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About Cosmos Bank

History

Established in 1906, the Cosmos Co-operative Bank Ltd. is the second oldest & second largest bank in the country. The Bank has recently completed glorious 108 years of service successfully. It has attained multi state scheduled status in 1997. The Bank is a professionally managed 'Financial Institution', a benchmark of credibility and innovation.

Bank has nurtured its traditional values in business practices and in serving the small customers. At the same time it has adopted new technologies and advanced banking tools to add value to its services. Cosmos Bank has carved a niche in the banking sector due to its rich heritage, integrity, adherence to prudent banking practices, technology advancement, customized products and services and most of all due to its experienced, qualified and professional Board of Directors.

Setup – Financial & Geographical

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Financial setup of the bank as on 31.03.2013 was Rs.22098 crore, comprising of Deposits of Rs. 12857 crore and Advances Rs. 9241 crore.
Cosmos Bank operates through 134 branches and 1 special service cell in India spread across 6 States and in 37 Major Cities, which are as follows:
Maharashtra : Mumbai, Pune, Nagpur, Aurangabad, Nashik, Baramati, Jalna, Kolhapur, Satara, Phaltan, Sangli, Solapur, Bhusawal, Jalgaon,  Amravati, Yavatmal., Ichalkaranji, Ahmednagar
Madhya Pradesh : Indore.
Andhra Pradesh: Hyderabad, Vijaywada
Karnataka : Banglore. Belgaum, Nipani.
Gujarat: Surat, Ahmedabad, Baroda, Ankaleshwar, Rajkot, Bhuj, Gandhidham, Bhavnagar, Morbi, Nadiad, Anand, Vapi
Tamilnadu: Chennai


Social Obligations
Cosmos Foundation is a public charitable trust founded under the initiative of shareholders of Cosmos Co-op Bank on 16.10.1987.

The registered office of the foundation is at 269/270, Shaniwar Peth, Pune-30.

The main objectives of the foundation are -
1. To give loans to Cosmos Bank members at concessional rates for pursuing higher education abroad.
2. To give medical help to members upto specified limits.
3. To felicitate the awards of members who excel in Std. X & XII examinations.
4. To promote educational spirit and to maintain, support, propagate intellectual qualities educational facilities, etc.
5. To arrange educational seminars, conferences, etc.
6. To grant relief in the event of natural calamities such as earthquakes, floods, famine,
7. The Foundation also provides outsourcing facility
8. Special arrangement as Executor & Trustee for preparation & execution of Will especially for the Senior Citizens.

Future Plans
1. Mobile Banking Facility
2. Utility Terminal