TJSB Sahakari Bank Opens Two New Branches, in Two States, in a Span of Three Days

THANE, India, July 26, 2017 /PRNewswire/ --

TJSB Sahakari Bank opened two new branches in Maharashtra and Gujarat taking its network to 129 branches across the four States of Maharashtra, Goa, Karnataka and Gujarat.

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The bank emphasized its presence in Pune by opening its 24th branch in the Pimple Gurav area and further strengthened its base in Gujarat by opening its 3rd branch in the city of Surat taking the count to 11 branches in the state of Gujarat.

The bank is expected to reach a total number of 138 branches by the end of the financial year 2017-2018, with its strong capital base being the premise of its network expansion. The bank has also obtained permission to expand its operations in the state of Madhya Pradesh and is soon set to open its first branch in the city of Indore.

In the financial year 2016-17, TJSB Bank earned a net profit of INR 102 crores, successfully achieving this milestone for the third consecutive year, with the business mix of TJSB witnessing a growth of 11.42% in the FY 16-17 in spite of economic conditions, demonetization and global events having an adverse effect on loans and advances.

Apart from offering traditional banking products, the bank has always been at the forefront in enabling a host of digital banking channels to increase the facilities and services for its customers, which encompass Internet Banking, SMS Banking, Mobile Banking, Missed Call Banking, Unified Payment Interface (UPI), Bharat Bill Payment System (BBPS), USSD( *99#), etc.

Journey 2016-2017: At a Glance 

• Opening of 12 new branches across 4 states
• Inked in tie-ups with LIC, ICICI Lombard, New India Assurance, Religare for providing bancassurance services
• Implemented the Centralised KYC (CKYC-R) system for customers
• ASBA facility initiated for customers ensured that they could invest in IPO of companies without losing interest on their money
• Enabling pan-India electronic payment facility with the help of Corporate Salary and Pension Credit facility and NACH.

About TJSB Sahakari Bank Ltd. 

Based on trust and quality services, TJSB Bank, established in the year 1972, has been gaining solid ground over the past 46 years. From its humble beginnings in Thane, we are now a leading multi-state bank with a network of 129 branches spread across the states of Maharashtra, Karnataka, Goa and Gujarat; powered by our customer-centric approach, strong moral values and desire for quality. Always committed to providing our customers with the ultimate wealth of services, we've ventured beyond banking into FOREX, Life Insurance, Mutual Funds and Depositories.

The bank has been guided on its path of success by a very highly educated Board of Directors headed by the Chairman Mr. C. Nandagopal Menon with Mr. Sunil Sathe the MD & CEO of the bank at the helm of the Operations.

For more information please visit http://www.tjsbbank.co.in.

Contact:
Kishor Juvekar
E: [email protected]
T: 022-25838596
M: +91-8691062793

Rekha Arya
E: [email protected]
T: 022-25838716
M: +91-8291819172
TJSB Sahakari Bank Ltd.