Naroda Nagrik Co - Op. Bank Ltd., Memnagar, Ahmedabad

In the year 1969 a few leading personalities of Naroda Town thought that in order to augment the Deposits from the individuals and small businessmen of the town and in turn to utilize the same towards the upliftment of the common men and small borrowers by way of granting need base credit with the intention to improve their standard of living, we should start a co operative Bank at Naroda. The other local people of Naroda also felt that in order to have substantial return on their deposits and further to financially help the needy persons, small borrowers and S.S.I units, we should have our own co operative Bank in the Town. The said idea was subsequently materialized in the year 1971 and the Naroda Nagrik Cooperative Bank ltd was established in the same year.

 The local people and businessmen became the share holders of the bank and gave full support. The premises were acquired on the rental basis and the Bank started functioning since Jan 1971. The well known personalities of Naroda Shri Mohanbhai Shankerbhai Patel was selected the first Chairman of the Bank and Shri Prahladbhai Kashidas Patel was selected as Managing Director. Since then the Bank made considerable progress and at present the bank is considered as one of the leading cooperative bank of Ahmedabad.The founder Chairman & Managing Director gave their honorary services and worked very hard for the Banks development.




Naroda Nagrik Co - Op. Bank Ltd. is a Co-operative Bank, established in 1971 and having 5 branches in Ahmedabad City. 



All the branches located in very prominent business or residential areas.All branches of the Bank are fully computerized since 1971 and now connected with Core Banking System.



The Board of Directors of the Bank includes very prominent Professionals, businessmen, Industrialist, Social Worker and leading citizens. The Chairman, Managing Director and all Board of Directors are giving honorary services to the Bank. Customers of the Bank includes Manufacturers, Wholesalers, Traders and retailers dealing in textiles, chemicals, machine tools, plastics, cars, papers, computers, jewelers etc.



Advances against private and commercial vehicles are given to large number of customers. Professionals such as doctors, Lawyers, Chartered Accountants, entrepreneurs receive special encouragement from the Bank for staring small business or industry.



The Bank gives loans against gold ornaments and govt. securities like (NSC,KVP,Life Insurance Policy) also. The Bank is giving various facilities as Stamp Franking, RTGS etc at various Branches.