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The Malad Nagarik Sahakari Pat Pedhi Ltd. was started in 1968 by the following persons residing in Malad (West) with initial contribution of Rs.10.00 per month. It was started with a view to cater to the need of lower middle class people of the society. The office of the society was operated from the residence of Dr. Wakankar, Mamlatar Wadi, Malad (West) and then shifted to a garage at Liberty Garden and subsequently shifted to Yamuna Building, Malad (East). The Credit Co.Op.Society was subsequently converted into "THE MALAD SAHAKARI BANK LTD" in 1975-76 and started functioning on the auspicious day of Gudi Padva. i.e. 31st March, 1976. Shri Devchand Sheth, leading businessman in Malad inaugurated Bank in the Programme conducted at "SARAF MATRU MANDIR HALL" Malad (East). Other dignitaries were Dr. Shri Shreemal, the then Managing Director of Maharashtra State Co.Op.Bank Ltd. Mumbai and Dr. Mohanbhai Patel, Industrialist. The Bank was headed by the following eminent Directors
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Conveniently located customer touch points – Branches, Business Correspondents and ATM network
Less crowded branches and prompt service
Agents network which delivers banking services to the doorstep of the customer – instant credit to the account/ issue of receipts through online devices
Extended banking hours up to 6.00 p.m.- convenient to transact business in the late hours also;Young and energetic workforce with average age of 36 years
Service with local flavour – close to the heart of the customers through personalised service and Relationship Management.
Capital Adequacy ratio of 21.25% (as at March 2019)
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The Enhanced Mobile Banking App From Malad Bank
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