Mumbai: Bharat Bank bags Best Bank Award from Maha Urban Co-op Banks Federation

By Rons Bantwal
Bellevision Media Network

Mumbai, 28 Sep 2014: Bharat Co-operative Bank (Mumbai) Limited bagged Best Bank Award of The Maharashtra Urban Co-operative Banks Federation Limited for the successive fifth year. 
 
The Federation chairman Vidyadar Anaskar presented the Award to Bharat Bank deputy chairperson advocate Rohini J Salian and managing director / CEO C R Mulky during the function held at Bharatiya Kreeda Mandir complex auditorium, Wadala, here on Saturday September 27.
 
Speaking on the occasion, Vidyadar said that the award was presented on the basis of transparency report of experts from Indian banks and foreign banks.  It is being done on the basis of RBI rules that stipulate bank’s efficiency and customer satisfaction by Bharat Bank.  The banks should not limit themselves to opening an account; they have responsibility to earn for the account holder and the bank also.  Despite the challenges of globalization, co-operative banks are surging in profits because of customer loyalty, said Vidyadar. 
 
Speaking on the occasion advocate Rohini said the credit for bagging Best Bank Award goes to Bharat Bank chairman and chief mentor Jaya C Suvarna.
 
Bharat Bank general manager Nityanand D Kotian, directors Chandrashekar S Poojary, K N Suvarna, J A Kotian, K B Poojary and Gangadhar J Poojary, chief general manager Anilkumar R Amin, general manager Shobha Dayanand were present on the occasion.
 
The Federation deputy chairman Ajay Brahmecha, Manohar Mendjoge, Damodar Mazgaonkar, Gulabrao Shelke, Kailaschandra Agarwal, Satyanarayan Lohia, Bapoorao B Poojary, Bhaskar Kotavde, Vilas Desai, C B Adsool, Shobha Sawant and others were also present.
 
The Federation chief executive officer Sailee Boir compered the programme.

 

 
 
 
The Bharat Co-operative Bank (Mumbai) Ltd., was established in the year 1978.  Since then the Bank has shown gradual and tremendous progress in various parameters such as Deposit mobilization, Advances, Innovations, and Service Efficiency to Customers.  The Bank is well known for it’s customer service and is popularly known in the metropolis as ‘Bharat Bank’.  Started by several young, enthusiastic and like-minded social workers associated with The Billawar Association, Mumbai, a leading Charitable Institution. 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. Today, with over 55 branches spread over Maharashtra and Karnataka states it has acquired a status of Multi-State Scheduled Bank. The bank has been maintaining ‘0% Net NPA’ and securing ‘A’ rating for audit in the bank since the last many years. Over the years Bharat Bank has become known for its service, clean image and young team of personnel and has carved its own niche as one of the best Banks in the Metropolis having a customer base of more than 12 lakh.
 
Bharat Bank with 0% Net NPA has been steadily growing at rate of around 25%. No wonder, The Reserve Bank of India has granted the Bank with licenses for opening additional 15 branches [at 1) Gokuldham – Goregaon (East), 2) Andheri, 3) Bhiwandi, 4) Vikhroli, 5) Nalasopara, 6) Virar, 7) Wadala, 8) Nerul, 9) Koparkhairne, 10) Bandra (West), 11) Parel, 12) Vile Parle (West), Lonavala, Kankanady – Dakshina Kannada and Ujire – Dakshina Kannada] and approval to open 17 branches [at 1) Borivli (East), 2) Malad (East), 3) Worli, 4) Ambernath, 5) Boisar, 6) Garodia Nagar – Ghatkopar (East), 7) Kanjurmarg, 8) Byculla, 9) Kurla (East), 10) Charkop – Kandivli (West), 11) Airoli, 12) Shivaji Nagar – Pune, 13) Surat, 14) Vapi, 15) Vadodara, 16) Magadi – Bengaluru and 17) Koramangala – Bengaluru] as per annual business plan of year 2014-15.
 
This is the second time in the year that the Bank has been awarded first prize.  On 11th August 2014, the Bank has been awarded with first prize by ‘The Brihan Mumbai Nagari Sahkari Bank’s Association Ltd for its overall Best Performance in the category of Co-operative banks in Mumbai having deposits over Rs 1500 Crore for the year 2012-13.