Kokan Mercantile Co-operative Bank Ltd is a multi-state cooperative bank mainly known as Kokan Bank, has been serving the community for the past fifty years in the entire Kokan region (Western Maharashtra) with 25 branches spread across in Greater Mumbai, Thane, Raigad, Ratnagiri and State of Goa.
Established in 1969 as a cooperative credit society by a small group intellectuals and local businessmen as the Ratnagiri Mercantile Co-operative Credit Society with 105 members and Share Capital of mere Rs.11,200, has grown over the years into a Rs.1,000 Crores business entity in 2018. With the vision of its founders and passage of time, the operations of the bank widen in the entire Kokan region, and hence the name of the banks was changed as “The Kokan Mercantile Co-op. Bank Ltd.” in the year 1977.
The Bank has played an important role in catering to all the financial and banking business needs of its customers. The main important motive of the bank is service, upliftment and economic growth of the region and its people.
Owing to its financial stability and committed to the growth, the bank has been accredited with “A Class” audit certifications.
Today the Bank is having branches at prominent locations at Mumbai viz. Mazgaon, Mandvi, Kurla, Govandi, Jogeshwari and Thane District viz. Thane, Kausa (Mumbra), Mira Road, Kalyan, also at Vashi and Nerul in Navi Mumbai. It has connected almost all parts of Raigad and Ratnagiri Districts also including Panjim in the State of Goa.
The Board of Directors are always committed to the growth and are planning to extend its branches bases in near future, if permitted by the Reserve Bank of India.
It is proud moment for the Bank for receiving three awards from different institutes, for the year 2017 – 2018 as detailed below :
1. 2nd Best Bank for deposit of Rs.350 crore to Rs.600 crore category by the Maharashtra Urban Co-operative Banks Federation Ltd., Mumbai.
2. 2nd Best Bank on our Bank for deposit of Rs.501 crore to Rs.2000 crore category by the Brihan Mumbai Nagri Sahakari Banks Association Ltd., Mumbai.
3. Banco Blue Ribbon 2018 Award to the Bank in All India Urban Banks Category with a Deposit between 500 to 625 crore by Avies Publication, Kolhapur.
Harbour Crest, Mazgaon T.T., Mumbai - 400 010.
+91-22 2372 3753, 2372 9969, 2637 9971, 2373 4202, 2373 4311