Zoroastrian Bank Marches On
In November 2013, The Zoroastrian Co-operative Bank Ltd. achieved the status of a Multi- State Scheduled Co-operative Bank and its area of operations now stands extended to the whole of Surat District, Bharuch, Baroda, Anand, Nadiad, Ahmedabad, Navsari and Valsad in the State of Gujarat. Over the years it has built up a brand loyalty amongst its customers and is known asThe Bank that is Big on Tradition and Trust.

Under the stewardship of its Chairperson, ably supported by the illustrious Members on its Board of Directors, the financial results reflected make interesting reading. From humble beginnings in 1927, the Bank maintained a low profile in the community of Bankers until 1993, and since then the Bank has not looked back. The growth in business has been manifold under various heads of business. As on March 31, 2016 business mix stands at Rs.1472.38 Cr. Yearly Profit before Tax (audited)and before provisions stands at Rs.17.90 Cr. Also, Capital adequacy is reflected at 17.12% as against the 9% requirement by Reserve Bank of India. A noteworthy aspect of the Banks financial results is that its net non-performing assets are zero unlike the adverse trend in the banking industry. The Bank continues its policy of carefully selecting its advances with good quality assets. Besides offering all the retail loan products to individuals, the Bank is very aggressive on Corporate Lending & has reputed Corporate clients in diverse fields of manufacturing, shipping, services, etc.
New Services and Technological Progress
After successfully implementing Core Banking Solutions (CBS) technology, the Bank has been offering Any Branch Banking services to its customers since the past several years. The Bank is now offering Rupay Debit Card, and will shortly opt for e-KYC (Electronic- Know Your Customer) services to its valued customers. The bank has recently re-launched its interactive website namely www.zoroastrianbank.comfor easy accessibility of various products & services for its customers.

The Bank offers services like RTGS, NEFT, ECS, Speed Clearing, NACH etc. Bank has taken Corporate Agency of Max Life Insurance Ltd and Bajaj Alliance Insurance Ltd and offers all types of life and non-life insurance products.
A Way Forward
The Bank now proposes to expand its branch network not only in Mumbai but also in Surat and adjoining areas. Besides investing in human resources it proposes to invest further in technology to tap young generation clientele enabling them to avail next generation banking facilities.TheBank will soon be launching VISA  Debit Card for its valued customers travelling abroad. The Bank has a strong loyal customer base which it continues to build upon year on year.