Gulshan Mercantile Urban Co Operative Bank was established in 1990 with inspiration of Dr. C. K. Jain S/O Lala Gulshan Rai Jain, Prominent Personality of Western UP and is a reputed industrialist. He has been guiding for the growth of bank since its inception. Our first branch start working wef 11 November, 1991 at 45-B, New Mandi, Muzaffarnagar.
Now as on date 30.09.2020, the bank has a network of seven BRANCHES and one VISTAR PATAL.
The Road Map of seven branch of Gulshan Bank and one Vistar Patal are as:
|
SR NO.
|
DATE OF ESTABLISHMENT
|
BRANCH
|
|
1
|
NOV 11, 1991
|
NEW MANDI
|
|
2
|
SEPT 20, 1993
|
S.D. MARKET
|
|
3
|
JULY 09, 1996
|
BHAGHAT SINGH ROAD
|
|
4
|
MARCH 08, 1997
|
KHATAULI
|
|
5
|
MARCH 27, 1997
|
SHAMLI
|
|
6
|
MARCH 15, 2001
|
JANSATH
|
|
7
|
MARCH 22, 2001
|
BUDHANA
|
|
8
|
AUGUST 15, 2018
|
VISTAR PATAL
|
Soon ATM is coming.
The bank’s brand image & trust reposed by its customers have been reflected with growing customer base & rising business graph of the bank.
Elected Board of Members:-
|
SR NO.
|
NAME
|
POSITION
|
|
|
1
|
Dr CHANDRA KUMAR JAIN
|
CHAIRPERSON
|
|
|
2
|
ADITI PASARI
|
VICE CHAIRPERSON
|
|
|
3
|
SUNEEL KUMAR GARG
|
DIRECTOR
|
|
|
4
|
LAL BAHADUR JAIN
|
DIRECTOR
|
|
|
5
|
MOHAN LAL BANSAL
|
DIRECTOR
|
|
|
6
|
KRISHAN PAL SINGH
|
DIRECTOR
|
|
|
7
|
PRABHAT KUMAR KAMBOJ
|
DIRECTOR
|
|
|
8
|
PIYUSH DUTT
|
DIRECTOR
|
|
|
9
|
ARUN PRAKASH GARG
|
DIRECTOR
|
|
|
10
|
RAJEEV SINGHAL
|
DIRECTOR
|
|
|
11
|
MOHD SAHID
|
DIRECTOR
|
|
|
12
|
ASHWANI KUMAR VATS
|
DIRECTOR
|
|
Business Performance:-
|
Sr No.
|
Particular
|
31/03/2016
|
31/03/2017
|
31/03/2018
|
31/12/2018
|
|
1
|
Authorised Capital
|
5 Crore
|
5 Crore
|
5 Crore
|
5 Crore
|
|
2.
|
Paid up Capital
|
158.66
|
180.71
|
197.71
|
213.24
|
|
3.
|
Reserves and Funds
|
820.65
|
863.11
|
895.84
|
1020.43
|
|
4.
|
No. of Depositor
|
25022
|
26666
|
27314
|
29588
|
|
5.
|
Amount of Deposit
|
13889.88
|
15728.86
|
16782.77
|
17810.24
|
|
5 a.
|
CASA
|
4131.44
|
5517.07
|
5605.41
|
5682.22
|
|
5 b.
|
Term Deposit
|
9758.44
|
10211.79
|
11177.36
|
12128.02
|
|
6.
|
No. of Loanee
|
1381
|
1566
|
1929
|
2359
|
|
7.
|
Amt of Loan and advance
|
4500.08
|
5343.94
|
5475.18
|
6746.24
|
|
8.
|
Investment
|
9417.34
|
10240.87
|
10729.98
|
11294.83
|
|
9.
|
Net Profit (Lac)
|
57.90
|
64.43
|
86.19
|
111.05
|
|
10.
|
Gross N.P.A. (Lac)
|
44.19
|
36.66
|
46.79
|
39.73
|
|
11.
|
Gross N.P.A. (%)
|
0.98
|
0.69
|
0.85
|
0.59
|
|
12.
|
Net N.P.A. (Lac)
|
15.50
|
2.97
|
8.10
|
0
|
|
13.
|
Net N.P.A (%)
|
0.34
|
0.06
|
0.15
|
0
|
|
14.
|
CD Ratio (%)
|
32.40
|
33.98
|
32.62
|
37.88
|
|
15.
|
CRAR (%)
|
19.25
|
19.28
|
18.30
|
17.28
|
People Development:-
The bank believes that people development matters more now than ever before to drive profitability through growth. The Bank took various initiatives in human resources development by keeping employee morale high through the inclusion of employees voice in various forums.
Financial Inclusion:-
Our bank provides Financial products and services needed by vulnerable groups such as weaker sections and low income groups at an affordable cost in a fair and transparent manner by cost in a fair and transparent manner by mainstream Institutional players.
Financial services provided as follows:
- Pradhan Mantri Jeevan Jyoti Beema Yojna
- Pradhan Mantri Suraksha Beema Yojna
- Remittances- Money Transfer Facilities
- Micro Insurance
Services:-