In past years, the formation of Cooperative banks has had a great impact on the rural and semi-urban areas of India. Before the opening of the bank in villages, the people had to come to cities for their basic work. Now, these Cooperative banks have changed the banking sector functions by providing facilities to the local people. The top 5 banks that have grown in a few years are listed below.
Table of Contents
1. Saraswat Cooperative Bank
Saraswat Bank is India’s largest urban cooperative bank.
- Established in 1918, it has over a century of experience.
- Headquartered in Mumbai, it serves several states across India.
- Offers savings, loans, insurance, and internet banking.
- Known for strong customer support and innovative banking solutions.
- Earned trust due to its stable financial practices and digital growth.
Key Details of Saraswat Bank
| Aspect | Details |
|---|---|
| Year of Establishment | 1918 |
| Headquarters | Mumbai, Maharashtra |
| Branches | Over 280 branches across 6 states |
| Total Business | More than Rupees 70,000 crore |
| Popular Services | Retail banking, loans, mobile banking |
2. Cosmos Cooperative Bank
Cosmos Bank is one of the oldest cooperative banks in the country.
- Founded in 1906, it has been serving customers for over 100 years.
- Located in Pune, it operates in various states with a wide network.
- Offers NEFT, RTGS, ATMs, credit cards, and mobile banking.
- Gained popularity for its technological updates and service quality.
- Serves individuals, small businesses, and corporate clients.
Key Details of Cosmos Bank
| Aspect | Details |
|---|---|
| Year of Establishment | 1906 |
| Headquarters | Pune, Maharashtra |
| Branches | Over 140 across 7 states |
| Total Business | Online banking, business loans, and UPI services |
| Popular Services | Online banking, business loans, UPI services |
3. Shamrao Vithal Cooperative Bank (SVC Bank)
SVC Bank is a reliable bank known for modern banking practices.
- Started in 1906, it aimed to help the lower-income population.
- Head office in Mumbai, with a presence in several states.
- Provides UPI, mobile banking, and net banking services.
- Well-known for efficient operations and secure platforms.
- Serves both retail and business customers.
Key Details of SVC Bank
| Aspect | Details |
|---|---|
| Year of Establishment | 1906 |
| Headquarters | Mumbai, Maharashtra |
| Branches | More than 190 in 11 states |
| Total Business | Over Rupees 27,000 crore |
| Popular Services | Fixed deposits, SME loans, digital services |
4. TJSB Sahakari Bank
TJSB Bank is known for its customer focus and strong values.
- Founded in 1972, it started in Thane, Maharashtra.
- Specializes in services for small traders and professionals.
- Offers secure mobile banking, loans, and ATM services.
- Trusted for its efficient customer care and competitive rates.
- Continued to expand in Maharashtra and neighboring states.
Key Details of TJSB Bank
| Aspect | Details |
|---|---|
| Year of Establishment | 1972 |
| Headquarters | Thane, Maharashtra |
| Branches | Over 135 branches in multiple states |
| Total Business | Around Rupees 18,000 crore |
| Popular Services | Home loans, digital banking, gold loans |
5. Abhyudaya Cooperative Bank
Abhyudaya Bank is one of the fastest-growing cooperative banks.
- Started in 1965, it began as a credit society in Mumbai.
- Offers a wide range of personal and business banking services.
- Known for ethical practices and secure banking systems.
- Serves customers in urban, semi-urban, and rural areas.
- Maintains high standards of transparency and service delivery.
Key Details of Abhyudaya Bank
| Aspect | Details |
|---|---|
| Year of Establishment | 1965 |
| Headquarters | Mumbai, Maharashtra |
| Branches | Over 100 across multiple states |
| Total Business | Above Rupees 17,000 crore |
| Popular Services | Savings, business loans, digital banking |
Comparison: Top 5 Cooperative Banks
| Bank Name | Founded Year | Headquarters | Branches | Total Business (Rupees Crore) |
|---|---|---|---|---|
| Saraswat Bank | In 1918 | Mumbai | 280 plus | 70,000 plus |
| Cosmos Bank | In 1906 | Pune | 140 plus | 30,000 plus |
| SVC Bank | In 1906 | Mumbai | 190 plus | 27,000 plus |
| TJSB Sahakari Bank | In 1972 | Thane | 135 plus | 18,000 plus |
| Abhyudaya Bank | In 1965 | Mumbai | 100 plus | 17,000 plus |
Looking Ahead
Cooperative banks continue to play a crucial role in India’s economy by helping people access financial services with ease. These top five banks have proven their excellence as they have provided customer trust, quality service, and innovative banking methods to the people near the homes in villages. Growth of cooperative banks highlights their importance in promoting financial stability and supporting the economic needs of various communities across India.
