Founded by the Malayalee community in Mumbai, Sree Narayana Guru Co-operative Bank Ltd. was established in 2002. It holds the distinction of being the sole bank bearing the name of Sree Narayana Guru, a revered philosopher, spiritual leader, and social reformer in India.

The bank’s inception in February 2002 followed the grant of a license by the Reserve Bank of India to open its inaugural branch in Chembur, Mumbai. Registered under the Maharashtra Co-operative Society Act of 1960, it is widely recognized and referred to as SNGC Bank.

The bank started its business operations on 2nd June 2002. It has been steadily growing both horizontally and vertically. At present, the area of operation of the bank is spread over Mumbai and Thane districts. The bank now has over Rs.5.88 crs Share Capital with 5080 shareholders, of which 90% are Malayalees. It now has six branches, one each at Chembur, Bhandup (W), Mulund (W), and Nerul, koparkhairane, CBD Belapur.

With a business mix already exceeding Rs. 120 crores, Sree Narayana Guru Co-operative Bank Ltd. anticipates reaching Rs. 200 crores by 2025. Demonstrating robust financial health, the bank adheres strictly to RBI guidelines and regulations while operating. Oversight is provided by a proficient team of officers and experienced staff, guided by a dedicated Board of Directors led by a Chairman. Notably, the bank has maintained profitability since its inaugural year.