Late Rajratna
Shri Khushaldas Kurji Parekh

The Kapol Co-operative Bank Ltd. was established in the year 1939 by our Founder Late Rajratna Shri Khushaldas Kurji Parekh, an Educationalist, Socialist & Reformist. The Main objective of the Bank is to service the downtrodden and economically weaker sections of the society. The bank is striving towards fulfilling and meeting the above objectives laid down by the Founder.

The Kapol Co-operative Bank Ltd., has maintained its decades' tradition of being the fastest growing Scheduled Co-operative Bank in India. The Business growth is given as under -

Established in 1939

67963 Shareholders

Dividend @ 10%

Fully computerized 15 branches and Departments all interconnected (CORE BANKING). The Winners of "PIONEERS IN CORE BANKING"

Customers over 250000

Audit rating 'A'

Staff 395

The Bank introduced PAN CARD facility

The Bank has tied-up with Corporation Bank e-Tax Payment system

The Bank has introduced Franking facility for Document Stamping.

The Bank has tie-up with Max New York Life Insurance for life insurance products.

The Bank was the first to introduce the new concept of "COUNTER LESS BANKING".

The Bank is amongst the first to introduce DEMAT SERVICES in May 1999. It has an active client base of over 24000.

The Bank achieved "SCHEDULED BANK STATUS" in January, 1998 and "MULTI-STATE" status on 9th August, 2000 with area of operation extended to Ahmedabad and Surat Districts in Gujarat State.

The Bank's Chairman Shri K. D. Vora was elected as the Director of National Federation of Urban Co-operative Banks and Credit Societies Ltd., (NAFCUB) New Delhi with highest number of votes on 16th June, 2000 and has also been elected as Director on the Board of the Maharashtra Urban Co-operative Bank's Federation Ltd. for a term of 5 years from 2002-2003 to 2006-2007.

The Bank has 14 branches in Mumbai and one branch in Surat which are fully computerized.

The Bank has provided ATM facility at Vile Parle (West), Malad (W), Picket Road (Kalbaddevi) and Mulund (W) Branch and Kandivali (W) Branch which are inter-connected and is in the process of providing ATM services at one more branch.

As per the RBI guidelines, the Bank has a Special Audit Committee who reviews the audit reports and the effectiveness of control and compliance with regulatory guidelines.

CORE BANKING SOLUTION : The Bank has established its Core Banking Solution and interconnected all its Branches and ATMs to provide quick & quality services to the customers which facilitates "ANY WHERE AND ANY BRANCH BANKING" and the winners of "PIONEERS IN CORE BANKING" award from Banking Frontier.

DATA CENTRE : The Bank has interconnected all its branches with its Data Centre and is offering Core Banking Solution to its customer.

REAL TIME GROSS SETTLEMENT (RTGS) : The Bank is an active member of "Real Time Gross Settlement System" introduced by the Reserve Bank of India.