| Our Mission |  Our Vision | Profile | Milestones | Board of Directors | Management Team | Branches | Technology |
 
 

  • The Bombay Catholic Urban Co-operative Society was registered on the May 6, 1920.

  • The Registrar of Co-operative Socities vide Order No.BOM/URB/BOMBAY CATHOLIC R-WARD OF 84 dated October 20, 1984 approved the conversion of the Bombay Catholic Urban Co-operative Credit Society to CITIZEN CO-OP. BANK LTD., to carry on  the business of banking.

  • RBI issued CITIZENCREDIT 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. 1594.41 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. 1929.96 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 signifying all – round excellence in banking operations.