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Introduction of the Bank


A total of 26 branches plus a service branch that equals to 27 branches are present at this moment. There are branches shortly opening at Sangali, Malegaon, Aurangabad, Kolhapur, Bandra – Mumbai, Kalyan etc.

Proper and adequate steps have been taken by the bank management for getting status of multi state bank. The initial share capital was Rs 2665/-, and there were only 25 members.

Nominal Members – 5000

Total Depositors – 2,00,000

A total of 10;000 members avail the loan facility i.e. 30%

Total Investment – Rs 210 crores

The bank is run by AWAMI MAHAZ Social organization, which is headed by Mr. P.A. Inamdar.

The bank participates in social events like Chhatrapati Shivaji Maharaj Jayanti, Bharat Ratna, Dr. Babasaheb Ambedkar Jayanti, Marathi Sahitya Sammelan, Pune Ganesh Festival, etc

Educational Field – Formed Golden Jubilee Education Trust 27 years ago. Today more than 500 students are getting technical education at said institute. Till now more than thousand students passed and got jobs in various fields or they are doing their own business.

The CRAR is 25.34% whereas minimum required is 9%

Bank has been honoured NABARD. NABARD, last year sent a 15 members Malaysian Delegate, to the bank, to show them how perfect and admirable bank management run by the bank.

The complete staff is graduates or post graduates. Even the peons are graduates or under graduates. The bank offers best salary to staff members in co-operative banks field. Every alternate year there is a picnic organized for all the staff members. The Muslim Bank is the only bank which has sent all its staff members to New Delhi and Kashmir by flight for enjoyment. The bank provides school facility for the staff children and even provides financial assistance for medical treatment for staff members and their family members. Subsidy given to staff members for the purchase of computers and laptops.

CORE BANKING FACILITY,ATM,RTGS,NEFT,IMPS,Mobile App has already been started . Prominent personalities like UPA Chairperson Sonia Gandhi, Ex vice President late Mr. K.B. Hidyatulla, Ex Union Cabinet Minister Mr. Sharad Pawar, Ex Union Cabinet Minister Mr. Vilasrao Deshmukh, Ex Union Minister Shri Sushil Kumar Shinde and Ex State Deputy Chief Minister Shri Ajit Pawar, etc visited our bank.

The bank is keen on providing loan facility to lower middle class for the purchase of auto rickshaw, hypo goods loan facility for small traders. Housing/shop loan, consumer durables, education loan facilityfor educational institutes, big business houses i.e. builders, IT sector, etc.

The Muslim Co-operative Bank Limited , Pune

  • Date of Establishment 25 MAY 1931
  • Founder Member Ramzan Umer Shaikh & Abdul Kadar Ebrahimjee
  • License as Banking institute by RBI 18 November 1984
  • Now total branches 26 Plus Service branch = 27
  • Initial share capital Rs.2665/- And members were 25 only
  • Total share holders 30,000
  • Total Advances share holders Rs.320 crores
  • Total depositors 2,00,000