Tenth Branch of Model Co-Operative Bank Inaugurated at Mahim

Report and Pics from Rons Bantwal
Daijiworld Media Network – Mumbai (RD/SP)
Mumbai, Jun 12:
Our country achieved the milestone of becoming free economy from the year 1990. It is commendable that a co-operative Bank that was founded in the metro by the Mangaloreans here, will be completing a century of existence within a few years.  Although India is a favourite destination for foreign investment, the service of the south Indians to the banking sector is of much significance.  Winning over and retaining customers’ trust is essential for any financial institution to flourish in this highly competitive era, opined metro’s divisional registrar of cooperative societies Mahendra Kalyankar.
Mahendra Kalyankar was speaking at the inaugural of the newly opened tenth branch of Model Co-Operative Bank, which is located in Karambhoomi Building, near the St Michael’s Church, Mahim (West), here on Friday June 12 morning.

Auxiliary Bishop Bosco Penha blessed the new premises by lighting the lamp. 
Speaking on the occasion, Bishop Bosco Penha said that the success of any financial institution is assured, when it succeeds in winning over customers’ loyalty and provides efficient services.  The banking services extended to weaker sections of the society to improve their economic conditions, would also increase the customers portfolio, which in turn bring profits to the financial institutions.  Model Co-Operative Bank has carved out a niche for itself because of the foresight and ambitions of its founders and all those who led the Bank since many years, he lauded. 
Bank chairman Albert D’Souza said that the Bank aims to provide quality services to its valued customers. The customers’ satisfaction brings happiness to the Bank authorities, he noted.   The Bank has nine branches across the metro and Thane district while the tenth one has been opened for business at Mahim, here.  The Bank has its registered office located at Fort and administrative office at Kalina, Santacruz (East), here.  The Bank has working capital of Rs 300 crore with more than 15,000 shareholders and share capital of Rs 10 crore, he said. 
On the occasion, Bank chairman Albert D’Souza also announced that the Bank will open two more branches shortly for the convenience of customers.
Bank’s former chairman John D’Silva, deputy chairman Prof A P D’Souza, directors Vincent Mathias, Prem Aranha, Lazarus Menezes, Paul Nazareth, Philip Pinto, William Sequeira, Marita D’Mello, Prakash Fernandes, Bank chief general manager Frank Louis, deputy general manager William D’Souza, Citizens Credit Co-Operative Bank chief executive officer Dr Fredrick J D’Souza, Gladys J D’Silva, entrepreneur Victor D’Cunha, lawyers Pius Vaz and Janevive P Vaz, branch manager Anil N Menezes, Cedric Pereira, Bank shareholders, officers, customers and well wishers, were present on the occasion.


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Comment on this article

  • Mr. Louis Pathare, Vasai

    Tue, May 13 2014


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  • Ambrose G. Lobo, Malad west, mumbai

    Tue, Sep 13 2011

    Bank is doing yeomen service to south indian people. I am a shareholder of the and have account at Malad west branch. It would have been better giving full address with telephone numbers and email addresses of various branches in Mumbai for facilitating contact with the branches concerned.

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