About Us
Welcome to 'The Maharashtra State Co-op. Bank Ltd., Mumbai'
The co-operative movement in India traces its origin to a period as early as 1904, when the Co-operative Credit Societies Act was enacted. As far as co-operative sector is concerned, Maharashtra is the most developed state in the country. There is hardly any village in the state which remains untouched by the co-operative movement and hardly any important economic activity that is not covered under a co-operative fold. The co-operative movement in Maharashtra is nourished by a three-tier co-operative credit structure, at the helm of which is The Maharashtra State Co-operative Bank Limited (MSCB). At the middle level are 31 District Central Co-operative Banks (DCCBs) and at the bottom level, over 21085 Primary Agricultural Credit Societies (PACS) are functioning.
The MSC Bank serves as a balancing center for the surplus resources of co-operatives in the state and thereby ensures their multifaceted development and prosperity. Needless to say that MSC Bank is the biggest co-operative bank in the country. Besides, it is the only co-operative bank in India which has figured 9 times among the top 1000 banks in the world on the basis of financial soundness (Capital Adequacy) as surveyed by ‘The Banker’ published from London, periodically. The bank is listed in Schedule II of RBI Act 1934.
The network of the co-operative Credit structure in Maharashtra
The Maharashtra State Co-operative Bank
001
Head Office (Mumbai)
001
Administrative Office (Vashi)
006
Regional Offices
052
Branches
004
Extension Counters
018
ATM Centre
004
MEGA Banker Machine
Co-operative Credit Structure (Maharashtra State)
031
No. of DCC Banks
3667
No. of Branches of DCCBs
21246
Total No. of PACS
502
No. of Urban Co-op. Banks
10927235
Members of PACS
4839106
Borrower Members
5713
No. of Branches of Urban Co-op. Banks
Brief History
“The success of co-operative movement depends much less on the growth of the number of societies than on the moral basis of the shareholders.”
The co-operative movement in India traces its origin to a period as early as 1904, when the Co-operative Credit Societies Act was enacted. As far as co-operative sector is concerned, Maharashtra is the most developed state in the country. There is hardly any village in the state which remains untouched by the co-operative movement and hardly any important economic activity that is not covered under a co-operative fold. The co-operative movement in Maharashtra is nourished by a three-tier co-operative credit structure, at the helm of which is The Maharashtra State Co-operative Bank Limited (MSCB). At the middle level are 31 District Central Co-operative Banks (DCCBs) and at the bottom level, over 21214 Primary Agricultural Credit Societies (PACS) are functioning.
The MSC Bank serves as a balancing center for the surplus resources of co-operatives in the state and thereby ensures their multifaceted development and prosperity. Needless to say that MSC Bank is the biggest co-operative bank in the country. Besides, it is the only co-operative bank in India which has figured 9 times among the top 1000 banks in the world on the basis of financial soundness (Capital Adequacy) as surveyed by ‘The Banker’ published from London, periodically. The bank is listed in Schedule II of RBI Act 1934.
Objectives
The twin objectives of MSCB is to promote and propagate the creation of a Co-operative Commonwealth through socio-economic transformation of the community by following co-operative principles by adopting democratic means. It means elimination of individual profit, distribution of surplus earnings according to the established law & regular practice and readiness to work for a common cause.
Management & Committees
The twin objectives of MSCB is to promote and propagate the creation of a Co-operative Commonwealth through socio-economic transformation of the community by following co-operative principles by adopting democratic means. It means elimination of individual profit, distribution of surplus earnings according to the established law & regular practice and readiness to work for a common cause.
Board of Administrators
The twin objectives of MSCB is to promote and propagate the creation of a Co-operative Commonwealth through socio-economic transformation of the community by following co-operative principles by adopting democratic means. It means elimination of individual profit, distribution of surplus earnings according to the established law & regular practice and readiness to work for a common cause.
Eminent Guidance
The twin objectives of MSCB is to promote and propagate the creation of a Co-operative Commonwealth through socio-economic transformation of the community by following co-operative principles by adopting democratic means. It means elimination of individual profit, distribution of surplus earnings according to the established law & regular practice and readiness to work for a common cause.
Historical Background
The twin objectives of MSCB is to promote and propagate the creation of a Co-operative Commonwealth through socio-economic transformation of the community by following co-operative principles by adopting democratic means. It means elimination of individual profit, distribution of surplus earnings according to the established law & regular practice and readiness to work for a common cause.
Rural Outreach
The twin objectives of MSCB is to promote and propagate the creation of a Co-operative Commonwealth through socio-economic transformation of the community by following co-operative principles by adopting democratic means. It means elimination of individual profit, distribution of surplus earnings according to the established law & regular practice and readiness to work for a common cause.
Co-operative Ventures
The twin objectives of MSCB is to promote and propagate the creation of a Co-operative Commonwealth through socio-economic transformation of the community by following co-operative principles by adopting democratic means. It means elimination of individual profit, distribution of surplus earnings according to the established law & regular practice and readiness to work for a common cause.
Educational Support
The twin objectives of MSCB is to promote and propagate the creation of a Co-operative Commonwealth through socio-economic transformation of the community by following co-operative principles by adopting democratic means. It means elimination of individual profit, distribution of surplus earnings according to the established law & regular practice and readiness to work for a common cause.
Special Funds & Social Commitment
The twin objectives of MSCB is to promote and propagate the creation of a Co-operative Commonwealth through socio-economic transformation of the community by following co-operative principles by adopting democratic means. It means elimination of individual profit, distribution of surplus earnings according to the established law & regular practice and readiness to work for a common cause.
Crop Loan System
The twin objectives of MSCB is to promote and propagate the creation of a Co-operative Commonwealth through socio-economic transformation of the community by following co-operative principles by adopting democratic means. It means elimination of individual profit, distribution of surplus earnings according to the established law & regular practice and readiness to work for a common cause.
Demand Draft Facility
The twin objectives of MSCB is to promote and propagate the creation of a Co-operative Commonwealth through socio-economic transformation of the community by following co-operative principles by adopting democratic means. It means elimination of individual profit, distribution of surplus earnings according to the established law & regular practice and readiness to work for a common cause.
Role in DCCBs & Urban Banks
The twin objectives of MSCB is to promote and propagate the creation of a Co-operative Commonwealth through socio-economic transformation of the community by following co-operative principles by adopting democratic means. It means elimination of individual profit, distribution of surplus earnings according to the established law & regular practice and readiness to work for a common cause.
Regional Offices
The twin objectives of MSCB is to promote and propagate the creation of a Co-operative Commonwealth through socio-economic transformation of the community by following co-operative principles by adopting democratic means. It means elimination of individual profit, distribution of surplus earnings according to the established law & regular practice and readiness to work for a common cause.
Vision
To be the trusted co-operative bank of choice, empowering communities and driving sustainable growth.
Mission
Dedicated to providing innovative, inclusive, and customer-focused financial solutions with service excellence.
Administrator
Vidyadhar Anaskar - (Administrator)
Our commitment is to strengthen the cooperative banking movement and drive inclusive growth across Maharashtra.
Management
Dilip Dighe - (Managing Director)
Our vision is to strengthen cooperative institutions through innovation, discipline, and sustainable growth.
Bank Through History Lens
Cyber Security Center
Sir Vithaldas Thackersey Memorial Building,9, Maharashtra Chamber of Commerce Lane, Fort, Mumbai - 400001.
