CITIZENCREDIT TM Co-operative Bank Ltd. now brings you general insurance covers through a Corporate Agency tie up with United India Insurance Co. Ltd.(wholly owned by Govt. of India)        • Study Abroad - Foreign Exchange with CITIZENCREDIT TM Co-operative Bank Ltd. Students Special
Milestones
  • The Bombay Catholic Urban Co-operative Society was registered on the May 6, 1920 with the Registrar of Co-operative Societies.

  • Converted into a Bank by the Registrar of Co-operative Societies vide Order No. BOM/URB/BOMBAY CATHOLIC R-WARD OF 84 dated October 20, 1984 to carry on the business of banking.

  • The Bank was registered under the Multi-State Co-operative Societies Act, by the Central Registrar vide Regn.No.MSCS/CR/75/98 dated January 20,1998.

  • RBI issued CITIZENCREDIT TM Co-operative Bank Ltd. a full-fledged banking licence on December 27, 1989 (Lic No. MH1016p).

  • In 1989, RBI authorized CITIZENCREDIT Co-operative Bank Ltd to open and maintain Non-Resident External Rupee accounts.

  • The Bank crossed Rs. 100 crores in deposits in 1994-95.

  • It was the first co-operative bank to commission and conduct fully - computerized banking operations by 1991.

  • CITIZENCREDIT Co-operative Bank Ltd was also the first co-operative bank to be rated by a credit rating agency - CRISIL (Credit Rating Information Services of India Ltd) in January 1995.

  • Achieved Scheduled Bank status in October 1996, in recognition of continued excellence in performance

  • Attained Multi-State Co-operative Bank status in January 1998

  • Introduced Full-Fledged Money changing operations in February 1999

  • Commenced the conduct of dematerialisation of shares held in the Bombay Stock Exchange (DeMat), on a fully computerised mode, for customers

HIGHLIGHTS 2010 - 2011

  • The subscribed and paid - up Share Capital of the Bank stands at Rs.14.98 crores.

  • Total Capital & Reserves stands at Rs. 205.82 crores.

  • Attained Capital Adequacy Ratio of 17.81%.

  • Accumulated Reserves at Rs.190.84 crores covers the paid-up Share Capital twelve times over.

  • Total Deposits stands at Rs. 1,594.41 crores.

  • Total Advances stands at Rs. 795.12 crores.

  • Net NPAs stood at Nil.

  • Investments stood at Rs. 603.93 crores.

  • Working Funds amounted to Rs. 1,929.96 crores.

  • Total Income stood at Rs.163.63 crores

  • Total Non-Interest Income stood at Rs.12.88 crores

  • Net Profit is Rs. 16.71 crores.

  • 82.72 %of the Profits for 2010-11 have been ploughed back to Reserves.

  • Number of active Demat accounts stand at 9,952.

  • Staff strength stands at 461.

  • Organised various Symposia for members and public at large to enhance public awareness on financial issues.

  • Granted Awards for Academic Excellence to 241 students.

  • Continued to maintain 'A' Audit rating since inception signifying all - round excellence in banking operations.
 
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