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
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 2016.
- The bank maintains strong CRAR at 29.02% againts 9%
as specified by RBI.
- The bank hase been awarded "A" class audit
classification by Statutory Auditors as on 31st March 2016.
- 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 3204.72
Lacs as on 31st March 2016, to meet the unavoidable circumstances of
- 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