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 (CBS) across the entire network of its then 140 service outlets using
Finacle
Finacle is a banking software developed by Infosys. Finacle was created in 1999 as a core banking software suite and has been a part of Infosys' subsidiary EdgeVerve Systems since 2015.
History
Infosys launched Finacle in 1999 as a software ...
-
Infosys
Infosys Limited is an Indian multinational corporation, multinational technology company that offers business consulting, information technology, and outsourcing services. Founded in 1981 in Pune, the company is headquartered in Bengaluru.
On ...
Core Banking Software. It also received an authorized dealer (AD) license from the
Reserve Bank of India
Reserve Bank of India, abbreviated as RBI, is the central bank of the Republic of India, and regulatory body responsible for regulation of the Indian banking system and Indian rupee, Indian currency. Owned by the Ministry of Finance (India), Min ...
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 ( ; , ISO 15919, ISO: ), previously spelled in English as Poona (List of renamed Indian cities and states#Maharashtra, the official name until 1978), is a city in the state of Maharashtra in the Deccan Plateau, Deccan plateau in Western ...
.
History
Branches
Cosmos Bank has in total 5 regional offices with 140 service outlets in India. These are spread across 7
states
State most commonly refers to:
* State (polity), a centralized political organization that regulates law and society within a territory
**Sovereign state, a sovereign polity in international law, commonly referred to as a country
**Nation state, a ...
and in 39 major Indian cities. Those are as follows:
*
Andhra Pradesh
Andhra Pradesh (ISO 15919, ISO: , , AP) is a States and union territories of India, state on the East Coast of India, east coast of southern India. It is the List of states and union territories of India by area, seventh-largest state and th ...
:
Vijayawada
Vijayawada ( ), formerly known by its colonial name Bezawada, is the second largest city and a major commercial hub in the Andhra Pradesh state of India. The city forms an integral part of the Andhra Pradesh Capital Region and is situated on th ...
*
Gujarat
Gujarat () is a States of India, state along the Western India, 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 List of states and union territories ...
:
Ahmedabad
Ahmedabad ( ), also spelled Amdavad (), is the most populous city in the Indian state of Gujarat. It is the administrative headquarters of the Ahmedabad district and the seat of the Gujarat High Court. Ahmedabad's population of 5,570,585 ...
,
Ankleshwar,
Baroda
Vadodara (), also known as Baroda, is a city situated on the banks of the Vishwamitri River in the Indian state of Gujarat. It serves as the administrative headquarters of the Vadodara district. The city is named for its abundance of banyan ...
,
Bhavnagar
Bhavnagar is a city and the headquarters of Bhavnagar district in the Indian state of Gujarat. It was founded in 1723 by Bhavsinhji Gohil. It was the capital of Bhavnagar State, which was a princely state before it was merged into the Dominion ...
,
Bhuj
Bhuj () is a city and the headquarters of Kutch district in the Indian state of Gujarat.
Etymology
According to legend, Kutch (Kachchh) was ruled by the Nāga chieftains in the past. Sagai, a queen of Sheshapattana, who was married to King B ...
,
Gandhidham
Gandhidham, initially known as Sardarganj, located in the eastern part of Kutch district, in the state of Gujarat. It is the largest and most populous city in (Kachchh) Kutch District, Gujarat, India. It was created in the early 1950s for the res ...
,
Rajkot
Rajkot () is the fourth-largest city in the Indian state of Gujarat
Gujarat () is a States of India, state along the Western India, western coast of India. Its coastline of about is the longest in the country, most of which lies on the ...
,
Surat
Surat (Gujarati Language, Gujarati: ) is a city in the western Indian States and territories of India, state of Gujarat. The word Surat directly translates to ''face'' in Urdu, Gujarati language, Gujarati and Hindi. Located on the banks of t ...
*
Karnataka
Karnataka ( ) is a States and union territories of India, state in the southwestern region of India. It was Unification of Karnataka, formed as Mysore State on 1 November 1956, with the passage of the States Reorganisation Act, 1956, States Re ...
:
Bangalore
Bengaluru, also known as Bangalore (List of renamed places in India#Karnataka, its official name until 1 November 2014), is the Capital city, capital and largest city of the southern States and union territories of India, Indian state of Kar ...
,
Belgaum
Belgaum (Kannada ISO 15919, ISO: ''Bēḷagāma'', ), officially known as Belagavi (also Belgaon), is a city in the Indian state of Karnataka located near its northern western border in the Western Ghats. It is the administrative headquarters ...
,
Nipani
*
Madhya Pradesh
Madhya Pradesh (; ; ) is a state in central India. Its capital is Bhopal and the largest city is Indore, Indore. Other major cities includes Gwalior, Jabalpur, and Sagar, Madhya Pradesh, Sagar. Madhya Pradesh is the List of states and union te ...
:
Indore
Indore (; ISO 15919, ISO: , ) is the largest and most populous Cities in India, city in the Indian state of Madhya Pradesh. The commercial capital of the state, it has been declared as the List of cleanest cities in India, cleanest city of In ...
,
Annapurna Branch
*
Maharashtra
Maharashtra () is a state in the western peninsular region of India occupying a substantial portion of the Deccan Plateau. It is bordered by the Arabian Sea to the west, the Indian states of Karnataka and Goa to the south, Telangana to th ...
:
Amravati
Amravati (/Marathi phonology, əmᵊɾɑʋᵊt̪iː/) is a city in Maharashtra located in the Vidarbha region. It is the ninth largest city in Maharashtra, India & second largest city in the Vidarbha region in terms of population. It is the ...
,
Aurangabad
Aurangabad (), officially renamed as Chhatrapati Sambhajinagar in 2023, 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 ...
,
Baramati
Baramati (Help:IPA/Marathi, 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 M ...
,
Bhusawal
Bhusawal is a city in the Jalgaon district of Maharashtra, India. Situated along the Tapti River, it lies between the Satpura Range and the Ajanta range, Ajanta Hills of the Deccan Plateau, Deccan plateau. The city is a significant hub for the ...
,
Jalgaon
Jalgaon () is a city in the state of Maharashtra, India. The city is located in North Maharashtra in the subregion of Khandesh, and serves as the administrative headquarters of its namesake district, the Jalgaon district. In the subregion of ...
,
Jalna,
Kolhapur
Kolhapur () is a city on the banks of the Panchganga River in the southern part of the Indian state of Maharashtra.
Kolhapur is one of the most significant cities in South Maharashtra and has been a hub of historical, religious, and cultural a ...
,
Mumbai
Mumbai ( ; ), also known as Bombay ( ; its official name until 1995), is the capital city of the Indian state of Maharashtra. Mumbai is the financial capital and the most populous city proper of India with an estimated population of 12 ...
,
Nagpur
Nagpur (; ISO 15919, ISO: ''Nāgapura'') is the second capital and third-largest city of the Indian state of Maharashtra. It is called the heart of India because of its central geographical location. It is the largest and most populated city i ...
,
Nashik
Nashik, formerly Nasik, is a city in the northern region of the Indian state of Maharashtra situated on the banks of the river Godavari, about northeast of the state capital Mumbai.
Nashik is one of the Hindu pilgrimage sites of the Kumbh ...
,
Phaltan,
Pune
Pune ( ; , ISO 15919, ISO: ), previously spelled in English as Poona (List of renamed Indian cities and states#Maharashtra, the official name until 1978), is a city in the state of Maharashtra in the Deccan Plateau, Deccan plateau in Western ...
,
Sangli
Sangli (ISO 15919, ISO: ''Sāṁgalī''; ) is a metropolitan town and the headquarters of Sangli District in Maharashtra, in south-western India. It has earned the nickname "Turmeric City of India" for being the hub of the Asia's largest produ ...
,
Satara,
Solapur
Solapur () is a city located in the south-western region of the States and Territories of India, Indian state of Maharashtra, close to its border with Karnataka. Solapur is located on major highway, rail routes between Mumbai, Pune, Bangalore ...
,
Thane
Thane (; previously known as Thana, List of renamed Indian cities and states#Maharashtra, the official name until 1996) is a metropolitan city located on the northwestern side of the list of Indian states, state of Maharashtra in India and on ...
,
Yavatmal
*
Tamil Nadu
Tamil Nadu (; , TN) is the southernmost States and union territories of India, state of India. The List of states and union territories of India by area, tenth largest Indian state by area and the List of states and union territories of Indi ...
:
Chennai
Chennai, also known as Madras (List of renamed places in India#Tamil Nadu, its official name until 1996), is the capital city, capital and List of cities in Tamil Nadu by population, largest city of Tamil Nadu, the southernmost states and ...
,
Coimbatore
Coimbatore (Tamil: kōyamputtūr, ), also known as Kovai (), is one of the major Metropolitan cities of India, metropolitan cities in the States and union territories of India, Indian state of Tamil Nadu. It is located on the banks of the Noyy ...
*
Telangana
Telangana is a States and union territories of India, state in India situated in the Southern India, south-central part of the Indian subcontinent on the high Deccan Plateau. It is the List of states and union territories of India by area, ele ...
:
Hyderabad
Hyderabad is the capital and largest city of the Indian state of Telangana. It occupies on the Deccan Plateau along the banks of the Musi River (India), Musi River, in the northern part of Southern India. With an average altitude of , much ...
,
Secundarabad
Secunderabad () is a twin city of Hyderabad and one of the six zones of the Greater Hyderabad Municipal Corporation (GHMC) in the Indian state of Telangana. It is the headquarters of the South Central Railway zone. Named after the Mir Akbar Ali ...
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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