BHARAT COOPERATIVE BANK MUMBAI LTD List of IFSC Code Branches States
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BHARAT COOPERATIVE BANK MUMBAI LTD State wise list:BHARAT COOPERATIVE BANK MUMBAI LTD has branches in the following state(s) :- Gujarat, Karnataka, Maharashtra.
Bharat Sahakari Bank Limited was established on 21st August 1978. It was inaugurated by the Minister of State for Maharashtra – Hashu Advani.
The kid stood on his feet in his very first year, making a profit of Rs 2,785 on a business mix of Rs 28.61 lakh with a share capital of Rs 6.73 lakh.
The bank grew rapidly and had a network of 5 branches with a business of Rs 82 crore in 1991. The entry of the bank in 1991 was coincided with the dynamic Shri Jaya C Suvarna taking over as the Chairman. The adrenalin rush of teens was so great that the bank became known as the banking industry’s “fastest growing co-operative bank”.
As of 1995, the bank had 11 branches and was doing business of 193.63 crores. The bank shifted its corporate office from the rented premises to the huge owned building at Goregaon.
1996 saw the bank graduate to scheduled bank status, with the RBI including the bank in its second schedule. This was another achievement in the range as Bharat Bank was the youngest bank to get “Scheduled Bank Status”.
In 1997 the RBI and the Central Registrar granted the status of a multi-state co-operative bank and the bank rapidly entered the state of Karnataka in 1998 by opening branches at K H Road, Victoria Road and Indira Nagar branch in Bangalore.
Come August 2003 and Bharat Bank became the “first urban co-operative bank” to successfully implement Core Banking Solution (CBS) offering new features like any branch banking etc.
In 2006 the Billawar Association, Mumbai inaugurated a beautiful and spacious Bilwa Bhawan in Santacruz.
In 2009 Bharat Bank obtained AD-CATEGORY-I license from RBI.
In 2012 the bank launched VISA INTERNATION DEBIT CARD which enabled its customers to use the card at ATMs or shops anywhere in the world.
The bank opened its 50th branch in 2012 at Bantwal, Mangalore.
The bank has set a target to open 100 branches by 2016 and grow manifold in the next few years. To support this ambitious growth plan, the bank needed a strong technical backbone with scalable architecture and chose Finacle – a flagship product from the stables of tech giant Infosys.
August 2014 saw the bank take a giant technology leap. Bharat Bank sees one of the fastest implementation of Finacle v10.2.14
The entire Finacle implementation life-cycle and change management was completely managed by the Bank’s own technology team without the involvement of any consultant/system integrator. This is perhaps another first in the entire banking industry.