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The
CKP Co-op Bank Ltd has attained an important status
in the co-operative banking sector, by crossing various milestones
of quality and standards and by setting new standards of its
own. The bank has attained an envious position in the co-operative
banking field.
It
would be worth mentioning that the Bank's progress and achievements
are related to the last Ten Glorious Years. There has been
steady and gradual progress during this period and the graph
on all the fronts has constantly been maintaining an upward
trend. The CKP Bank is presently catering to the needs of
society through a close network spread all over the cities
of Thane and Mumbai.
While
there has been a sound growth in Share Capital over the last
year the Reserves are up from 29.42 CR to 36.67 CR,
showing the rise of 24.64%. Till date, the deposits
of the bank have touched a level of 535 Crores showing a rise
of 6% over last year. Advances of 397 Crores and productivity
per employee is 4.25 Crores.
The
bank offers highest rate of interest to its depositors
as compared to any other Co-operative Bank.
The
bank is representing an excellent progress which is substantiated
by its ranking in the Economic Survey of Urban Co-operative
Banks. It stood 10th in 2003-04 and was awarded 4th position
in 2004-05 by the same agency. It is also recognised as
the Highest Deposit Mobilizing Bank in Mumbai, which
reflects the strong confidence shown by the depositors in
the Bank.
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