- SNGC News
Welcome to Sree Narayana Guru Co-op Bank Ltd
Sree Narayana Guru Co-op. Bank Ltd, promoted by Malayalees in Mumbai was established in the year 2002. It is the one and only Bank in the name of Sree Narayana Guru in the world. The Bank came into existence in Feb-2002 when the Reserve Bank of India granted license to open a branch at Chembur, Mumbai. The Bank is registered under the Maharashtra Co-op. Society Act 1960 and it is popularly known as SNGC Bank.
The Bank started its business operation on 2nd June 2002. During the past 16 years, it has been steadily growing both horizontally and vertically. At present, the area of operation of the Bank is spread over in Mumbai and Thane districts. The Bank has now over Rs.5.28 crs Share Capital with 4777 shareholders of which 90% are Malayalees. It has now 6 branches, one each at Chembur, Bhandup (W), Mulund (W) and Nerul,koparkhairane,CBD Belapur.
The Bank has already crossed the business mix of Rs. 106 crs and the Bank is expecting to touch Rs. 200 crs in 2025. The Bank is operating on sound financial parameters and also strictly adhering to the RBI guidelines and regulations. The Bank is managed by a professional team of Officers and experienced staff under the overall supervision, guidance and control of a dedicated team of Board of Directors led by a Chairman. The Bank has been earning profit right from the very first year.