Mumbai based Zoroastrian Co-operative Bank Limited has elected its new Board of Directors unopposed for a five-year term beginning April 2026, marking a smooth leadership transition ahead of its centenary year in June.
Veteran banker Homa D. Petit has been elected Chairman, bringing over four decades of experience with the bank along with a strong legal background.
Percy B. Chhapgar has taken charge as Vice Chairman; he is widely regarded for his expertise in taxation and corporate affairs and has previously served as Chairman of the Board of Management.
The newly elected board comprises professionals from diverse fields including law, finance, banking, and education, reflecting a strong governance structure. The unopposed election follows compliance with provisions of the Multi-State Co-operative Societies Act, 2002, under which directors completing ten years did not seek re-election.
Outgoing Chairman Yazdi B. Tantra congratulated the new team and thanked members, customers, and staff for their continued support during his tenure.
The bank enters its 100th year with robust financials, including a CRAR of 19.97%, near-zero NPAs, and consistent profitability. Backed by strong technology platforms and customer-focused loan products, the new board is set to drive the bank’s next phase of growth.