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HISTORY OF THE COMMERCIAL CO-OP. BANK LTD. - JAMNAGAR
- The Commercial Co-Op. Bank Ltd. - Jamnagar was established on 24-03-1971 under the strong effective leadership of board with the intention to help trading community specifically the small trader of Jamnagar.
- The Commercial Co-Op. Bank Ltd. - Jamnagar registered with banking license No GJ771P on 18-12-1986. The bank is enjoying the "NON SCHEDULED BANK" status since 1971 and bank has awarded with "A" class of audit by the Government Of Gujarat.
Here are some features of the bank which signifies its greatness in its tremendous achievement.
⭢ Most Convenient Bank Timings
⭢ Audit Classification "A"
⭢ Net N.P.A. 0% - The local intensity of the bank is its customer centric approach, hassle free execution of the decision & technologies are their main difference from the other co-operative banks. Also high level of commitment at all levels of management & self committed staff makes the bank different from other co-operative banks.
- At present The Commercial Co-Op. Bank Ltd. - Jamnagar has achieved a key position in the co-operative banking sector at Jamnagar District. It is a bank having advance technologies and educated staff, as it is said that "In the emerging competitive business environment Co-Operative banks who ahdere to strict financial discipline - Only will survive." On this basis at present COCO bank is becoming more prestigious in the banking sector.
- The financial results prove its constant growth, which can be measured out with the profit figures and allocation of it. The balance of Advances and Deposits, investment in Government Securities and approved bonds to maintain the CRR and SLR according to the RBI guidelines, ever growing numbers of membership, share capital / own funds / reserves and surplus, which have tremendously increased. Asset-Liability management, flat rate of dividend since so many years represents its equivalent growth.