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 -
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The Bank has introduced
Franking facility for Document Stamping.
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The Bank has tie-up with
Max New York Life Insurance for life insurance products.
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The Bank was the first to
introduce the new concept of "COUNTER LESS BANKING".
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The Bank is amongst the
first to introduce DEMAT SERVICES in May 1999. It has an active
client base of over 24000.
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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.
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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.
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The Bank is amongst the
first to introduce TOLL FREE PHONE SERVICE at our Administrative Office
- 1800228300.
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The Bank has 14 branches in Mumbai
and one branch in Surat which are fully computerized.
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The Bank has provided ATM
facility at Vile Parle (West), Malad (W), Picket Road (Kalbaddevi) and Mulund
(W) Branch and is in the
process of providing ATM services at one more branch.
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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.
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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". |
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DATA CENTRE : The Bank has
interconnected all its branches with its Data Centre and is offering Core Banking Solution to its customer. |
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REAL TIME GROSS SETTLEMENT (RTGS)
: The Bank is an active member of "Real Time Gross Settlement
System" introduced by the Reserve Bank of India. |
(Rs. in Crores)
