Inspired by the lofty ideals for the betterment of the economic and material well being of the civic employees, this institution was registered under the Maharashtra Co-operative Societies Act in the year 1952.  After having obtained a licence from Reserve Bank of India it undertook Banking Business and opened number of branches in Brihan Mumbai with an object to inculcate the habit of banking and thrift in the Municipal employees as also to meet their credit needs & make all types of banking facilities available to its member and depositors, who are not only Municipal Employees but are from general public as well since the Bank is open for all.  
     
 
The highlights of Bank’s Financial position at end of the year
 
 
(Rs. In Crores)
 
 
   
Previous Year
31-03-2017
 Current Year(Audited)
31-03-2018
 

Share Capital

174.24 157.23
 

Reserve and Other Funds

325.40 364.68
 

Deposits

3186.15 3226.02
 

Investments

1433.27 1445.89
 

Loans & Advances

2144.48 2341.53
 

Working Capital

4071.18 4184.77
 

Net Profit Before payment of Income Tax

69.53 80.18
 

Net Profit After payment of Income Tax

43.25 50.68
 

Membership

86452 85439
 

Branches

22
22
 

Dividend Declared

15% 15%
 

Gross N.P.A.

1.72% 1.95%
 

Net N.P.A.

Nil
Nil
 

Capital Adequacy Ratio

12.56 12.52
 

Audit Classification

"A" "A"
       
 
 

 BANK HAS STARTED RTGS/NEFT FACILITY TO CUSTOMERS

 IFSC CODE OF THE BANK IS MUBL0000001

 

 

 

 
     

 

   
All rights reserved