Kokan Mercantile Co-operative Bank Ltd. is a leading Multi State Co-operative Bank registered under the Multi State Co-operative Societies Act, 2002.
Although initially the Bank was established in the year 1969 as the Ratnagiri Mercantile Co-operative Credit Society with 105 members and Share Capital of mere Rs. 11200/-.
Thereafter in the year 1973 the Society was converted into Bank under the name of “The Ratnagiri Mercantile Co-operative Bank Ltd.”. Subsequently the Bank’s name was changed to “The Kokan Mercantile Co-op. Bank Ltd.” in the year 1977.
It has passed through various phases and has emerged as one of the leading Co-operative Banks of Mumbai. At present the total number of Bank’s Branches is 25 spread all over Mumbai, Thane, Raigad, Ratnagiri Districts and the State of Goa, fulfilling the needs of people from all walks of life.
Out of the 25 Branches, 21 premises are owned by the Bank thus strengthening its assets base.
Keeping at par with the current market demand, the Bank is offering lucrative interest rates on deposits and has several Term Deposit Schemes, including Recurring Deposit and Daily Deposit Schemes etc. to suit the requirement of the common man. Similarly, the advances are extended under various heads such as - Education Loan, Housing Loan, Business Loan, Vehicle Loan, Loan against pledge of Gold Ornaments at competitive rates and affordable repayment schedule.
The Bank offers the facility of Safe Deposit Lockers at Central Office, Ratnagiri, Khed, Chiplun, Kalyan & Shriwardhan Branches.
The Board of Directors are planning to extend its Branches bases in near future, if permitted by the Reserve Bank of India.
Website developed by
|© Copyright 2007 Kokan Mercantile Co-op Bank Ltd. HOME | CONTACT|