Greater Bank

Name

Greater Bank

Legal name

The Greater Bombay Co-operative Bank Limited

Website

https://greaterbank.com

Company type

Private

Founded year

1952

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Cooperative Retail Banking

NAICS

Depository Credit Intermediation (5221), Commercial Banking (522110), Commercial Banking (52211)

SIC

State Commercial Banks (6022), Savings Institutions, Not Federally Chartered (6036)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industries

Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI), SME Business Lending (Term Loans, Lines of Credit, Overdrafts) (FSABABAB), SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

Keywords

• Retail banking
• Cooperative banking
• Deposit accounts
• MSME lending
• Home loans

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices23 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Interest Income from Loans: Primary revenue stream from interest earned on various loan products including housing loans, personal loans, gold loans, MSME loans, corporate loans, vehicle loans, and education loans. Interest rates range from 7.50% for housing loans to 18.25% for certain personal loans.
2. Deposit Interest Payments: Accepts customer deposits including savings accounts, current accounts, and term deposits with interest paid to depositors. Deposits stood at Rs. 1796.67 Crores as of March 2026.
3. Demat and Banking Services Fees: Fee income from demat services, ATM transactions, SMS alerts, locker rentals, and various banking service charges. Demat services include account maintenance charges of Rs. 400 per annum for individuals.
4. Bancassurance Commission: Corporate agency commission from distribution of life insurance products through Aditya Birla Sun Life Insurance, health insurance through ManipalCigna and Care Health Insurance, and general insurance through Oriental Insurance and IFFCO TOKIO.
5. Mutual Fund Distribution: Fee income from referral services for Nippon India Mutual Fund and HDFC Mutual Fund across all branches.

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels7 records

Core offering

Greater Bank is a scheduled urban co-operative bank offering a full suite of retail and commercial banking services to consumers, professionals, MSMEs and corporates in the Mumbai Metropolitan Region. Its deposit products include multiple savings account variants, current accounts and term deposits, while its lending portfolio spans personal loans, housing loans, gold loans, vehicle loans, education loans, MSME loans, mortgage loans, corporate loans and professional loans. The bank also distributes mutual funds and life, health and general insurance products through corporate partnerships, and provides digital banking through its GB M-Connect mobile app, net banking, ATMs, E-Lobby kiosks, BBPS bill payments and QR merchant payments.

Product overview

Greater Bank (The Greater Bombay Co-operative Bank Ltd.) is a scheduled urban cooperative bank offering a comprehensive suite of banking products and services. The core banking platform encompasses multiple deposit products (Savings Accounts, Current Accounts, Term Deposits) and lending products (Personal Loans, Professional Loans, Gold Loans, Vehicle Loans, Housing Loans, MSME Loans, Education Loans, Mortgage Loans, Corporate Loans). Digital banking services include Mobile Banking (GB M-Connect), Net Banking, ATM Services, E-Lobby, BBPS, QR Payments, and NEFT/RTGS fund transfers. Additional services include Demat Services, Safe Deposit Lockers, Mutual Funds distribution, Life Insurance, Health Insurance (ManipalCigna, Care Health), and Non-Life Insurance (Oriental Insurance, IFFCO TOKIO) through corporate partnerships. The bank operates 21 branches across Mumbai with ISO 9001:2015 certification.

Differentiator

Problem solved

Functional benefit

Products and services

• Savings Accounts Multiple savings account variants for individuals, families and salaried employees, including GB Gold, Greater Premium, Sampoorna, Sweekar, Sadhan, Bal Sulabh, Simple Savings and Premier Salary Saving accounts with cheque book, ATM access and interest-bearing features.
• Current Accounts Current deposit accounts for businesses including Greater Special Premium, GB Gold Current Account, Greater Premium Current, GB Current Deposit Scheme and Paripoorna Current Deposit Scheme with cheque book, standing instructions and free ATM facilities.
• Term Deposits Fixed Deposits with interest paid at regular intervals, Re-Investment Benefit Deposits with accumulated maturity amounts, Monthly Recurring Deposits starting from Rs. 100 per month, and GB Tax Gain Deposit Scheme for Section 80C tax benefits. Interest rates range from 3.60% to 7.50% p.a. with senior citizen premiums.
• Personal Loan for Salaried Unsecured personal loan for confirmed employees of Pvt Ltd, Ltd Company, NGO, Trust and Government employees with minimum net monthly income of Rs. 30,000; up to 5-year repayment at 13.24-15.24% interest and 2.5% shareholding requirement.
• Personal Loan for Professionals Unsecured personal loan for Chartered Accountants, Doctors (MBBS/MD) and Consulting Engineers with minimum 2 years experience, up to Rs. 5 lakhs, 5-year tenure at 10.24% interest, no collateral required.
• Gold Loan Loan against gold ornaments from Rs. 10,000 to Rs. 1.50 Crores at 10.50% to 14.00% interest, with 1% discount for female borrowers, and Greater Suvarna Sandhi bullet payment scheme.
• Vehicle Loan Financing for new vehicles from authorized dealers including registration, insurance and road tax; 90% finance for 2-wheelers and 80% for 4-wheelers of on-road price at 9.00% to 11.20% interest.
• Housing Loan Home loans for purchase/construction up to Rs. 2 Cr at floating rates from 7.50% linked to RBI Repo, with financing up to 85-90% of agreement/valuation amount, express processing and life insurance for principal borrower.
• Housing Renovation Loan Loan for repair and renovation of flats/houses up to Rs. 10 lakhs, maximum 10-year tenure, 12.50% (existing customers) or 13.00% (new borrowers) interest, collateral equal to 100% of loan amount.
• MSME Loan Specialized financing for Micro, Small & Medium Enterprises under MSMED Act 2006 via Greater Line of Credit (Term Loans, Short-Term Loans, Overdraft Facilities), exposures Rs. 1 Lakh to Rs. 500 lakhs, Mortgage Loans from 10% and Overdraft from 10.5% interest.
• Education Loan Loans for IBA-approved graduate/post-graduate courses up to Rs. 75 lakhs, 120-month repayment including 36-month moratorium, 12.00% up to Rs. 5 lakhs and 9.75% above Rs. 5 lakhs, with 0.25% discount for girl students.
• Mortgage Loan Loan against property for personal or business needs with maximum financing of 60-75% of property market value, up to 120-month tenure including Flexi-Overdraft renewable annually, interest based on internal credit rating.
• Corporate Loans Large Commercial Loans for Individuals, Proprietary Concerns, Partnership Firms, Private/Public Limited Companies including Working Capital, Term Loans for Commercial Property/Machinery, and Lease Rental Discounting above Rs. 50 lakhs exposure.
• Greater Professional Schemes Professional loans for doctors, chartered accountants and consulting engineers from Rs. 1 Lakh to Rs. 5 Crores, maximum 84-month tenure with 6-month moratorium, Mortgage Loans from 13.00% and Working Capital at 14%.
• Mobile Banking (GB M-Connect) Mobile banking app available on Google Play Store and Apple App Store enabling instant IMPS fund transfers, balance enquiry, mini statement, card control and BBPS bill payments 24x7x365.
• Net Banking Internet banking platform available 24x7 for CASA, Fixed Deposit and Loan account balance check, statement download, cheque status and stop payment requests.
• ATM Services Bank-owned ATMs with DIP card readers offering balance enquiry, cash withdrawals, PIN change, mini statements, fund transfer, cheque book requests, mobile number registration and mobile/DTH recharge; free for Greater Bank customers with access to 2.37+ lakh ATMs across India via NFS.
• E-Lobby Automated lobby banking kiosk available 24/7 for cheque deposit with immediate receipt and passbook printing without staff intervention.
• Bharat Bill Payment System (BBPS) RBI-mandated interoperable bill payment system for electricity, water, gas, DTH and telecom bills available through Mobile Banking App and Branch Counters 24x7.
• QR Payment MQR powered by Mswipe for merchants to accept UPI, credit/debit cards (RuPay, VISA, MasterCard, Amex) and mobile app payments via single QR code, with free setup and no rental charges.
• NEFT/RTGS Real Time Gross Settlement (RTGS) for large-value transfers above Rs. 2 Lakhs credited within 2 hours, and NEFT for fund transfers with same-day credit and no minimum/maximum limit.
• Demat Services Demat account services including dematerialisation, rematerialisation, pledge, unpledge and settlement transactions through CDSL via 21 branch collection centres; Rs. 400/year maintenance for individuals and 0.05% sell transaction fee.
• Safe Deposit Lockers Locker facility at selected branches in sizes A through L with annual rents from Rs. 1,500 to Rs. 12,500 based on size, available during branch working hours.
• Mutual Funds Distribution of mutual fund products through tie-ups with Nippon India Mutual Fund and HDFC Mutual Fund on referral basis across all branches with AMFI-certified staff.
• Life Insurance Life insurance and investment product distribution through corporate tie-up with Aditya Birla Sun Life Insurance under IRDAI Open Architecture Policy guidelines.
• Health Insurance Health insurance distribution via ManipalCigna (ProHealth Protect, ProHealth Plus, Lifetime Health India, Prime Senior Elite, Prime Protect, Prime Active, Super Top Up Plus) and Care Health Insurance (Care Supreme, SECURE for Child Personal Accident).
• Non-Life Insurance General insurance products including Home, Fire, Motor Vehicle, Marine, Credit, Travel, Valued Auto Coverage and Trade insurance through tie-ups with Oriental Insurance and IFFCO TOKIO under Open Architecture Policy.

Quantifiable outcome

• Total Business grew to Rs. 3118 Crores (3% growth) with Deposits at Rs. 1796.67 Cr and Advances at Rs. 1321.69 Cr as of March 2026
• +3 more outcomes

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration15 records

Feature5 records

Partnerships

Nine partnerships are on record, tiered core and major.

• Aditya Birla Sun Life Insurance Company LtdcoreChannel Partner/ Reseller/ DistributorCorporate agency partnership for distribution of life insurance and investment products to Greater Bank customers under Open Architecture Policy guidelines of IRDAI 2016.
• ManipalCigna Health InsurancecoreChannel Partner/ Reseller/ DistributorPartnership offering 7 health insurance plans including ProHealth Protect, ProHealth Plus, Lifetime Health India, Prime Senior Elite, Prime Protect, Prime Active, and Super Top Up Plus with sum insured ranging from Rs. 2.5 Lakhs to Rs. 3 Crores.
• Care Health InsurancecoreChannel Partner/ Reseller/ DistributorPartnership offering Care Supreme Health Insurance Plan and Secure for Child Personal Accident Insurance cover through corporate agent CA0276.
• Oriental Insurance Company LimitedmajorChannel Partner/ Reseller/ DistributorPublic sector general insurance partnership under Open Architecture Policy offering home insurance, fire insurance, motor vehicle insurance, marine insurance, credit insurance, P&I insurance, travel insurance, and trade insurance.
• IFFCO TOKIO General Insurance LtdmajorChannel Partner/ Reseller/ DistributorPartnership for general insurance products including motor, home, travel, and commercial insurance under Open Architecture Policy guidelines.
• Nippon India Mutual FundmajorChannel Partner/ Reseller/ DistributorMutual fund distribution partnership providing investment products to customers through referral basis across all branches with AMFI certified staff.
• HDFC Mutual FundmajorChannel Partner/ Reseller/ DistributorMutual fund distribution partnership providing investment products to customers through referral basis across all branches with AMFI certified staff.
• MswipemajorTechnology or IntegrationTechnology partnership for MQR (Mswipe QR) solution enabling merchants to accept UPI, card, and mobile payments through a single QR code.
• NPCI (National Payments Corporation of India)coreTechnology or IntegrationTechnology integration for BBPS (Bharat Bill Payment System) as RBI mandated interoperable bill payment platform for utility bills, and IMPS for instant fund transfers.

Scale indicators13 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Abhyudaya Co-operative Bank: Mumbai-headquartered scheduled urban co-operative bank serving retail, MSME, and corporate customers with similar deposit and lending products. Comparable scale, branch footprint, and co-operative governance model.
• NKGSB Co-operative Bank: Mumbai-based scheduled urban co-operative bank offering savings, current, term deposits, housing loans, personal loans, gold loans, and digital banking services. Closely matched co-operative banking peer with similar customer profile.
• New India Co-operative Bank: Mumbai-based urban co-operative bank offering full-service retail and commercial banking with deposit products, MSME lending, and digital channels. Direct geographic and product competitor.
• Cosmos Co-operative Bank: One of the largest urban co-operative banks in India, headquartered in Pune with strong presence in Mumbai. Operates a multi-branch retail and MSME banking model with similar deposit, loan, and digital product suite — making it a directly comparable co-operative banking peer.
• Saraswat Co-operative Bank: India's largest urban co-operative bank by asset size, headquartered in Mumbai. Offers the same comprehensive retail and commercial banking services (deposits, housing, MSME, gold loans, demat, insurance distribution) and competes directly for the same Mumbai customer segments.
• Janata Sahakari Bank: Maharashtra-headquartered (Pune) urban co-operative bank providing retail deposits, MSME financing, and housing/personal loans. Comparable co-operative banking model serving similar Tier-1/Tier-2 Maharashtra customer segments.
• TJSB Sahakari Bank: Thane-based urban co-operative bank with strong presence in Mumbai metropolitan region, offering retail deposits, housing loans, MSME lending, and digital banking. Overlaps significantly with Greater Bank's catchment and product offering.
• Bharat Co-operative Bank (Mumbai): Mumbai-headquartered urban co-operative bank with retail and MSME focus, multi-branch network in Maharashtra, and similar deposit/loan product mix including housing, gold, and personal loans.
• Punjab & Maharashtra Co-operative Bank: Multi-state scheduled urban co-operative bank with retail, MSME, and corporate banking products. Comparable in scale and co-operative banking structure, with overlapping competition for retail and SME customers.

Broad incumbents

• HDFC Bank: India's largest private sector bank with massive retail/MSME franchise, digital-first channels, and significantly larger scale. Competes for the same retail deposit and MSME loan customers in Mumbai but with vastly broader geographic reach and product depth.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/thegreaterbank
• Instagraminstagram.com/thegreaterbank
• Xx.com/BankGreater
• LinkedInlinkedin.com/company/the-greater-bombay-co-operative-bank-limited

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Greater Bank