 | 17,404 | 311.01 | 2070.84 | 16852.11 | 61.40% | 9570.85 | 19553.95 |
| 2016-17 | 17,970 | 325.60 | 2205.55 | 22644.22 | 65.00% | 8727.66 | 25538.80 |
| 2017-18 | 18,642 | 345.36 | 2123.86 | 21431.34 | 67.59% | 9295.63 | 24594.91 |
| 2018-19 | 19,380 | 398.81 | 2396.79 | 21766.41 | 67.30% | 10790.62 | 25108.41 |
| 2019-20 | 19,765 | 417.99 | 2562.24 | 22727.22 | 64.80% | 11162.05 | 26262.98 |
| 2020-21 | 20,527 | 403.96 | 2781.92 | 25614.45 | 68.32% | 9817.31 | 29356.50 |
