Citizen Bank Goa

The Citizen Co-operative Bank Ltd., Goa was promoted in the year 1984 by the leader of masses, late Shri Gajanan Patil, a trade union leader and a then member of the legislative assembly of Goa and Dr. Baban Parulekar with the active support of well known personalities of Vasco namely Shri John Manuel Vaz, Shri Shaikh Mohamed Ahmed, Shri Madhav N. Kamat, Shri Mauvin Godinho, Shri Madhav Dhargalkar, Shri S. G. Hegde, Shri S. K. Dicholkar and others, for the benefit of the economically weaker sections of the society and to help the youth to be self-employed as well as to fund small businesses. The bank's growth was hindered by various restrictions imposed by regulators in the matter of area of operation, opening of Branches, etc.
History:
The Citizen Co-operative Bank Ltd., Goa was promoted in the year 1984 by the leader of masses, late Shri Gajanan Patil, a trade union leader and a then member of the legislative assembly of Goa and Dr. Baban Parulekar with the active support of well known personalities of Vasco namely Shri John Manuel Vaz, Shri Shaikh Mohamed Ahmed, Shri Madhav N. Kamat, Shri Mauvin Godinho, Shri Madhav Dhargalkar, Shri S. G. Hegde, Shri S. K. Dicholkar and others, for the benefit of the economically weaker sections of the society and to help the youth to be self-employed as well as to fund small businesses.
Achievements:
• 1st Non-Scheduled Co-op. Bank in Goa to computerise all Banking operations (TBA) in the year 1997.
• Our Bank is classified as GRADE 1 Bank by RBI.
• Continuous ‘A’ audit classification for last 24 years.
• 1st Non-Scheduled Co-op. Bank in Goa to implement CBS
• All the CBS related modules implemented in a short span of 6 months.
• 1st Non-Scheduled Co-op. Bank in Goa to offer RTGS/NEFT facility.
• 1st Co-op. Bank in Goa to host its Website.
• 1st Co-op. Bank in Goa to strengthen the internal control systems by introducing concurrent audit by Chartered Accountants.