Model Bank Ltd. inaugurates 25th branch at Sakinaka.


Rons Bantwal
Kemmannu News Network, 09-05-2019 18:50:33


Write Comment     |     E-Mail To a Friend     |     Facebook     |     Twitter     |     Print


Model Bank Ltd. inaugurates 25th branch at Sakinaka.

With the inauguration of a series of Branches during the month of March 2019 and May 2019 at Vikhroli, Panvel and Goregaon respectively, Model Co-operative Bank Ltd. opened its 25th Branch at Sakinaka  on 5th May 2019, with provision for ATM service, which will commence shortly. The Branch was inaugurated by Dr. David T. Alvares,         Jt. Commissioner Profession Tax, Mumbai and blessed by Rev. Fr. Samuel Ribeiro, Asst. Parish Priest, St. Anthony Church, Sakinaka.

The Chairman of the Bank, Albert W. D’Souza in his welcome address stated that at present our Bank is having                   24 Branches and this is the 25th Silver Branch which is inaugurated today.  In the month of March 2019 we have inaugurated Branches at Vikhroli and Panvel and on 1st May 2019 inaugurated our Goregaon (W) Branch.   Chairman congratulated the Andheri (E) customers for their support and patronage rendered to the Bank right from the days of the Credit Society, due to which we have opened a Branch at Sakinaka today.  ‘Small is Effective’ and so the customers can avail good & personalized service from the staff in comparison with large Commercial Banks..  The Chairman concluded stating that ‘Service with a Smile’ is our philosophy, and our young, dynamic and enthusiastic staff at Sakinaka led by the Manager Ronald D’Souza are here to serve the customers with a smile.

The Institution has completed 103 years of existence on 26.04.2019 and the Bank has crossed Deposits of                   Rs.1000 crores as on 01.03.2019. The Chairman stated that with Deposits of Rs.1030 crores and advances of Rs.570 crores the Bank has achieved total business of about Rs.1600 crores and the Bank is on the threshold of achieving Scheduled Bank Status, after which, ‘sky is the limit’ for future expansion.  The Chairman thanked the customers for their invaluable support and trust.

The Bank is honoured to be recognized as the top 3 Financially Sound & Well Managed Co-operative Banks in Mumbai by ‘The Brihan Mumbai Nagari Sahakari Banks Association Ltd., Mumbai in the category of Deposits above Rs.300 crores to Rs.1500 crores for the year 2013-14 and 2014 - 15 and 1st Prize for Best Bank among  Co-operative Banks in Mumbai Region in the category of Deposits above Rs.500 crores awarded by the Maharashtra State Co-operative Banks Association Ltd., Mumbai. for the year 2014-15 and the Brihan Mumbai Nagari Sahakari Banks Association Ltd. for the year 2015-16.   The Brihan Mumbai Nagari Sahakari Banks Association Ltd., also awarded the Bank 2nd Prize in the category of Deposits above Rs.500 crores for the  F.Y.2016-17.

The founder Chairman, John D’Silva stated that opening of the 25th Branch is a great achievement for                                Model Co-op. Bank Ltd.  The Bank aims for Skill Development and help young people to become Entrepreneurs.  He further stated that we have opened a Branch at Sakinaka at the request of the people, and urged the citizens of the area to come forward and avail of the various facilities and services provided by the Bank.

Guardian Director, Vincent Mathias stated that ‘Sapling which all the citizens of this area had planted, has now grown and giving fruits’.  He further stated that “we have inaugurated our 25th Branch at Sakinaka, and we are here at the right time.  We need to inspire our youngsters to take up Entrepreneurship, create wealth for themselves and for the Nation”.

Rev.Fr. Samuel Ribeiro, Asst. Parish Priest, St. Anthony Church, Sakinaka in his address, stated that we need to encourage our youngsters to take up Entrepreneurship or Studies in IAS and IPS. He encouraged the gathering to patronize the Bank, and wished the Bank success.

The Chief Guest Dr. David T. Alvares, Jt. Commissioner Profession Tax, Mumbai stated that he was honored to be the Chief Guest for the inauguration ceremony of the 25th Silver Branch of the Bank.   He encouraged the gathering to avail of the services of the Bank and stated that the Bank offers low rate of interest on advances and high rate of interest on deposits

The Bank offers convenient services to its customers with full CBS enabled network and operations and provides services of ATM, SMS Alerts, Personalised Cheque Books, Pan Card, Bharat Bill Payment System, Bancassurance, RTGS / NEFT, E-Tax Payment Facility, Cheque Truncation System, Direct Clearing, Direct Benefit Transfer Scheme (LPG Subsidy), Internet View Facility, Authorised Dealer Category – II – Full Fledged Money Changers (FFMC), NRE Accounts, E-Commerce etc. The Bank offers various Deposit Products. The Bank has been offering spectrum of financial services to different customer segments covering Housing Loans, Vehicle Loans, Educational Loans, Business Loans with the lowest interest rates.

Mr. Subhash Mhatre, Partner of M/s. Suhan Aerosol, presented a Bouquet to the Bank in appreciation of the services provided to him and on the inauguration of our 25th Branch.

A large number of customers, shareholders, well wishers and Bank Officials were present on the occasion.

Directors Paul Nazareth, Lawrence D’Souza, Gerald Cardoza, A. C. Lobo and Marita D’Mello graced the occasion.

William L D’Souza, GM & CEO, Shashi Shetty, Assistant General Manager and Naresh Thakur, Assistant General Manager were also present.

Edward Rasquinha, Manager compered the programme.

The Dignitaries were felicitated with floral tributes.                           

Branch Manager Ronald D’Souza proposed the vote of thanks.

The function concluded with the singing of the National Anthem.

Write your Comments on this Article
Your Name
Native Place / Place of Residence
Your E-mail
Your Comment   You have characters left.
Security Validation
Enter the characters in the image above
    
Disclaimer: Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Kemmannu.com will not be responsible for any defamatory message posted under this article.
Please note that under 66A of the IT Act, sending offensive or menacing messages through electronic communication service and sending false messages to cheat, mislead or deceive people or to cause annoyance to them is punishable. It is obligatory on kemmannu.com to provide the IP address and other details of senders of such comments, to the authority concerned upon request. Hence, sending offensive comments using kemmannu.com will be purely at your own risk, and in no way will Kemmannu.com be held responsible.
Similarly, Kemmannu.com reserves the right to edit / block / delete the messages without notice any content received from readers.




Nirmala Thonse organizes Awareness Campaign agains
View More

Rozaricho Gaanch September IssueRozaricho Gaanch September Issue
Veez Konkani # 96Veez Konkani  # 96
Konkani film ’Benddkar’ premiereKonkani film ’Benddkar’ premiere
Veez Konkani Special Issue on Fr. Mahesh D’SouzaVeez Konkani Special Issue on Fr. Mahesh D’Souza
Congratulations to Joyce Dsouza, KemmannuCongratulations to Joyce Dsouza, Kemmannu
Best Wishes To Ellie Fernandes & Mellisa SaldanhaBest Wishes To Ellie Fernandes & Mellisa Saldanha
2 New Independent Houses for sale near Rice Mill Road, Nejar.2 New Independent Houses for sale near Rice Mill Road, Nejar.
Milarchi Laram - Issue Sep 2019Milarchi Laram - Issue Sep 2019
Milagres Milana 2020Milagres Milana 2020
Booking Open: Nayaab Residency, Court Back Road, UdupiBooking Open: Nayaab Residency, Court Back Road, Udupi
Shops and Flats for sale at Hampankatte, Kemmannu.Shops and Flats for sale at Hampankatte, Kemmannu.
Focus Studio, Near Hotel Kidiyoor, UdupiFocus Studio, Near Hotel Kidiyoor, Udupi
Canara Beach Restaurant, Hoode/Bengre, Udupi.Canara Beach Restaurant, Hoode/Bengre, Udupi.
Delite Catering, SanthekatteDelite Catering, Santhekatte
Canara Beach Restaurant Inaugurated at Bengre, Kemmannu.Canara Beach Restaurant Inaugurated at Bengre, Kemmannu.
Udupi: Congratulations to Raising smiles who won the first place in RED DROP AD- shoot competition..Udupi: Congratulations to Raising smiles who won the first place in RED DROP AD- shoot competition..
Maria TravelsMaria Travels
Welcome to Thonse Naturecure HospitalWelcome to Thonse Naturecure Hospital
Read online Uzvaad:<font color=red> Read online Uzvaad</font color=red>:
Read Online RaknnoRead Online Raknno
Kemmannu Platinum Jubilee Souvenir – Amruth KaanikKemmannu Platinum Jubilee Souvenir – Amruth Kaanik
Udupi TodayUdupi Today
St. Alphonsa of India