Goa State Co-operative Bank
About usBranch locations
Deposit rates
loan rates
Contact us
Location map

The Bank has a very humble inspiring beginning. On 7th, November 1963, "The Goa State Co-operative Bank Ltd" was founded as Apex financing agency in the co-operative sectors in the then Union territory of Goa, Daman and Diu with Shri. S. Khushaldas as its first Chairman.

The first Chairman and the Board were the people with deep and abiding ideals, faith, vision, optimism and entrepreneurial skills. These dedicated men in-charge of the Society had a commendable sense of service and duty imbibed in them. Even today, our honorable founders inspire a sense of awe and respect in the Bank and amongst the shareholders.

The Bank was initially set up to help the members in distress. Its objective was to provide finance to the needy members in the then Union territory of Goa, Daman & Diu and bring up their financial standards. The Bank provides more interest on deposits and loans to agriculture and allied activities. The Bank also provides all types of loan schemes like Urban loans, Consumer loans, loan against gold, loan against NSC, Loan against Pigmy, Non-agricultural loan, Weddings of dependent members of the family, loan for Repayment of debt and to meet expenses of medical treatment etc. to suit the dreams and desire of the members.

During this cataclysmic cavalcade of history, the Bank as a financial institution and its members could not of course remain unaffected by the economic consequences of the major events. The Founder Members and the later-day managements of the Bank continued to demonstrate their unwavering faith in the destiny of the common man and the co-operative movement and they encouraged the shareholders to save despite all odds.

Thanks to these sustained and assiduous efforts over 40 years after its inception, the Bank had gained strong foundation in terms of its membership, resources, assets and profits. By 1970, the Bank was fulfilling all the banking needs of its customers.

During the late seventies, the Bank grew from strength to strength. The Bank had established the branches not only in Goa, but also in Daman & Diu. The Bank chose a motif to symbolise the Bank's emblem - a fitting and appropriate characteristics of a Bank that believed in hard work, a search for all that is good, a team spirit to achieve its objectives and a selfless service to its members and customers.

The Bank has grown in stature, progressed in its social and economic objectives and produced an image of what an ideal bank should be. Resultantly, in the year 2002-03, the Bank's gross income crossed the Rs. 21.38 lakhs mark. Last two decades the bank has witnessed a steady growth in the business. The bank has a network of 67 branches

The Bank has its 67 branches and are fully On-Line Computerised, out of which 67 branches are connected at Central Location on CBS. At present Bank is making progress under the leadership of Chairman Shri Ulhas Phaldessai, Vice-Chairman Shri A.M.S. D'Silva, other board of Directors and Shri. Avadhut Anant Tanksali, Managing Director-I/C. In 1994, Reserve Bank of India conferred the bank with "Scheduled" status.

The Bank has also Executed MOU with State Govt. for Inplementing the "Dayanand Social Security Scheme" of the Directorate of Social Walfare, Govt. of Goa, during the year, for distributing monthly Pension to the Vulnerable sections of the Society in the State.

During the year 2010-2011, the Bank has earned Net profit of Rs.101.21 Lacs after making all the required provisions.

The Bank has been able to post this Profit mainly because of war footing efforts put on for effecting recovery from chronic defaulteres.

The Bank has shifted in its own premises on a plot of land admeasuring 1,090 sq.mts. at prime location in EDC Complex at Patto Plaza, Panaji - Goa. The Building consists of basement, ground floor and upper seven floors with total super built-up area of the building of 3,536 sq.mts.

       List of Chairman's
No. Name of the Chairman From To
01. Shri. S. Khushaldas 24-12-1963 07-02-1966
02. Shri. Joao Cabral 08-02-1966 27-10-1966
03. Shri. S. Khushaldas 28-10-1966 27-11-1966
04. Shri. N.H. Naik 28-11-1966 16-05-1969
05. Shri. J. A. Rane 17-05-1969 15-05-1978
06. Shri. V.L.S. Kuncolienkar 16-05-1978 11-01-1979
07. Shri. S. Sirsat 12-01-1979 23-03-1981
08. Shri. M.G. P. Gaonkar 01-04-1982 30-05-1995
09. Shri. R.G.N. Mule 06-06-1995 02-06-1998
10. Shri. S.D. Zuwarkar 29-09-1998 23-05-2001
11. Shri. R.S. Dessai 23-05-2001 20-10-2001
12. Shri. Prakash S. Velip 31-01-2003 24-07-2005
13. Shri. R.G.N. Mule 08-08-2005 31-05-2007
13. Shri. R.G.N. Mule 06-09-2007 19-08-2012
14. Shri Ulhas Phaldessai 28-08-2012  

Product Portfolio
Deposit Schemes
Savings, Current, Fixed, Recurring, Pension, Marriage schemes.
NRI Services
Remmitances, NRE, Trade, Finance.
Personal Finance
Agriculture loans, Non-agriculture loans, Housing, Car, Urban loans.
Other Information
Board of Directors

Budget Report
Financial Position
Progress Report