| 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, converted to Citizen Co-operative Bank on October 20, 1984.

  • The Reserve Bank of India (RBI) by their order-dated October 12, 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 Citizen Co-operative Bank Ltd. a full-fledged banking licence on December 27, 1989 (Lic No. MH1016p).

  • In 1989, RBI authorized Citizen 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.

  • Citizen 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 2008 - 2009
  • The subscribed and paid - up Share Capital of the Bank stands at Rs.14.63 crores. 
  • Total Capital & Reserves increased by 12.43% from Rs. 114.41 crores to Rs. 128.63 crores.
  • Attained Capital Adequacy Ratio of 16.10%.
  • Accumulated Reserves at Rs.114.00 crores covers the paid-up Share Capital seven times over.
  • Total Deposits increased by 12.69 % from Rs. 925.89 crores to Rs. 1043.39 crores.
  • Total advances increased by 27.20% from Rs. 477.15 crores to Rs. 606.94 crores.
  • Net NPAs are NIL.
  • Investments increased by 33.19 % from Rs. 311.28 crores to Rs. 414.59 crores.
  • Working Funds amounted at Rs. 1305.10 crores.
  • Total Income increased by 39.99% from Rs.90.31 crores to Rs.126.43 crores
  • Total Non-Interest Income increased by 161.57% from Rs.7.47 crores to Rs.19.54 crores
  • Net Profit is Rs. 20.48 crores.
  • 80 %of the Profits for 2007-08 have been ploughed back to Reserves.
  • Number of active Demat accounts stand at 10393.
  • Staff strength stands at 379.
  • Organised various Symposia for members and public at large to enhance public awareness on financial issues.
  • Granted Awards for Academic Excellence to 150 students.
  • Continued to maintain ‘A’ Audit rating since inception signifying all – round excellence in banking operations.