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 Bank has a deposit base of more than Rs.1000 Crores and a business mix of more than Rs.1600 Crores. The Banks operating income is more than Rs.100 crores and Non-interest income is more than Rs.2 crores with Gross NPA less than 5.0%.

ISO Certification

The Bank has the distinction of being India’s first Co-operative Bank with ISO 9001:2000 certification for all its branches. Bank’s independent departments such as the DEMAT Cell & Housing / Retail Loan Cell are also ISO 9001:2000 certified. This certification speaks volumes about the good practices of the Bank. We believe that being a part of the service industry, maintaining customer relationship is the prime objective. The customer fraternity of the Bank has been growing year after year. Novel banking products introduced by the Bank such as Personalized Cheques, Cheque Depositing machines, KIOSK machines, ATM, RTGS payments, DEMAT services, Franking of documents and more recently Bank Assurance, PAN and Mutual Fund services have paved way for not only customer satisfaction but customer delight. Complete customer satisfaction coupled with personalized courteous service is the motto and speciality of our service. The Bank has implemented Core Banking Solution (CBS) by adopting the Application Service Provider (ASP) model and has tied up with c-EDGE, a company which is a joint venture between State Bank of India (SBI) and Tata Consulting Services (TCS). The Bank has successfully launched CBS at all its 19 branches and the customers now avail the benefit of anywhere banking.

With highest regards to senior citizens and a belief in social commitment The Greater Bombay Co-operative Bank has special interest rates on deposits for Senior Citizens, which are amongst the best in the banking industry. The Bank provides 8 to 8 banking services with Sunday banking. (8.00 a.m. to 8.00 p.m. from Monday to Friday and 9.00 a.m. to 1.00 p.m. on Saturday and Sunday).