Features of PMC Bank

Can you list me some of the good features of PMC or Punjab & Maharashtra Co-operative Bank as I want to it as I am planning to open an account in it?

[Kiran Chandar]

PMC or Punjab & Maharashtra Co-operative Bank is a multi-state scheduled Urban Co-operative Bank with its area of operation in the states of Maharashtra, Delhi, Karnataka, Goa, Gujarat, Andhra Pradesh and Madhya Pradesh.

Awards and Achievements
• It has various successes to its credit.

• All India Bank Depositors’ Association, well known body of the bank depositors, appreciated the Bank in appreciation of “work ethics oriented to depositors’ service” in 1999.

• It has been awarded with ‘Padmabhushan Vasantdada Patil Award’ as the ‘Best Urban Co-operative Bank’ by the Maharashtra State Co-op Banks’ Association Ltd. for nine times.

• It received a ‘Special Jury Award’ from NPCI for the lowest dispute ratio in Co-operative Banking sector and also for the lowest unscheduled down time in 2012.

The following are the Financial Highlights (Rs. in Crores):

March March March
2013 2014 2015

Share Capital 110.73 144.58 187.26
Reserves 378.22 406.77 528.36
Deposits 4,453.14 5,687.33 6,870.32
Advances 3,087.60 3,751.26 4,879.09
Working Capital 5,214.70 6,499.04 7,952.43
Gross Profit 84.42 95.52 136.62
Net Profit before Tax 76.49 89.96 124.50
Net Profit after Tax 50.43 63.55 7 8.09
Capital Adequacy 12.83% 12.54% 12.43%
Net N.P.A.% 0.18% 0.19% 0.45%

Technology Initiatives
The Bank provides a bouquet of tech enabled services.
• Any Branch Banking ( Core Banking Solution)
• ATM – Shared ATM network (member of NFS)
• Electronic Clearance Service (ECS)
• National Electronic Clearing Service (NECS)
• AADHAR Payment Bridge Solutions (APBS)
• Cheque Truncation System (CTS)
• National Electronic Funds Transfer (NEFT)
• Real Time Gross Settlement (RTGS)
• INTERNET Banking
• Mobile Banking (IMPS)
• E – Statement
• SMS Banking
• E- Tax Payment
• Lobby Banking
• Bunch Note Acceptor(BNA) Machine
• Cheque Deposit Machine
• Kiosk Machines
• Self Pass Book Printer
• Digital / E - Signature