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
31-03-2016
 Current Year(Audited)
31-03-2017
 

Share Capital

166.70 174.24
 

Reserve and Other Funds

289.15 325.40
 

Deposits

2689.86 3186.15
 

Investments

1088.25 1433.27
 

Loans & Advances

1988.56 2144.48
 

Working Capital

3461.16 4071.18
 

Net Profit Before payment of Income Tax

67.27 69.53
 

Net Profit After payment of Income Tax

45.27 43.25
 

Membership

87940 86452
 

Branches

26 22
 

Dividend Declared

15%  
 

Gross N.P.A.

1.54% 1.72%
 

Net N.P.A.

Nil
Nil
 

Capital Adequacy Ratio

14.24 12.56
 

Audit Classification

"A" "A"
       
 
 

 BANK HAS STARTED RTGS/NEFT FACILITY TO CUSTOMERS

 IFSC CODE OF THE BANK IS MUBL0000001

 

 

 

 
     

 

   
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