Awards & Achievements

The PMC bank has commenced its operations on 13th February, 1984 with an aim to provide banking services that gives the customer utmost ease and convenience. With a short span of just 16 years, it has achieved SCHEDULED STATUS on 29/01/2000 and is the YOUNGEST CO-OPERATIVE BANK to achieve the status.

The following are the Financial Highlights:

Financial Highlights
(Rs. in Crores)

31/03/2004 31/03/2005 31/03/2006 31/03/2007 Share Capital 21.68 25.75 25.70 28.75 Reserves 73.52 91.13 104.65 116.31 Deposits 1032.64 1082.54 1172.62 1289.52 Advances 670.98 722.99 733.16 928.77 Net NPA (in %) 2.71 4.27 3.82 1.60 Working Capital 1184.55 1279.58 1353.44 1504.19 Net Profit Before Tax 14.41 12.57 11.40 15.39 Net Profit After Tax 14.41 12.57 11.40 11.04 Capital to Risk Assets Ratio (CRAR) 14.43 13.89 13.90 14.38

Audit Class : "A" (Since 1988 - 89)

• Awarded the FIRST prize as Best Bank for the year 2001-02, amongst Urban Co-operative Banks in Mumbai region having Working Capital of Rs.100 crores and above, in the competition held by the 'Brihan Mumbai Nagari Sahakari Banks Association, Mumbai'.
• Felicitated by the 'All India Bank Depositors' Association, Mumbai', for our 'WORK ETHICS ORIENTED TO DEPOSITOR SERVICE'.
• Award for winning FIRST rank for eight years in succession, amongst the Urban Co-operative Banks in mumbai Region, awarded by the 'Maharashtra State Co-operative Banks' Association'.
• RECEIPENT OF BEST URBAN C0-OPERATIVE AWARD FOR CONSECUTIVELY NINE YEARS IN A ROW (awarded by the Maharashtra State Urban Co-operative Banks association)
  1995-1996
  1996-1997
  1997-1998
  1998-1999
  1999-2000
  2000-2001
  2001-2002
  2002-2003
  2003-2004
  
• Receipent of "Yuvak Mudra State Level Co-operative Bank competition 2000" for the year 1999-2000