| Year |
Achievements |
| |
|
| 1994 |
Bank was incorporated
under the chairmanship of Mr. Gokul Bakshi. Bank commenced business
from a rented location. Retail banking was the initial activity of
the bank. Focus of strategy was stability, market penetration,
resources build up and steady growth. |
| |
|
| 1995 |
Product development
strategy initiated. Bank started financing small scale industries as
recommended by RBI from Goiporia Committee and Narsimha committee. |
| |
|
| 1996 |
“Customer is a king”
approach initiated concept of information technology were used like
TELE Banking/Remote Banking with the advent of computerized
operations. Offtime banking concept were introduced i.e. evening 6:00
p.m. to 8:00 p.m. were provided for bank’s retail customer to reduce
their Cash risk and continue as on date. |
| |
|
| 1997 |
Branch Expansion Strategy
initiated and bank started its first branch Bhulka Bhavan Branch at
Adajan in August 1997 with in the very next month i.e. Sept.97 bank
had started another Branch at Katargam GIDC. |
| |
|
| 1998 |
Branch Expansion had
continued during the year and 3rd branch was opened in June 98 at
M.G.Road, 4th branch was opened in oct-98 at new sardar market &
5th branch was opened in Dec-98 at bhatar char rasta. |
| |
|
| 1999 |
Bank has taken permission
from RBI to accept the NRI deposits. Introducing “smart cash” – a
smart alternative of cash named as “prime purse”. It is useful at 143
places in the entire Surat area and response encouraging received
from valuable class of people of Surat. |
| |
|
| 2000 |
Bank started with opening
of a new millennium branch at navsari (millennium branch in feb.2000
first bank in south Gujarat to open its out city branch. Bank has
opened another outstation branch at Bharuch in sep-2000, starting to
open D-MAT a/c in November 2000 |
| |
|
| 2004 |
Prime Completed its 10th
anniversary, and introduced schemes like Prime Sarasvatee, Prime
Health Card and Prime Citizen for its valued customers |
| |
|
| 2005 |
Prime joined its hands
with Worlds Number 5 raked Insurance Provider named AVIVA Insurance,
providing Life Insurance and with IFFCO-TOKIO for providing Marine
Insurance and General Insurance to its customers. |
| |
|
| 2006 |
Introduced Schemes like
Loan for Gold in partnership with ICICI Bank. Also opened a Bill
Collection Centre at its Bharuch Branch for collecting Gas Bills of
Gujarat Gas Co. Ltd. To make payment system qicker RBI has launched
RTGS scheme for scheduled bank, Prime has joined hands with Kalupur
Commercial Bank to help its customers to have the advantages of RTGS.
Prime has done a remarkable job as
Baroda District Industrial Co-operative Bank’s merger with Prime
Co-operative Bank, placing its management on its 7 branches, which
has increased area of its working upto Chotta Udaipur in Gujarat just
72 km away from the MP border.
Prime started the process of Franking
on 21st Nov. at Surat & Baroda, whire customers can bring in
their blank papers and convert them to a stamp paper without paying
additional fees. |
| |
|
| 2007 |
Prime has done a remarkable job
as Adajan Nagrik Co-Op. Bank's merger with Prime
Co-operative Bank, placing its management on it, which has increased
area of its working in Surat city.
Prime Bank has started business of Mutual Funds on a
referral basis. Bank has tied with Principal PNB Mutual Fund, UTI,
Benchmark, ICICI Prudential, Reliance, SBI, Lotus, Birla, Kotak,
Sundaram ETC. |
| |
|
| |
Prime Bank has received Category-2 License
to carry out Foreign Exchange Business
Prime Bank had done Hattrick in Merger of week Banks."
| - |
In June 2006 Vadodara's 50 year old bank with its 7 branches, 'Baroda
Industrial Co-Op. Bank.' |
| |
|
| - |
In June 2007 Surat's
'Adajan Nagrik Co-Op. Bank' and |
| |
|
| - |
In June 2008 Nadiad's
38 year old bank with its 3 branches
'United Mercantile
Co-Op. Bank. |
|
| |
|
| 2009 |
Tie-up with Paul Merchants for foreign
inward remittance facility
through Western Union Money Transfer.
Two branches opened on 1-06-2009 – one at Bodeli dist.
Bodeli and another
one at Vyara Dist. Tapi
Fourth merger taken place on 22-09-09. Sanand Urban
Co-op. Bank Ltd.,
Sanand taken into merger. |
| |
|
| 2010 |
Implementation of 100% Core Banking Solutions |
| |
|
| 2011 |
5th merger – The Mercantile Co-op. Bank Ltd.,
Godhra merged with the bank with two branches on 9-07-2011. |
| |
|
| 2012 |
Implementation of Disaster Recovery
Site,
Bardoli Branch. |
| |
|
| 2012 |
Launchig of ATM Card. |
