Excellent Co-operative Bank Limited formerely known as "The
Safe Co-operative Bank Ltd" is serving the banking needs of
the common man from the last five decades. During these years it
has served lacs of customers.
It started in the year 1962
and its first branch was opened at Abdul Rehman Street, Mumbai. At
present the bank is having Six branches with 59 competent staff.
The bank is fully computerised with trained personnel. The
bank has adopted Core Banking System (CBS) and all branches are
connected with each other. The staff is trained in Computers as
well as in Co-operative Management.
The bank grants loan
to the priority sectors as well as to the weaker sections of the
society as per the R.B.I guidelines.
The bank's Net NPA is "Nil" as on 31st March 2017.
The bank maintains strong CRAR
at 35.48% againts 9% as specified by RBI.
The bank hase been awarded "A"
class audit classification by Statutory Auditors as on 31st March
The bank is having good network
of Advances Recovery System and concrete steps are taken for the
The bank has very strong
reserves, approximately to the tune of
3376.54 Lacs as on 31st March 2017, to meet the unavoidable
circumstances of the bank.
The bank is paying maximum
dividend i.e 15% to the share holders since last 10 years and on
the ocassion of GOLDEN JUBLIEE (31st March 2011) year bank has
paid 25% dividend.
Bank with Excellent Co-operative Bank Limited, " Its
Your Bank "