New India Co-Operative Bank Limited is a fast growing & strong bank with it’s headquartering in Mumbai. The Bank is focused on upgrading and improving the services by optimising the use of the latest technology as well as continuous training of its Management and staff. The bank was founded in Mumbai in 1968 & was renamed as the New India Co-Operative Bank Limited in 1977. Since then the bank has grown into a strong and scheduled multi state bank with a network of branches in various states offering a wide range of services including forex services, trade services, home loans, small business loans and more.

The bank's core focus is to serve the requirements of individuals, small and medium businesses large corporates as well as professionals through a wide array of products such as personal loans, home loans, forex & trade services and large & small business loans that are both competitive and easy to access. The bank is undergoing a radical transformation and is adapting to modern banking technology, as well as best practices in customer products care and services.

The bank has a customer centric ethos and works constantly to ensure customers are satisfied & happy. The bank has a reputation for quick responses. The bank offers many innovative products and services to its customers. New India Co-Operative Bank Limited offers International VISA Debit cards, internet banking, 24X7 banking and a host of other products such as Indian Mutual Fund Investments, Life and General Insurance, home loans, forex services, trade services etc.

Bank History

Bank's endeavours were motivated by a need, a dream and a vision of setting up a financial institution that would contribute to the socio economic progress of workers, small to medium entrepreneurs & their families & communities in which they all live & work. The founding fathers of the bank were inspired by the model of the German Labour Bank - a bank that straddled the divide between workers and businessmen and was one of the largest Bank in Germany serving the needs of businesses, industry and workers successfully.

The bank required capital, premises and management. The founders endeavours struck root after a considerable struggle, in 1968 when they began operations as the Bombay Labour Co operative Bank Ltd., under the aegis of our founding fathers - Shri George Fernandes, an eminent trade unionist and a member of parliament and a Minister, and also Shri Ranjit Bhanu, a noted criminal lawyer, trade unionist and a member of legislative assembly (MLA)

The bank started with 555 members who contributed the original share capital of Rs. 1 lac!.From the very inception their aim was to foster prudent and steady growth and emerge as a strong bank. This they have achieved successfully.

Milestones

During the past four decades of operations the bank has achieved many milestones . These include-