• The Bombay Catholic Urban Co-operative Society was registered on the May 8, 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.
  • 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.
  • 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.
  • The Bank crossed Rs. 100 crores in deposits in 1994-95.
  • Achieved Scheduled Bank status in October 1996, in recognition of continued excellence in performance.
  • 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.
  • 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.

Financial Highlights 2015-16 and 2016-17

(Rs.In Crores)
  2016-2017 2015-2016
No. of Branches   42 42
Membership Regular 14469 13655
Paid up Share Capital   15.25 15.20
Total Reserves & Funds   335.99 315.86
Working Capital   3354.58 3082.15
Business Mix   4410.48 3942.99
Gross NPAs   87.37 79.92
Gross NPAs ratio   5.88% 6.05%
Net NPAs   32.82 28.22
Net NPAs ratio   2.29% 2.22%
Provision Coverage Ratio   62.39% 64.63%
Return on Assets   0.67% 0.69%