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 Bank reaching greater heights.
The Business mix crossed Rs. 3313 cr. mark during the financial year 2017-18, Deposits stood at Rs. 1944 cr whereas Advances were at Rs. 1369 cr.
Total Investments were at Rs. 740 cr. Bank’s CASA ratio improved to 34.41% FY 2017-18 from 33.07% FY 2016-17. Net Interest Margin (NIM) stood at 3%.
The Bank has also maintained a CRAR at 10.42% against the RBI requirement of minimum of 9%.