The Mogaveera Co-operative Bank was established in the year 1946. The Bank was inaugurated on 18th March, 1946 by Mr. Vaikuntalal Mehta, then Finance Minister of Government of Mumbai who was considered to be father of Co-operative Banking.
The Bank promoted by the Mogaveera Vyavasthapaka Mandali became very popular among all communities & sections of society. The Bank has its branches in the heart of the Mumbai city and is easily accessible to all. The Bank, in its endeavour to serve the salary earners, small businessmen, professionals, self employed persons, small scale industries has always been in the forefront to reach its goal. The Bank offers Home Loans, Home Renovation/Improvement Loans, Mortgage Loans/Overdrafts, Gold Loans, Loan/Overdraft against Tangible Securities/Govt. Securities/Insurance Policies, Vehicle loans, Business loans, etc.
Technology in the Banking sector is playing a dominant role in driving down costs, building efficiency & working as an enabler to make available the best possible services to the customer. The Bank has kept pace with the fast growing changes in technology & has been quick to introduce value added services like ATM’s, RTGS facility & SMS alerts. Also on the anvil are services like Demat Services, Net/Mobile Banking. In order to give ATM facility to all our customers at all our branches. The bank has tied up with ICICI Bank to launch the Rupay Card which is a domestic card like VISA or MASTER CARD & gives our customers access to more than One Lac ATM’s across the country.
Today, the Bank is considered to be one of the leading Co-operative Banks in the city of Mumbai with a business mix of Rs. 1000 Crores. It has 11 Branches across Mumbai & Thane.
With the advent of the new Management & Board of Directors, the bank plans to open more branches with automatized systems to make more customer friendly processes. The Bank has an ambitious plan to reach a business mix of Rs. 5000 Crores in the next 5 years & be among the top 25 Co-operative Banks in India & also aspires to be a Multi State Bank.
The Logo is the face of a Bank which not only defines its distinct identity and gives it a strong recall value but also assures people of its reliability. We realized this and hence decided to go in for a rebranding exercise in the year 2009 which saw us develop this new identity which is new-age yet traditional.
Established in 1946, The Mogaveera Co-operative Bank has carved a niche for itself with its prompt service, high levels of trust and competitive spirit. The new identity of the Bank in the form of the new logo reflects the very spirit it stands for. The shape of the logo resembles a fish and also a blooming flower bud. The symbol of fish was chosen as it represents a symbol that is held close to the hearts of our pre-dominant customers/shareholders from the fisherman community. On the other hand, the flower bud signifies the beginning of a fresh journey for the Bank.
The two curves on the sides of the logo reassure the fact that your money is in safe hands. The colours used in the logo are bright and convey a welcoming appeal instantly. The green colour in the logo signifies the wealth which people have trusted with The Mogaveera Bank since ages whereas red colour lends an assertive, global and impactful character to the identity.
We are confident that this new, vibrant logo that marks an auspicious beginning to a new era of banking for The Mogaveera Co-operative Bank Ltd., and would help us scale new heights of success.