The Cosmos Co-operative Bank Ltd. (Cosmos Bank), established in 1906, is one of the oldest Urban Co-operative Banks in India. Cosmos Bank celebrated its centenary on 18 January 2006. It is one of the first co-operative banks in the country to implement
Core Banking System
Core banking is a banking service provided by a group of networked bank branches where customers may access their bank account and perform basic transactions from any of the member branch offices.
Core banking is often associated with retail ba ...
(CBS) across the entire network of its then 140 service outlets using
Finacle
Infosys Limited is an Indian multinational information technology company that provides business consulting, information technology and outsourcing services. The company was founded in Pune and is headquartered in Bangalore. Infosys is the s ...
-
Infosys
Infosys Limited is an Indian multinational information technology company that provides business consulting, information technology and outsourcing services. The company was founded in Pune and is headquartered in Bangalore. Infosys is the s ...
Core Banking Software. It also received an authorized dealer (AD) license from the
Reserve Bank of India
The Reserve Bank of India, chiefly known as RBI, is India's central bank and regulatory body responsible for regulation of the Indian banking system. It is under the ownership of Ministry of Finance, Government of India. It is responsible f ...
to become the third co-operative bank in India to have such a license in thirty years.
The bank is headquartered in Pune in its Corporate Office at Cosmos Tower, Ganeshkhind Road, Shivajinagar, Pune.
This bank was founded on 18 January 1906 in Pune by Krishnaji Sadashiv Gore and Shankar Hari Barve. The first Chairman of the Cosmos Bank was ''Sahitya Samrat N.C. Kelkar alias Tatyasaheb Kelkar''. On 1 December 1990, Cosmos Bank received the Scheduled status and within a short span of just 7 years, on 28 November 1997 the Bank was awarded the 'Multi-State' status. The Cosmos Bank is operative in 7 States of India, viz., Maharashtra, Gujarat, Madhya Pradesh, Karnataka, Andhra Pradesh, Telangana and Tamil Nadu through its 140 branches. Bank has more than 2 Millions customers and 79,000 shareholders.
Cosmos Bank is the first bank in co-operative sector to be granted permission to operate a Currency Chest. Cosmos Bank has a Currency Chest in Pune, offering services to other banks in
Pune
Pune (; ; also known as Poona, ( the official name from 1818 until 1978) is one of the most important industrial and educational hubs of India, with an estimated population of 7.4 million As of 2021, Pune Metropolitan Region is the largest i ...
.
History
Branches
Cosmos Bank has in total 5 regional offices with 140 service outlets in India. These are spread across 7
states and in 39 major Indian cities. Those are as follows:
*
Andhra Pradesh
Andhra Pradesh (, abbr. AP) is a state in the south-eastern coastal region of India. It is the seventh-largest state by area covering an area of and tenth-most populous state with 49,386,799 inhabitants. It is bordered by Telangana to the ...
:
Vijayawada
Vijayawada, formerly known as Bezawada, is the second largest city in the Indian state of Andhra Pradesh and is a part of the state's Capital Region. It is the administrative headquarters of the NTR district. Its metropolitan region comprises N ...
*
Gujarat
Gujarat (, ) is a state along the western coast of India. Its coastline of about is the longest in the country, most of which lies on the Kathiawar peninsula. Gujarat is the fifth-largest Indian state by area, covering some ; and the ninth ...
:
Ahmedabad,
Ankleshwar
Ankleshwar (sometimes written Ankaleshwar) is a city and a municipality in Bharuch district in the state of Gujarat, India. The city is located 14 kilometres from Bharuch. Ankleshwar Industrial Association (AIA) is the largest organisation of t ...
,
Baroda
Vadodara (), also known as Baroda, is the second largest city in the Indian state of Gujarat. It serves as the administrative headquarters of the Vadodara district and is situated on the banks of the Vishwamitri River, from the state capital ...
,
Bhavnagar,
Bhuj
Bhuj () is a Municipality and District Headquarters of Kutch District in the state of Gujarat, India.
Etymology
According to legend, Kutch was ruled by the Nāga chieftains in the past. Sagai, a queen of Sheshapattana, who was married to Kin ...
,
Gandhidham
Gandhidham, initially known as Sardarganj, is the largest and most populous city in Kutch District, Gujarat, India. It was created in the early 1950s for the resettlement of Sindhi Hindu refugees from Sindh (now in Pakistan) in the aftermath ...
,
Rajkot,
Surat
*
Karnataka
Karnataka (; ISO: , , also known as Karunāḍu) is a state in the southwestern region of India. It was formed on 1 November 1956, with the passage of the States Reorganisation Act. Originally known as Mysore State , it was renamed ''Karnat ...
:
Bangalore
Bangalore (), List of renamed places in India, officially Bengaluru (), is the Capital city, capital and largest city of the Indian state of Karnataka. It has a population of more than and a metropolitan area, metropolitan population of a ...
,
Belgaum,
Nipani
Nipani is a third largest city, taluk in the Belgaum district in the state of Karnataka, India. It is an important agricultural and commercial trade centre in the district. Nipani and its surrounding villages are known for growing high-quali ...
*
Madhya Pradesh
Madhya Pradesh (, ; meaning 'central province') is a state in central India. Its capital is Bhopal, and the largest city is Indore, with Jabalpur, Ujjain, Gwalior, Sagar, and Rewa being the other major cities. Madhya Pradesh is the seco ...
:
Indore
Indore () is the largest and most populous city in the Indian state of Madhya Pradesh. It serves as the headquarters of both Indore District and Indore Division. It is also considered as an education hub of the state and is the only city to ...
*
Maharashtra:
Amravati
Amravati (pronunciation ( help·info)) is the second largest city in the Vidarbha region and ninth largest city in Maharashtra, India. It is administrative headquarters of Amravati district and Amravati division which includes Akola, Buld ...
,
Aurangabad
Aurangabad ( is a city in the Indian state of Maharashtra. It is the administrative headquarters of Aurangabad district and is the largest city in the Marathwada region. Located on a hilly upland terrain in the Deccan Traps, Aurangabad is the ...
,
Baramati
Baramati ( aːɾamət̪iː is a city, a tehsil and a municipal council in Pune district in the state of Maharashtra, India. The city is about 100 KM (62 miles) southeast of the city of Pune and about 250 KM from Mumbai.
Baramati is locat ...
,
Bhusawal
Bhusawal is the largest municipal council (established in 1882) in the Jalgaon district of the Indian state of Maharashtra, situated along the banks of the river Tapi. The city emerged as a major railway junction during the British Raj, and s ...
,
Jalgaon
Jalgaon () is a city in Maharashtra, India. The city is located in North Maharashtra, and serves as the administrative headquarters of its namesake district, the Jalgaon district. Jalgaon is colloquially known as the “''Banana City of Indi ...
,
Jalna,
Kolhapur
Kolhapur () is a city on the banks of the Panchganga River in the southern part of the Indian state of Maharashtra. It is the administrative headquarter of the Kolhapur district. In, around 2 C.E. Kolapur's name was 'Kuntal'.
Kolhapur is ...
,
Mumbai
Mumbai (, ; also known as Bombay — List of renamed Indian cities and states#Maharashtra, the official name until 1995) is the capital city of the Indian States and union territories of India, state of Maharashtra and the ''de facto'' fin ...
,
Nagpur
Nagpur (pronunciation: aːɡpuːɾ is the third largest city and the winter capital of the Indian state of Maharashtra. It is the 13th largest city in India by population and according to an Oxford's Economics report, Nagpur is projected to ...
,
Nashik
Nashik (, Marathi: aːʃik, also called as Nasik ) is a city in the northern region of the Indian state of Maharashtra. Situated on the banks of river Godavari, Nashik is the third largest city in Maharashtra, after Mumbai and Pune. Nashi ...
,
Phaltan
Phaltan () is a town, a tehsil, and a municipal council in the Satara district in the Indian state of Maharashtra. The town is about northeast of the city of Satara and about 110 km from Pune.
History
Phaltan was one of the non-salu ...
,
Pune
Pune (; ; also known as Poona, ( the official name from 1818 until 1978) is one of the most important industrial and educational hubs of India, with an estimated population of 7.4 million As of 2021, Pune Metropolitan Region is the largest i ...
,
Sangli
Sangli () is a city and the district headquarters of Sangli District in the state of Maharashtra, in western India. It is known as the Turmeric City of Maharashtra due to its production and trade of the spice. Sangli is situated on the banks ...
,
Satara,
Solapur
Solapur () is a city located in the south-western region of the Indian state of Maharashtra, close to its border with Karnataka. Solapur is located on major highway, rail routes between Mumbai, Pune, Bangalore and Hyderabad, with a branch lin ...
,
Thane
Thane (; also known as Thana, the official name until 1996) is a metropolitan city in Maharashtra, India. It is situated in the north-eastern portion of the Salsette Island. Thane city is entirely within Thane taluka, one of the seven taluk ...
,
Yavatmal
Yavatmal ( is a city and municipal council in the Indian state of Maharashtra. It is the administrative headquarters of Yavatmal District. Yavatmal is around 90 km away from divisional headquarters Amravati while it is away from the sta ...
*
Tamil Nadu
Tamil Nadu (; , TN) is a state in southern India. It is the tenth largest Indian state by area and the sixth largest by population. Its capital and largest city is Chennai. Tamil Nadu is the home of the Tamil people, whose Tamil language ...
:
Chennai
Chennai (, ), formerly known as Madras ( the official name until 1996), is the capital city of Tamil Nadu, the southernmost Indian state. The largest city of the state in area and population, Chennai is located on the Coromandel Coast of th ...
,
Coimbatore
*
Telangana
Telangana (; , ) is a state in India situated on the south-central stretch of the Indian peninsula on the high Deccan Plateau. It is the eleventh-largest state and the twelfth-most populated state in India with a geographical area of and 3 ...
:
Hyderabad
Hyderabad ( ; , ) is the capital and largest city of the Indian state of Telangana and the ''de jure'' capital of Andhra Pradesh. It occupies on the Deccan Plateau along the banks of the Musi River, in the northern part of Southern India ...
,
Secundarabad
See also
*
Banking in India
Modern banking in India originated in the mid of 18th century. Among the first banks were the Bank of Hindustan, which was established in 1770 and liquidated in 1829–32; and the General Bank of India, established in 1786 but failed in 1791. ...
References
External links
COSMOS Bank Website
Banks established in 1906
Cooperative banks of India
Financial services companies based in Pune
Indian companies established in 1906
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