The Greater Bombay Cooperative Bank Limited

RBI has allotted the Indian Financial System Code in short denoted as IFSC codes to all the bank branches in India. IFSC codes are unique 11-digit codes with alphanumeric characters. These codes help the users to ensure that the transferred funds go to the right person account, without any errors.

For example, we can take the IFSC code: "GBCB0000001" - of The Greater Bombay Cooperative Bank Limited branch in New Marine Lines, Mumbai, Maharashtra.

• Here, the first four alphabets, GBCB, indicate the bank name, i.e., The Greater Bombay Cooperative Bank Limited.
• The fifth digit is 0 (zero) - provided for future use.
• The last six digits 000001 - denotes a particular branch of New Marine Lines, Mumbai, Maharashtra.

This IFSC code can be used for online money transactions via NEFT, RTGS and IMPS to any The Greater Bombay Cooperative Bank Limited account or to other bank accounts. According to RBI guidelines, the IFSC code is mandatory for interbank transfers via NEFT and RTGS to any bank in India. This code helps to avoid the risk factor while sending and receiving funds through banks in our country.

Easy way to find The Greater Bombay Cooperative Bank Limited IFSC Code and MICR Code?

The customer can find MICR codes and IFSC codes which are printed on passbook and cheque books/ leaves issued by The Greater Bombay Cooperative Bank Limited. The website of Reserve Bank of India also offers the entire list of IFSC codes required for the account holder. The customers can also enter into the bank's official website.

Customers by clicking the link will lead to another page where four columns are displayed. Customers must feed some bank details like the state in which it is located, the district in which it is located and branch name to get IFSC codes or MICR codes.

The Greater Bombay Cooperative Bank Limited Branch Details

• Maharashtra

ABOUT GREATER BOMBAY COOPERATIVE BANK

• The Greater Bombay Co-operative Bank Limited is popularly known as Greater Bank. It was established on 10 December 1952, with humble beginnings over five decades ago. A small group of philanthropists got together to set up the bank. Though the founders were pursuing interests of their own, they decided to establish the bank with the sole motto of serving the community at large.


• With this end in view, they introduced attractive deposit and lending schemes relevant to the times. The bank made a mark for itself with high quality of service, which primarily induced several customers to the bank. Having achieved the status of a scheduled bank in 1996, The Greater Bombay Co-operative Bank has been making giant strides by attracting customers from the low, middle and upper income strata.


• The bank has achieved distinguished success in co-operative banking sector particularly during the last few years because of its distinct objectives, strategic plan of action, its continuous monitoring and sharing of success with the concerned personnel. Good Corporate Governance and a committed management with the Board of Directors with keen interest in the well-being of the bank has been instrumental in The Greater Bombay Co-operative Bank reaching greater heights.


• The business mix crossed Rs.3,313crore mark during the financial year 2017-18, Deposits stood at Rs.1,944 crore whereas Advances were at Rs.1,369 crore. Total Investments were at Rs.740 crore. Bank's CASA ratio improved to 34.41% FY 2017-18 from 33.07% FY 2016-17. Net Interest Margin (NIM) stood at 3%. The Bank has also maintained a CRAR at 10.42% against the RBI requirement of minimum of 9%.

ADDRESS:
The Greater Bombay Cooperative Bank Limited,
Head Office,
Churchgate Chambers, Ground Floor,
Sir VithaldasThackersey Marg,5,
New Marine Lines , Mumbai - 400020,
Maharashtra, India.
For further details contact:022-61285900
Email:infor@greaterbank.com