Top League : B. Catholic Co-op Bank among top 10 UCBs

Posting a gargantuan business mix of over Rs. 10 thousand crore in the fiscal 2017-18, Maharashtra’s 100 years old Bassein Catholic Cooperative Bank is suddenly in the same league as the country’s top 10 urban cooperative banks. There are about 1500 UCBs in India.

“In financial year 2016-17, the bank’s total business was about Rs 9 thousand crore but this time we are able to cross the Rs 10 thousand crore mark”, said an euphoric Yuri Gonslaves, the Bank Vice Chairman to this correspondent.

”The bank’s Gross NPA has reduced from 4.36 percent to 3.5 percent. We were able to recover the loans in the last fY and this greatly helped the bank reduce its NPA”, he underlined.

Recently, the bank organized an appreciation event in its headquarters for officials as well as employees in general thanking them for their efforts and hard work in ensuring the success of the bank, Gonslaves said.

On this occasion, the bank Chairman Onil Almeida, the Bank CEO Brijdina Coutinho and senior employees were present.

Meanwhile, the bank has expressed its resolve to achieve a business mix of Rs 20 thousand crore by 2022.

Readers would recall that the bank which is 1ooth year old is planning to conclude its celebrations with a grand finale to be inaugurated by Maharashtra CM Devendra Fadnavis soon.

The Bassein Catholic Cooperative Bank was established by a social reformer P.J.Monis, Christian missionery on 6 February 1918 in Vasai, The bank has a network of about 58 branches. It earned a net profit of Rs 75 crore in the financial year 2016-17.

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Comments ( 8 )

  1. William Correia

    Congratulations to all the person who giving their best to the BCCB Bank In past or presents Chairmen, Vice Chairmen, CEO , GM and all Staffmembers, Shareholders??
    And Best Wishes For Increase The Business 11 K Crore??

  2. Anonymous

    Congratulations…Very nice achievements ?…….

  3. Subhashchandra G Sawant

    Great !!! Congratulations to all Directors, office bearers and all staff members of bank. Our bank is really great and gives opportunities to all types of business. It’s great help to all.
    Thanks and once again congrats to all of you !!!!!!

  4. Anonymous

    Congratulations…

  5. Greta .A . Carvalho.

    Congratulations to our vasaikars for d first Bank. BCCB completing 100yrs.The Director ,the staff past n present ,the share holders n increase in 10,000 crores n best wishes for forth coming years.congrats once again from me n my family.

  6. Ravi Menon

    This is indeed a proud moment for every Vasaikar to know that BCCB is among the top league. In these tough times the bank has managed to sail successfully to achieve the landmark. We wish the very best.

  7. Anonymous

    Congratulations

  8. Satyanarayana Gidugu

    Great !!! Congratulations to all Directors , Executive management and all staff members of the bank on this great occasion

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