Excellent Co-op Bank Ltd

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History.
Management
Financials

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 below competent staff :

Officers : 18

Clerks : 31

Peon : 17

Total : 66

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 2018.

  • The bank maintains strong CRAR at 33.33% against 9% as specified by RBI.

  • The bank hase been awarded "A" class audit classification by Statutory Auditors as on 31st March 2018.

  • The bank is having good network of Advances Recovery System and concrete steps are taken for the same.

  • The bank has very strong reserves, approximately to the tune of 3505.10 Lacs as on 31st March 2018, 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 "

 

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