Bharat Co-operative Bank (Mumbai) Ltd.

Bharat Co-operative Bank (Mumbai) Ltd.

About Bank

In the year 1978, several young, enthusiastic and like-minded social workers associated with The Billawar Association, Mumbai , a leading Charitable Institution sponsored the Bank. The Bank was established with an intention to promote social justice and welfare and to take banking to the masses especially middle class and low-income group of people to support their standard of living. It was initially difficult to collect share amount of Rs.10/- for one share. Now the Bank is enjoying enormous confidence and loyalty from the members, depositors, well wishers and public in general. The Bank has made enormous progress during the period of 33 years of its banking business due to confidence bestowed by the people at large. A common man has no hesitation to invest his hard earned money in Bharat Bank for safety and better returns.

The Bank now known for its service, clean image and young team of personnel has carved its own niche as one of the best Banks in the Metropolis having a customer base of more than 12 lacs. The Reserve Bank of India has conferred scheduled status to the Bank on 22nd April, 1996 and the Bank subsequently registered as Multi-State Scheduled Co-operative Bank on 26th September, 1997 vide Registration No. MSCS/CR/71/97 dated 26th September, 1997. Today the Bank has 36 Branches which include 7 branches in Karnataka, four of which are located in Bangalore and one each in Udupi , Mangalore and Suratkal. During the financial year 2008-2009 two new branches were inaugrated, one each at Pune and Udupi. Both have received good response from the members and customers. The 35th and 36th Branch was inaugrated at Suratkal on 14th September and Goregaon(WEST) on 29th November 2010. In spite of not too conducive atmosphere prevailed in the Banking scenario particularly in the co-operative Banking sector the performances of the Bank during the last few years deserves notice. The Bank has posted a net profit of Rs. 27.55 crores for the financial year ended 31st March 2010 as against Rs. 30.52 crores for the previous year after making necessary provisions in accordance with the extent guidelines of RBI.

The Bank has made appreciable progress in the last decade of its banking operations in terms of opening of branches, mobilization of deposits, deployment of resources and profitability. The shareholders have also benefited due to attractive dividends. The Bank has capital adequacy ratio at 16.89% as against RBI stipulation of 9% and thus maintaining strong financial solvency and net worthiness.

The Non-Performing Assets (NPA's) were reduced to Rs 28.73 Crores as on 31st March 2010 from Rs.33.62 Crores as on 31st March 2009.Consequently the gross NPA's was reduced to 1.57% as on 31st March 2010 from 2.24 as on 31st March 2009 and the net NPA's was 0% as on 31st March 2010,reflecting healthy loan portfolio of the bank.

Contact Details


Registered Office & Service Branch

Mohan Terrace, 64/72, Mody Street, Fort,
Mumbai 400001

Central Office

'Marutagiri' Plot No. 13/9 A, Samant Estate,
Sonawala Road Goregaon(E),
Mumbai 400063.



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