Model Co-operative rated top 3 financially sound, well managed banks


News & Pics: Rons Bantwal
Daijiworld Media Network-Mumbai

Mumbai, Sep 22: Model Co-operative Bank Ltd was rated among the top three financially sound and well managed banks in Mumbai by ‘The Brihan Mumbai Nagari Sahakari Banks Association Ltd, Mumbai.

The Brihan Mumbai Nagari Sahakari Banks Association Ltd, Mumbai (an Association of Co-operative Banks) at their 38th Annual General Meeting and awards function, honoured Model Co-operative Bank Ltd to be among the top three Financially sound and well managed banks in Mumbai for the year 2014– 15 (in the category of Deposits above Rs 300 crores to Rs1500 crores).

The function was held on Wednesday, September 21 at Kohinoor Hall, Prabhadevi and was attended by senior management and directors from Co-operative Banks. This Award is another milestone for Model Co-operative Bank Ltd.

The association president Dattaram Chalke presented the award to Model Co-operative Bank Ltd chairman Albert W D’Souza, vice chairman William J. Sequeira, directors Vincent Mathias, Paul Nazareth and general manger & CEO William L D’Souza.

The Bank has its roots in the Mangalorean Catholic Co-operative Credit Society Ltd., which was registered on April 26, 1916.  The Bank had celebrated 100 years of its foundation on April 26 2016 and is proud to receive this award in recognition of its excellent services. The Bank is constantly riding the path of progress. 

The chairman, Albert W D’Souza and board of directors have extended their gratitude to all the shareholders, customers, well wishers and staff of the Bank.

  

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Comment on this article

  • Ambrose D'Mello, Pangala/Mumbai

    Fri, Sep 23 2016

    From a modest Mangalorean Society to become a fast developing Model Bank is indeed a great achievement. All the best.

    DisAgree Agree [6] Reply Report Abuse

  • Stany Dsouza, Mumbai / Miyyar

    Fri, Sep 23 2016

    It is indeed a great news. Congratulations Model Bank and team. We Mangaloreans are proud of you Model Bank. Keep it up.

    DisAgree Agree [6] Reply Report Abuse


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