Bassein catholic Co-op bank ltd was established as Credit Co-operative Society by Social reformer Rev Msgr. P. J. Monis, christian missionery on 6th February 1918 along with social activists in vasai to bring financial freedom in the region of Vasai. Through his mission he succeeded in up-lifting the society, which has brought massive change in the peoples lifestyle, education and financial stability. Milestones. Established as credit society in the year 6th February 1918 Converted into Urban Co-Op bank in 1966. "Scheduled bank status"​ conferred on the Bank in 1990. Implementation of Core Banking Software in 2010 across all branches. Tied up with SIDBI for Credit link Capital Subsidy Tied up with CRISIL & SMERA credit rating agency for Rating for Units. Introduction of RUPAY debit card AD-1 License granted by RBI in 2015. Papdy, Bangli and Holi branch completed 50 glorious years of service. Net banking Facility in 2016