History Of Bank

The late Rao Bahadur A.K. Pai., Member of MCGM school committee, in November 1926, at the school committee meeting, sent a notice to the sub-committee on the need for a bank to be a co-operative credit society or bank for the teachers and school committee employees of the municipality. Committees were registered under the name of Co-op Credit Society. The Bank's main office has been functioning in the Mumbai district of the same building since its inception in December 1932, when the actual work was started on the floor of the Gildar Tank, Municipal Building, Grant Road, Mumbai by two part-time clerks.

Since then the bank has opened Dadar branch on 29th August, 1969, and 53 Years have been completed in that branch. Since then, the bank has opened a second branch in SantaCruz on October 19, 1988 for its members in the suburbs. It was handed over to Chhatrapati Abhayasanharaje Bhosale Ji, a descendent of Chhatrapati Shivaji Maharaj, A great Maratha warrior in 17th Century

Soon on 7 November, 1988 District Co-operative Bank of Mumbai got Bombay clerking and House Sub membership was received and the bank business got an actual boost.

Therefore, for the convenience of the members in the Eastern Suburbs on 31 December 1994, we started Kurla Branch under the guidance of Shri. Devrao Dandavate, Education Officer of MCGM, at that time. Kurla branch has successfully completed 28 Years now.

Therefore, it is important for us to mention the names of the Chairman, Vice-Chairman, Honorary Secretary, Managing Director, and Managers of the Bank since 1932 during the Bank's progress journey.