MOGAVEERA BANK

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mogaveera bank cover story

We are glad to inform you that your bank has bagged the 2nd Prize for best performance for 2009-10 among all Cooperative Banks in Mumbai, in the Rs.300 to 500 crore Working Capital category. The cover photograph bears resemblance to that of a trophy held closely within the Bank’s logo.

The Trophy was awarded by the Brihan Mumbai Nagari Sahakari Banks Association and was given away at a glittering function held on 12th August, 2011 at Kohinoor Hotel, Prabhadevi. The gathering was attended by many leading lights of the Cooperative Banking fraternity including Chairmen, Directors and C.E.O’s of Cooperative Banks in Mumbai. Mr. Kirthiraj K. Salian, Chairman, along with the Directors, and C.E.O received the award on behalf of the Bank. The Award is a recognition of the unstinted support and faith reposed in the bank by all Shareholders/well wishers and the hard toil put in by the Staff & your Board of Directors during the last couple of years. It is the outcome of the initiative taken to put various systems and procedures in place. It is indeed a defining moment for all of us that has placed us at a stage from where there is no looking back. The award has given a new thrust and dimension to our working and is an indication of the better things to come.

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from the chairmans desk

It gives me immense pleasure to present before you the highlights of the Bank’s performance during the fiscal year 2012-13. The Bank has made all-round progress in most of the key financial parameters. The Deposits of the Bank has increased from Rs.485.03 crores to Rs.559.10 crores, an increase of Rs.74.07 crores and a growth of 15.27% over the previous year....

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