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  about Bassein Catholic Bank

Bassein Catholic Co-op.Bank Ltd., was established as Credit Co-operative Society – by Rev.Msgr.P.J.Monis on 6th February 1918 with the help of some social activist in Vasai, which has large Christian population.

On 13th March, 1986, the Credit Society was converted into an Urban Co-operative Bank and on 1st December 1990, it was awarded the prestigious status of a Schedule Bank by the Reserve Bank of India. Since then the Bank has grown leaps and bounds registering deposit growth from `65.58 crore in 1990 to `2974.16 crore in 2013 and advances growth of `39.58 crore to `2036.04 crore during the same period. The Bank achieved a net profit of `65.71 crore for the year ended 31st March 2013 and was also successful in reducing gross NPA to 2.53% with net NPA 0%. With the net worth of `491.11 crore the Bank has maintained industry best CRAR of 20.59% as on 31.03.2013.

With the present business mix of more than `5000 crore, the Bank is looking at bigger targets of business mix of more than `10000 crore in couple of years.

The Bank has 86000 active members.

The spectacular performance of the bank, over the years has been duly acknowledged by Co-operative Banking Association/Federations by bestowing the following awards.

1. ‘Sahakar Bhushan’ Award 2013-14 by Maharashtra Government.

2. ‘Pratibimba’ Award 2013-14 for Annual Report by Sahakar Sugandha magazine published by Sahakar Bharti.

3. The Indian Banker magazine given 1st rank to our Bank on the basis of Average Cost of Funds, Return on Assets, CRAR ,and Business per Empolees

4. Banking Frontiers Year 2011 Award for Excellence in Recovery & NPA Management in large Urban Co-Operative Banks Category

5. "The Best Performing Co-op.Bank Award 2008-09. 2nd position from All India, 1st position from MaharashtraState and 4th Highest deposits holding Co-op.Bank in India by INDIAN ACHIEVERS FORUM, New Delhi.

6. 3rd , best Urban Co-op.Bank for the year 2007-08 having deposits above `500.00 crore by The Maharashtra Urban Banks Federation Ltd., Mumbai.

7. The Best Urban Co-op.Bank for the year 2004-05, 2005-06, 2006-07 and 2007-08 by The Maharashtra State Co-operative Bank's Association Ltd., Mumbai.

The Bank has 38 branches with 27 Onsite and 2 Off site ATMs . All the branches operate on CBS.

The Bank is the first co-operative Bank in Vasai region who provides RTGS/NEFT services to its customers. The Bank also provides document franking services, SMS alert ,E-Statement ,Mobile Banking, and multicity cheques facilities to its customers.

The Bank has tied-up with SIDBI for credit link Capital Subsidy (CLCSS) facility to the prospective MSME enterprises wish to avail loan for purchased of Plant and Machinery.

The Bank has sign MOU with CRISIL and SMERA for rating for Units enjoying/Proposed to enjoy credit limit of 25 lacs and above or borrowers intending to avail relaxation in rate of interest.

Through RuPay ATM Card the Bank has established access to more than 100000 ATMs of other banks all over India.

The Bank known for its best customer service enjoys trust and confidence of both its shareholders as well as customers.

The Bank has major share in establishing Cardinal Gracious Hospital, a leading hospital in Vasai and Gonsalo Garcia College in Vasai and numerous other medical, educational and social institutions.

The Bank is led by Mr. Michael Furtado the President, Mr. Christopher Rodrigues - Vice President and Mrs. Brijdina Coutinho - Pricipal General Manager and Mr. Agnello Pen - General Manager and Thus the Bank nurtures and encourages co-operation in true sense among all sections of the society.

Corporate Office Address
Bassein Catholic Bank Ltd.,
Catholic Bank Building,
Papdy Naka,
P.O. Papdy
Vasai 401207