Profile Of GBCB
The Greater Bombay Co-operative Bank Ltd,
more popularly known as Greater Bank, had its humble beginnings over five decades ago on 10th December 1952, when a small group of philanthropists got together to set up the Bank. Though the founders were pursuing interests of their own, they decided to establish the bank with the sole motto of serving the community at large. With this end in view, they introduced attractive deposit and lending schemes relevant to the times. The Bank made a mark for itself with high quality of service, which primarily induced several customers to the bank. Having achieved the status of a scheduled bank in 1996, The Greater Bombay Co-operative Bank has been making giant strides by attracting customers from the low, middle and upper income strata. This speaks volumes about the faith and the trust reposed in the Bank by the public.
The Bank has achieved distinguished success in co-operative banking sector particularly during the last few years because of its distinct objectives, strategic plan of action, its continuous monitoring and sharing of success with
the concerned personnel. Good Corporate Governance and a committed management with the Board of Directors with keen interest in the well being of the Bank has been instrumental in The Greater Bombay Co-operative
reaching greater heights.
The Business mix crossed Rs. 3000 cr. mark during the financial year 2015-16, Deposits stood at Rs. 1766 cr whereas Advances were at Rs. 1247 cr. Total Investments were at Rs. 659 cr. The Bank maintained Credit to Deposit Ratio of 68%. Bank’s CASA ratio improved to 31.3%. Net Interest Margin (NIM) also improved to 3.37%. The Bank has also maintained a CRAR at 13.36% against the RBI requirement of minimum of 9%.