XYZ co-operative bank was established under Registrar of Co-op. Societies, Gujarat State vide registration number 51993 dated 6th February 1970 by Late Shri Chandulal B. Satia (Founder Chairman) and Late Shri Hiralal H. Bhagvati (Managing Director).
Reserve Bank of India issued banking licence bearing number UBD.GJ.516-P dated 26th August 1986 to the bank.
Bank’s CRAR as of 31st March 2024 is 32.18%. Bank reported gross NPA 1.33% while net NPA 0% as of 31st March 2024
Bank’s Profile
Bank is governed by Board of Directors. Bank’s Board comprises of prominent personalities from all field of the Society. There are Chartered Accountants, Lawyer, Industrialists and Traders on the Board of the Bank.
The Board has always given priority to the interest of Bank’s Depositors who have placed their hard-earned money with the bank. Therefore, the Board has adopted a policy of care and vigil in selecting the business proposals on merits.
Bank has x branches in bhopal city only. All branches are fully computerised and working on core banking solution since June 2007. Bank is providing various services to its customers in a personalised environment.
Bank’s Deposits up to Rs. 5.00 lac is insured with Deposit Insurance & Credit Guarantee Corporation of India and Bank is regularly paying its premium.