The Nanded Merchants Co-operative is an Urban Co-operative Bank registerd under the Maharashtra Co-operative societies Act. 1960. (Registration No. NND BNK 102 dt. 14-02-1963)
Licensed under the Banking Regulation Act 1949 (AACS), RBI License No. UBD MH 702. P dated 02-12-1986
Head Office is at M.G Road, Nanded. Six Branches in Nanded city has its own premises
Bank is in “A” Class of audit for “2015-2016”
Bank since inception have elected Board of Directors.
Area of operation-Entire Maharashtra state.
The Nanded Merchants Co-op Bank was awarded as "BEST URBAN CO-OP. BANK 2012-13"
in 100 to 350 crores Deposit Group By The Maharashtra Urban Co-op bank Federation Ltd. Mumbai
The Nanded Merchants Co-op Bank was also awarded as "PADMA BHUSHAN VASANT DADA PATIL BEST URBAN CO-OP. BANK 2012-13"
Bank's value of one share Rs. 1000
As per by laws, for membership saving account with minimum 500 Rs. credit balance is required.
- RBI had given independent Neft/Rtgs code to bank. Code being :- NMB 0763
- Mobile Banking license issued to bank by RBI
- Bank had complied with RBI norms of financial soundness.
- Gross NPA of bank is below 2%.
- Net NPA of bank is 0%.
- CRAR 13.77%
(Amount in Lacs)
Loans to Directors and their relatives - NIL