The Cosmos Way
Vision
- To be world-class co-operative bank
- To deliver a memorable, unique, delightful banking experience
- To add genuine value to the lives of all those we touch
- To be the preferred bank for all stakeholders, customers, employees, Investors, vendors partners, associates
- To be a model global corporate institution
Mission
- Constantly innovating and thereby ensuring that we lead and not simply follow what is state-of-the-art in banking
- Maintaining warmth and the personal touch across all relationships through Team Cosmos- a team of knowledgeable, always available, impeccably courteous and dedicated professionals
- Proactively working towards the full realization of the potential of the co-operative sector, including financial inclusion
- Ensuring the highest ethical standards, professional integrity, corporate governance and regulatory compliance
Values
- Customer Centricity
- Continuous Learning
- Technology with Sensitivity
- Ethics
- Transparency
- Teamwork
- Operational Efficiency
- People Empowerment
Our History
In the world of Co-operative Banking, Cosmos Co-operative Bank Ltd. holds the record of 120 years of relentless service to its more than 20 lakh satisfied customers through 193 branches in 7 States. Over the past decade, the Bank has made continual progress and has set a model example to co-operative banks by its professional conduct. The bank is committed to maintain the highest level of ethical standards, professional integrity, corporate governance and regulatory compliance. Established with an objective to provide personalized banking services to varied customer base, the bank has served the purpose by understanding the needs of various customers truly and deeply, and designing its products accordingly. Being the member of BCSBI, Bank ensures the highest standards of banking practices to customers.
The Board of Directors includes eminent and learned personalities from various professions having proficient approach towards formation of policies. The bank is managed by highly qualified, dedicated, dynamic and sincere Management Team.
Cosmos Bank is not just a Multi-state Scheduled Co-operative Bank but a professionally managed 'Financial Institution'.
Cosmos Bank has brought optimum benefits to the Bank's customers like:
Anytime banking through our ATM network
Installation of onsite/offsite ATM's at our Branches/ Extension Counters
More than 2.49 lacs+ ATMs are connected through Banks and NFS Tie Ups
Sweep Facility for transfer of funds between accounts of customers
Facility to transfer funds instantaneously to any account in any of our branch network
RTGS / NEFT Service for quick transfer of Funds
Periodic interest on Fixed Deposits in disbursed through the Electronic Clearing Scheme( ECS)
Account Statements available through E-mails
SMS facility for Account Balance, View of Last Three Transactions and Cheque Status
Availability of Franking Facility
Pune Corporation Tax acceptance facility Availability of E-Tax Payment facility
Utility Bill Payment facility for Telephone, Electric, Mobile Bills, Insurance premiums, Donations etc
- Anytime banking through our ATM network
- Credit for Industries & Overdraft & Working Capital Loan Schemes1
- Credit for Industries & Overdraft & Working Capital Loan Schemes2
- Installation of onsite/offsite ATM’s at our Branches/ Extension Counters
- More than 2.49 lacs+ ATMs are connected through Banks and NFS Tie Ups
- Sweep Facility for transfer of funds between accounts of customers
- Facility to transfer funds instantaneously to any account in any of our branch network
- RTGS / NEFT Service for quick transfer of Funds
- Periodic interest on Fixed Deposits in disbursed through the Electronic Clearing Scheme (ECS)
- Account Statements available through E-mails
- SMS facility for Account Balance, View of Last Three Transactions and Cheque Status
- Availability of Franking Facility
- Pune Corporation Tax acceptance facility
- Utility Bill Payment facility for Telephone, Electric, Mobile Bills, Insurance premiums, Donations etc
- Availability of E-Tax Payment facility
- Apart from these, we are making payments of Direct taxes and Indirect Taxes on behalf of our customers on their behalf to the Government through the on-line
- Apart from these, we are making payments of Direct taxes and Indirect Taxes on behalf of our customers on their behalf to the Government through the on-line payment system linked with HDFC Bank Ltd./IDBI Bank Ltd.
Geographical Set-Up
Cosmos Bank operates through 193 branches in India spread across 7 States and in 47 Major Cities, which are as follows
| S No. | State | Cities |
|---|---|---|
| 1 | Maharashtra | Mumbai | Pune | Nagpur | Chhatrapati Sambhajinagar| Nashik | Baramati | Jalna | Kolhapur | Satara | Latur | Phaltan | Sangli | Solapur | Bhusawal | Jalgaon | Amravati | Yavatmal | Ichalkaranji | Ahmednagar | Badnera| Karad |
| 2 | Gujarat | Surat | Ahmedabad | Vadodara | Ankaleshwar | Rajkot | Bhuj | Gandhidham | Bhavnagar | Morbi | Nadiad | Anand | Vapi | Navsari | Gandhinagar | Himmatnagar |
| 3 | Karnataka | Bengaluru | Belgavi | Nipani | Mysuru |
| 4 | Tamilnadu | Chennai | Coimbatore | Hosur |
| 5 | Andhra Pradesh | Vijaywada |
| 6 | Telangana | Hyderabad | Secunderabad |
| 7 | Madhya Pradesh | Indore |
Our Financial Strength
"Cosmos Bank is the oldest leading cooperative bank in India. Over the century, it has strengthened its financial set up through innovative business.
Financial Set up of the Bank as on 31.03.2025 is ₹ 38,634.27 Crore, comprising of Deposits of ₹ 22,907.20 and Advances of ₹ 15,727.07 Crore."
A] Financials
₹ In Crore
| S No. | Particulars | As on 31.03.2025 | As on 31.03.2024 |
|---|---|---|---|
| 1 | Share Capital | 349.78 | 344.48 |
| 2 | Reserves & Surplus | 2,497.56 |
2,149.33 |
| 3 | Capital Adequacy Ratio (CRAR) % | 15.15% | 15.43% |
| Deposits |
| 4 | Savings Deposit | 3,883.95 | 3,676.19 |
| 5 | Current Deposit | 1,984.07 | 1,556.93 |
| 6 | Fixed Deposit | 17,039.18 |
14,983.10 |
| Total | 22,907.20 | 20,216.22 |
| Advances |
| 7 | Secured | 15,435.54 | 14,862.86 |
| 8 | Unsecured | 291.53 | 328.76 |
| Total | 15,727.07 |
15,191.62 |
| 9 | Borrowings | 689.46 | 673.98 |
| 10 | Total Investments | 9,035.97 | 5,996.53 |
| 11 | Overdues (Percentage) | 2.52% | 1.83% |
| 12 | Net Profit | 180.62 | 384.05 |
| 13 | Previous Year's Profit c/f | 296.53 | 131.56 |
| 14 | Working Capital | 26,896.03 |
23,445.17 |
B] Others
| S No. | Particulars | As on 31.03.2025 | As on 31.03.2024 |
|---|---|---|---|
| 1 | Total Branches | 183 | 170 |
| 2 | Members | 1,13,474 | 1,07,028 |
| 3 | Nominal Members(Borrowers) |
4588 | 4790 |
| Total Staff | 3130 | 2849 |
Our Board of Directors
Mr. Sachin Apte
Chairman
Chairman
- Mr. Sachin Apte has completed his graduation in Civil Engineering & post-graduation in Structural Engineering from the reputed Govt. College of Engineering Pune.
CA Dr. Yashwant Kasar
Vice-Chairman
Vice-Chairman
- CA Dr. Yashwant Kasar is a Chartered Accountant member of The Institute of Chartered Accountants of India (ICAI) and The Institute of Chartered Accountants in England and Wales (ICAEW-UK), Information Systems Auditor (DISA), Certified Information Sy
Dr. Rasika Gupta
Director
Director
- Dr. Rasika Gupta is a dynamic Economist with expertise in data analytics, business intelligence, statistical modelling and data strategy working at the nexus of business and technology.
CA Surekha Joshi
Director
Director
- CA Surekha Joshi has extensive banking experience of more than 28 years the co-operative banking sector.
Mr. Praveenkumar Gandhi
Director
Director
- Mr. Praveenkumar Gandhi is a Chartered Accountant with over 32 years of rich experience in the General Insurance Industry. He holds a degree in Commerce.
Mr. Ajit Gijare
Director
Director
- Mr. Ajit Gijare is a structural engineer, engaged in consultancy for process industries like sugar, iron, copper
CA S. Subramaniam
Director
Director
- CA S. Subramaniam is practicing Chartered Accountancy since last 35 years.
Adv. Ghanshyam Amin
Director
Director
- Mr. Ghanshyam Amin is a veteran of Cooperative Sector with experience of more than 40 years.
Adv. Pralhad Kokare
Director
Director
- Adv. Pralhad Kokare is Director of the Bank since 2004. He was Vice Chairman of the Bank in 2019-2020 & 2020-2021. He is an expert in co-operative banking and laws, especially Agri Market Act
Mr. Arvind Tavare
Director
Director
- Mr. Arvind Tavare is an Engineering Postgraduate with a Masters Degree in Civil Engineering from United States.
Dr. Balasaheb Sathe
Director
Director
- Dr. Balasaheb Sathe has extensive teaching experience of more than 29 years.
Mrs. Anushree Malgaonkar
Director
Director
- Mrs. Anushree Malgaonkar is associated with cooperative sector for more than 25 years.
Mrs. Rekha Pokale
Director
Director
- Mrs. Rekha Pokale is associated with cooperative banking sectors since more than a decade.
Mr. Milind Pendharkar
Staff Representative
Staff Representative
- Mr. Milind Pendharkar is appointed as Staff Representative. He is a Commerce Graduate and has completed Diploma in Computer Management.
Mrs. Apekshita Thipsay
Managing Director
Managing Director
- With over 40+ years of experience in the banking industry, Mrs. Apekshita Thipsay is a highly respected and accomplished senior banker. She has a proven track record of success in credit management, finance, administration and corporate governance
Our Board of Management
CA MILIND KALE
B.COM (HON.), F.C.A, GRAD. C.W.A, MBA (FINANCE), DIPLOMA IN JOURNALISM
- CA Milind Kale completed his schooling at the renowned school Jnana Prabodhini and college education at Ness Wadia College.
CA Jayant Barve
Chartered Accountant
Adv. Anuradda Gadale
M. Com, LLM, Dip. IRP, M.A. Literature
Adv. Mukeshkumar Shah
B. Com LL B. LLM CA Inter. ICWA Inter
Mr. Gajanan Godbole
B. Sc.. MMS Finance. Diploma in Cyber Laws.
Mr. Sanjeev Khadke
B. Sc. DBM, MMS, HDC. GDC & A
Mrs. Sunita Bhor
M.A., B.Ed
Mr. Sushilkumar Somani
B.Com, LL.B, DTL, DLL & LW
Mr. Nitin Patwardhan
Diploma in Mechanical Engineering
Dr. Achutha Jois
Ph. D. Fellow-IIM. PGCPM-IIM MS-Coventry University-UK BE-Bangalore University
Adv. Ajay Suryawanshi
B.Com, LL.B
Mr. Vijay Kulkarni
Diploma in Sanskrit