Few decades ago, in the vibrant city of Surat, a visionary entrepreneur named Mr. Gokul Bakshi dreamt of a bank that would be more than just a financial institution. He envisioned a bank that would serve every customer, embracing the slogan "YOUR BANK FOR YOU." Thus, Prime Co-operative Bank Ltd. was born.
Mr. Bakshi, the Founder Chairman, had guided the Prime fraternity through their principles and morals, stimulating the bank's growth and development. Prime Co-operative Bank started its journey with a dynamic board and a team of professionals committed to revolutionizing banking. From the very beginning, the bank embraced innovative methods such as tele-banking, remote banking, off-time banking, and more, making it paperless.
Affectionately known as the "Fully Equipped High Tech Banking Super Market" in the South Gujarat area, Prime Bank has been a trendsetter. Its commitment to being a "High-Tech Bank" or the "Banking Supermarket of South Gujarat" is not just a tagline; it's a reflection of the bank's concrete foundation built on business parameters.
Established in Surat on 03/08/1994 and started banking operations from 14-11-1994, Prime Co-Operative Bank has traversed a unique path in banking within a span of 29 years. From day one, the bank earned an audit grade 'A' and set itself apart as a trendsetter in the cooperative banking industry.
The bank's emphasis on high-tech electronic services is unparalleled. Prime Bank is known for publishing its financial results on the 1st of April every year, a testament to its efficiency in electronic operations.
Achievements: Master of Mergers
Mr. Gokul Bakshi, fondly referred to as the "Master of mergers," initiated the first merger in the history of cooperative banking. Prime Bank, under his leadership, absorbed seven weak and sick banks, transforming them into profit centers. These mergers were driven by a vision to protect the savings of small depositors and uphold the cooperative movement's philosophy. These mergers have been instrumental in relieving deposits of over 80,000 small and medium sized depositors, thus saving a huge amount of DICGC, which would have been paid by way of claims.
Our Services: A Banking Supermarket
Prime Bank offers a comprehensive range of services, from traditional banking and other para banking services to forex services. The bank has been a pioneer in launching various products and services in South Gujarat, setting the trend for high-tech, speedy, and customer-centric banking.
