Our Vashi branch had conducted a Rangoli Competition at Gaondevi Mariaai Mandir, Vashi between 10.00 a.m. to 12.00 a.m. on 20th February 2010. A total of 17 ladies participated in this competition.

The prize distribution function was held in the temple itself. Prizes to the winners and participation gifts were handed over to all the participants.

A drawing competition was oragnised by our Bandra branch on 22.01.10 at Duerello Convent High School, Bandra between 10.45 a.m. to 12.15 p.m.in the school premises itself. Around 950 students from Vth std to IXth std participated in this competition.

Our Bhandup branch had organized a Drawing & Painting Competition for children of different age groups at Samarth Gardens Complex, Bhandup(W) on 3rd January, 2010 at 11.00 a.m.

Nearly 52 children of different age groups participated in the competition.
View the photographs for the same in the gallery section.

Shri Mohan S. Darekar Director – Staff Representative & Unit Organising Secretary, retired from the services of the Bank on 31st December, 2009. He had joined our Bank on 1st July, 1977 and had a eventful & successful career with our Bank. He served the Bank for more than 32 years and as a staff representative for more than 25 years.

A grand farewell function was organised at Dadar to felicitate him. The function had the presence of Shri Anandrao Adsul (Member of Parliament & President of the Co-operative Bank Employees' Union ), Shri Anand Ahire (Director), Shri BVR Sarma (CEO),  Shri Shekhar Desai (Sr. G.M.), Shri N. B. Rege  (Director Staff Representative & Union Vice President). A large number of Staff members alongwith Executives of the Bank were present for the felicitation of Shri Darekar at the Hands of Shri Anandrao Adsul. On behalf of the Greater Bank family we wish him a happy, peaceful & healthy retired life.

Description and Details of Properties
The following are properties for Bid – cum – Auction

1.) Gala Nos. 9 & 10, Oswal Compound, Old Agra Road,
    Village – Purna,   Tah : Bhivandi,
    Dist : Thane 421 302
    Area :Built up area 2000 sq.ft. & 1885.00 sq. ft respectively.
    Total - 3885.00 sq. ft. built up.

For Further enquires and details related to Bid – cum – Auction

Please contact: 2498 4863, 2495 5448, 2495 3603.

The Greater Bombay Co-operative Bank Ltd. inaugurated its Bhandup Branch on 30th August, 2009  at Gurunanak Udyog Bhavan, L.B.S. Marg, Bhandup (W), Mumbai – 400 078.at the hands of Shri Sardar Tara Singh (M.L.A.~ Maharashtra State). The CEO of the Bank, Shri BVR Sarma welcomed the Chief Guest on the occasion.
With this new branch, the total branch network of the Bank now stands at 20 spanning across Mumbai, Thane and Navi Mumbai.
On the occasion, the Chairman of the Bank Shri Narendrakumar Baldota briefed the invitees on the progress made by the Bank over the years. The Bank is one of the oldest scheduled Co-operative Banks. It started in 1952 and has a business mix of Rs.1,800 crores. He also informed that the new Bhandup branch like all other branches is a Core Banking Solutions (CBS) branch offering various additional services like Demat, Mutual Fund, IPO Form Distribution, Bancassurance, PAN card, Utility Bill Payment, Forex, ATM, NEFT, RTGS, Locker facility etc. Bank would shortly be opening branches at Miraroad and  Churchgate.
Speaking on the occasion, The Chief Guest, Shri Sardar Tara Singh complimented the services provided by the Bank to the customers and wished for the success of the Bhandup branch. The function was well attended by Bhandup residents, customers, staff and executives of the Bank.

58h Annual General Meeting of The Greater Bombay Co-operative Bank Ltd. was held on 11th August 2009 at The Indian Education Society, Manilrao Lotlikar Vidya Sankul, Opposite Lilawati Hospital, Bandra (West), Mumbai 400 050.

The Meeting was chaired by Shri Narendrakumar A. Baldota, Chairman of the Bank and  attended by the members of the Board of Directors. Shri B V R Sarma , C E O welcomed the Board of Directors at the Venue. The AGM was well attended by more than 950 members of the Bank.

Chairman in his address to members welcomed the members on behalf of the Board of Directors and presented the Annual Report with the audited statements of accounts as of March 31st 2009. He presented the Bank’s performance highlights during the year under review.

The Bank’s deposits stood at Rs. 1098 cr. and advances were Rs. 745 cr. Share Capital of Rs. 23 cr. Non-Interest Income Rs. 2.0 cr. Operating Income Rs. 119 cr. Gross NPA less than 4.0% & Net NPA less than 2.0%. The Bank continues to have a very comfortable capital adequacy ratio of 16% as against the minimum prescribed level of 9% by RBI. The Bank has earned a net profit of Rs. 10.46 cr. for the year ended 31st March 2009 and awarded “A” rating by the statutory auditors appointed by RCS. The Bank has declared a dividend of 15% for the Year 2008 - 09.

Chairman also informed the members that the Bank offers various techno based services and the same are enabled through the Core Banking Solution (CBS) implemented by the Bank. Bank provided a wide range of additional services like Demat, Bancassurance, Mutual Fund distribution, PAN card, Foreign Exchange, Lockers, Franking, Utility Bill payment etc.

The Bank has opened its 19th Branch at Vashi and would be shortly opening its 20th branch at Bhandup (W) and plans to open branch at Miraroad.

The meeting was concluded with the vote of thanks by Shri Shekhar Desai, General Manager of the Bank.