The Deccan Merchants Co-op Bank Ltd., has a history of 92 successful years. The bank has crossed Rs.410 plus crores business in 2009-10 and targets Rs. 500 Crores in financial year 2010-11. The bank is profitable since more than 10 years and confident of improving it further by March 2011. In last financial year, the bank has opened two new branches at Thane & Kharghar. The bank has seeking approval from RBI & State Government to increase its area of operation in all over Maharashtra. The new face that The Deccan Merchants Co-operative Bank has gained owes much to its broad view on product developments across various categories, speedy technology implementation and the successful re-engineering efforts besides greater management vision. Broad initiatives in launching innovative products, enlarging the product basket, value addition to the existing products, revamping of some of the existing products and focus on cost cutting apart from finding sustainable revenue streams ensured a new growth path for the bank.

Today, Centralized Core Banking Solution (CBS) across all branches has enabled the bank to offer speedy collection facility, instant funds transfer facility etc., to the customers and share holders. The bank's Anywhere Banking has given its customers scope for instant transactions in their accounts across the branches of the bank countrywide, the bank has started SMS banking, setup  own ATMs and has planned to tie-up with large ATM network through which, its customer can transact anywhere in India using thousands of ATMs. The bank is opening its new branch at 12th Hadapsar-Pune and plans to add 5 new branches in coming future.

The vision 2015 of the bank is to develop the bank into a much younger & stronger one and a progressive modern bank in the Banking Industry. Technology Adaptation, Innovation and Excellence in execution will be the guiding ways in taking the bank's business to greater heights in near future. With Best Wishes.

Shashikant Abhang
Chief Executive Officer