Growing at an unprecedented pace Thane Janta Sahakari Bank (TJSB) inaugurated its 130th branch in Indiranagar, Bengaluru on Monday. Indiranagar is the 3rd branch in Bengaluru and 6th branch in Karnataka State of the leading urban cooperative bank.
Inaugurating the branch, Mr. Nandagopal Menon, Chairman, TJSB Sahakari Bank said, “We are delighted to announce the opening of TJSB Bank’s third branch in the city of Bengaluru taking our network to 6 branches in the State of Karnataka. Apart from offering traditional Banking products, the Bank has always been in the forefront in enabling a host of digital banking channels to increase the facilities and services for its customers, which encompass Internet Banking, SMS Banking, Mobile Banking, Missed Call Banking, Unified Payment Interface (UPI), Bharat Bill Payment System (BBPS), etc .
The Bank is expected to reach a total number of 138 branches by the end of the financial year 2017- 2018, with its strong capital base being the premise of its network expansion. The Bank has also obtained permission to expand its operations in the state of Madhya Pradesh and is soon set to open its first branch in the city of Indore.”
The MD & CEO of the Bank, Mr. Sunil Sathe added, “With a firm focus on cost rationalization, substantial improvement in operational efficiency, stress on our core competency, generation of new and stable revenue streams, and efficient capital deployment, the Bank was successful in achieving the milestone of `100 crores net profit for the third consecutive year.” He also mentioned that along with the Unified Payment Interface (UPI), TJSB has also concentrated on Bharat Bill Payment Services and BHIM application, thus empowering its customers with these most modern banking technologies.
In the financial year 2016-17, TJSB Bank earned a net profit of Rs 102 crores, successfully achieving this milestone for the third consecutive year, with the business mix of TJSB witnessing a growth of 11.42% in the F.Y 16-17 in spite of economic conditions, demonetization and global events having an adverse effect on loans and advances.
Based on trust and quality services, TJSB Bank, established in the year 1972, has been gaining solid ground over the past 46 years. From its humble beginnings in Thane, we are now a leading multistate bank with a network of 129 branches spread across the states of Maharashtra, Karnataka, Goa and Gujarat; powered by our customer centric approach, strong moral values and desire for quality. Always committed to providing our customers with the ultimate wealth of services, we’ve ventured beyond banking into FOREX, Life Insurance, Mutual Funds and Depositories, reads a press release mailed by the UCB.
The bank has been guided on its path of success by a very highly educated Board of Directors headed by the Chairman Mr. C. Nandagopal Menon with Mr. Sunil Sathe the MD & CEO of the bank at the helm of the Operations, reads the release.
