Cosmos Co-operative Bank Ltd

Cosmos Bank
Company type	co operative bank
Industry	Banking; Financial services
Founded	1906
Founder	N.C. Kelkar
Headquarters	Pune, India
Products	Commercial Banking; Retail Banking; Private Banking
Revenue	₹120,000.0 million (US$1.4 billion) (2013)
Net income	₹553.2 million (US$6.6 million) (2013)
Number of employees	2,800+ (2014)
Website	Official Website 0030510154291

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-Infosys Core Banking Software. It also received an authorized dealer (AD) license from the Reserve Bank of India 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 - Cosmos Tower near on Ganeshkhind Road, Shivajinagar, Pune. This Bank is managed by executives and this executive team is led by the Managing Director. The Bank has Board of Directors.

This bank was founded on January 18, 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 December 1, 1990, Cosmos Bank received the Scheduled status and within a short span of just 7 years, on November 28, 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.^{[citation needed]}

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 bank in Pune.

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: