Cooperative Banks in India – Operational Banking List

Cooperative Banks in India are financial entities which are under the belonging of its own members who are at the same time the owner and customers which has been registered under the state cooperative societies Act.

Also these Cooperative Banks are regulated by Reserve Bank of India and were governed by banking regulation Act 1949, Banking Laws Act 1955, and there are a total 31 Cooperative Banks in India, which are individually under by Government Firms to provide service to their employees.

These Cooperative banks let you keep deposits, get loans and provide various financial services for their cooperatives or members of the society.

Features of Cooperative Banks

There are different services which Cooperative Banks provide to their own customers of which few are listed here that might give you a glance of working of Cooperative Banks in India.

  • Cooperative Banks customers are both the owner and customer of that Cooperative Bank.
  • The head of Cooperative Bank is elected by board of directors and owned by member itself
  • Member of Cooperative Banks get equal right of vote as principle of “One Person, One Vote”
  • Cooperative Banks have played a significant role in financial inclusion for un banked rural masses
  • The profit of banks is equity shared with member based on legal and statutory limitations
  • They offer highest rate of interest on their deposits
  • They have brought productive borrowing in place of UN-discouraged unproductive borrowing

Cooperative Banks in India

Co-Operative Sector Banks Contact Email Associated Web Address
Abhyudaya Co-op. Bank Ltd. abhyudayabank.co.in
Adarsh Co-operative Bank Ltd adarshco-operativebank.com
Apna Sahakari Bank Ltd. apnabank.co.in
Bassein Catholic Co-op. Bank Ltd. bccb.co.in
Bombay Mercantile Co-op. Bank md@bmcbank.co.in bmcbankltd.com
CITIZENCREDIT Co-op. Bank Ltd. citizencreditbank.com
GP Parsik Sahakari Bank Ltd. gpparsikbank.com
Jalgaon Janata Sahakari Bank Ltd. jjsbl.com
Janakalyan Sahakari Bank Ltd. sgdate@jksbl.com jksbl.com
Janata Sahakari Bank Ltd. ceo@janatabankpune.com janatabankpune.com
Kallappanna Awade Ichalkaranji Janata Sahakari Bank Ltd NA
Mahesh Sahakari Bank Ltd., maheshbankpune.com
Nagpur Nagarik Sahakari Bank Ltd. nnsbank.co.in
New India Co-op. Bank Ltd. newindiabank.in
Nutan Nagarik Sahakari Bank Ltd. nutanbank.com
Punjab & Maharashtra Co-op. Bank Ltd. pmcbank.com
Rajkot Nagarik Sahakari Bank Ltd. rnsbindia.com
Sharad Sahakari Bank Ltd. ho@sharadbank.com sharadbank.com
The A.P. Mahesh Co-op. Urban Bank Ltd. md@apmaheshbank.com apmaheshbank.com
The Adarsh Co-op. Urban Bank Ltd. adarshbank.com
The Bharat Co-op. Bank (Mumbai) Ltd. ceo@bharatbank.co.in bharatbank.com
The Chitanavispura Sahakari Bank Ltd NA
The Cosmos Co-op. Bank Ltd. cosmosbank.com
The Deccan Merchants Co-op. Bank Ltd. co@deccanbank.com deccanbank.com
The Gayatri Co-op. Urban Bank Ltd. gayatribank.in
The Greater Bombay Co-op. Bank greaterbank.com
The Jalgaon People`s Co-op. Bank Ltd NA
The Kalupur Commercial Co-op. Bank Limited kalupurbank.com
The Kalyan Janata Sahakari Bank Ltd. kalyanjanata.in
The Karad Urban Co-op. Bank Ltd karadurbanbank.com
The Khamgaon Urban Co-op. Bank Ltd. NA
The Mahanagar Co-op. Bank Ltd mahanagarbank.com
The Municipal Co-op. Bank Ltd. municipalbankmumbai.com
The North Kanara GSB Co-op. Bank Ltd. nkgsb-bank.com
The Pochampally Co-op. Urban Bank Ltd. pochampallybank.com
The Saraswat Co-op. Bank Ltd.  saraswatbank.com
The Surat People`s Co-op. Bank spcbl.com
The SVC Co-op Bank Ltd svcbank.com
The Urban Co-op. Bank Ltd. NA
The Visakhapatnam Co-operative Bank Ltd. vcbl.in
The Zoroastrian Co-operative Bank Limited zoroastrianbank.com
TJSB Sahakari Bank Ltd. tjsb.co.in
List of Cooperative Banks in India
  1. What type of Cooperative Banks in India does exist?

    There are three different types of Cooperative Banks in India based on their operating criteria as Primary Credit Societies, State Co-operative Banks and Central Cooperative Banks, and these Banks are organized at different levels from District, Town and State level as per their requirement in surroundings.

  2. Why are Cooperative Banks in India important?

    The function of Cooperative Banks in India is to provide loans to primary Cooperative Societies and loans are given to individuals as well, and the capital of central Cooperative Banks in India is increased by their own funds, borrowings, deposits and their respective courses.

  3. Is Cooperative Banks in India Safe for investment?

    If you're paying for an investment and then indeed expecting some returns, then the commercial or private banking sector is best for this purpose, and the use of Cooperative Banks in India is not for much insurance amount and thus they are preferred if you're on a path for higher investment returns.