- The Bombay Catholic Urban Co-operative Society was registered on the May 8, 1920 with the Registrar of Co-operative Societies.
- Converted into a Bank by the Registrar of Co-operative Societies vide Order No. BOM/URB/BOMBAY CATHOLIC R-WARD OF 84 dated October 20, 1984 to carry on the business of banking.
- RBI issued CITIZENCREDIT Co-operative Bank Ltd. a full-fledged banking licence on December 27, 1989 (Lic No. MH1016p).
- In 1989, RBI authorized CITIZENCREDIT Co-operative Bank Ltd to open and maintain Non-Resident External Rupee accounts.
- It was the first co-operative bank to commission and conduct fully - computerized banking operations by 1991.
- CITIZENCREDIT Co-operative Bank Ltd was also the first co-operative bank to be rated by a credit rating agency - CRISIL (Credit Rating Information Services of India Ltd) in January 1995.
- The Bank crossed Rs. 100 crores in deposits in 1994-95.
- Achieved Scheduled Bank status in October 1996, in recognition of continued excellence in performance.
- The Bank was registered under the Multi-State Co-operative Societies Act, by the Central Registrar vide Regn.No.MSCS/CR/75/98 dated January 20,1998.
- Attained Multi-State Co-operative Bank status in January 1998.
- Introduced Full-Fledged Money changing operations in February 1999.
- Commenced the conduct of dematerialisation of shares held in the Bombay Stock Exchange (DeMat), on a fully computerised mode, for customers.
Financial Highlights 2016-17 and 2017-18
(Rs.In Crores) | ||||
2017-2018 | 2016-2017 | |||
No. of Branches | 45 | 42 | ||
Membership | Regular | 14542 | 14469 | |
Paid up Share Capital | 15.22 | 15.25 | ||
Total Reserves & Funds | 351.03 | 335.99 | ||
Working Capital | 3,522.03 | 3354.58 | ||
Business Mix | 4,423.09 | 4410.48 | ||
Gross NPAs | 84.78 | 87.37 | ||
Gross NPAs ratio | 6.26% | 5.88% | ||
Net NPAs | 34.36 | 32.82 | ||
Net NPAs ratio | 2.64% | 2.29% | ||
Provision Coverage Ratio | 59.43% | 62.39% | ||
Return on Assets | 0.52% | 0.67% |