When you compare the services of a normal or traditional bank with a co-operative bank, you won’t see much of a difference. Like, with these Co-operative Banks, you have the option to open different types of bank accounts, you can get loans from these banks, and there are other basic banking services too. But the actual and main difference comes in when we talk about the ownership of these banks, where the traditional or normal banks are owned by the shareholders, these Co-operative Banks are mainly not only owned by the members, but they operate these banks as well, and they’re the customers too. Anyway, if you were wondering about it for a while now, let’s get to know about the Top 10 Co-operative Banks in India 2025. Here we go then.
1. Saraswat Co-operative Bank
To begin with, Saraswat Bank is one of the biggest and most trusted urban co-operative banks in India and is referred to as the mother bank of all urban cooperative banks. Founded in 1918, the bank is headquartered in Mumbai. The bank has more than 290 branches across six states like Maharashtra, Gujarat, Goa, Karnataka, Madhya Pradesh, and Delhi. Their business stands at a staggering ₹75,000 crores as of March 2023! Saraswat Bank is mainly focused on retail banking, which includes deposits and lending, that is, savings accounts, current accounts, personal loans, business loans, and fixed deposits.
2. Cosmos Co-operative Bank
Next in line is the oldest one, the Cosmos Co-operative Bank, set in operation way back in 1906. This Pune-based bank manages more than 140 branches all across India. They take great pride in their total business of ₹35,400 crore, of which ₹20,216 crore are deposits and ₹15,192 crore are loans. They also provide personal, business, and corporate banking services, while also making sure that Cosmos Bank is moving ahead with digital banking (mobile applications, internet banking).
3. Shamrao Vithal Co-operative Bank (SVC Bank)
SVC Bank is another big name founded in 1906, with its headquarters in Mumbai. The bank carries out its business in 11 states and one union territory, which places it as a big player in major cities. Being a scheduled urban co-operative bank, SVC deals in retail and corporate banking. Customers can open savings or current accounts with the bank, they may also put money into fixed deposits or work into applying for some kind of loan. The bank also provides advanced/modern technology-related services like UPI, net banking, and mobile banking.
4. NKGSB Co-operative Bank
Founded in 1917, the NKGSB Co-operative Bank has grown to be another Mumbai-based big name in the banking scene. It has approximately 104 branches and services customers in Maharashtra, Karnataka, Goa, Gujarat, Madhya Pradesh, and Union Territories like Daman, Diu, Dadra, and Nagar Haveli. The bank offers all kinds of loans. Whether it is for homes, vehicles, personal needs, etc., they take care of it all. They even offer interesting loans for EVs and solar panels!
5. Janata Sahakari Bank
For those who know little to nothing about this one, well, Janata Sahakari Bank was established back in 1949. And yes, it is based out of Pune. Financial numbers-wise, this bank seems to be doing great, and it is already spread over some 71 branches maintained by this bank in Maharashtra and Gujarat. They give normal deposit schemes and loan schemes for individuals to purchase houses, vehicles, or business-related stuff. Digital services, you say? Well, they also offer apps, SMS banking, internet banking, and real-time payments like NEFT and IMPS.
6. Thane Janata Sahakari Bank (TJSB)
TJSB Bank is a scheduled bank that came into existence in 1972 at the Thane Headquarters. It is particularly a big name in the semi-urban banking scene. In addition to savings accounts and fixed deposits, TJSB Bank also offers a variety of loan schemes, including loans for homes, personal uses, gold, and business. There are also special financial and business assistance loans for women entrepreneurs. The bank issues RuPay debit cards and opens Demat accounts.
7. Abhyudaya Co-operative Bank
Abhyudaya Bank is yet another bank situated in Mumbai, started in 1964, and giving services in the states of Maharashtra, Gujarat, and Karnataka. This was geared for less economically advantaged sections with cheaper banking facilities. Savings accounts can be opened, term deposits can be made; and, basically, personal loans or home loans can be obtained. If you want a bank that really cares about the underserved, this is a greener option.
8. Bharat Co-operative Bank
Having started in 1978, Bharat Bank is based out of Mumbai with operations in Maharashtra, Karnataka, and Gujarat. Consequently, this bank provides retail and digital banking services for customers in urban and middle-class income groups. You may open savings or current accounts; purchase a fixed deposit; or apply for a personal loan, home loan, vehicle loan, or education loan, well, it is all your call! Their services also include insurance, lockers, and the issuance of RuPay debit cards.
9. Kalupur Commercial Co-operative Bank
Established in the year 1970 in Ahmedabad, Gujarat, Kalupur Commercial Co-operative Bank helped grain merchants in the beginning and nowadays caters to customers from rural as well as urban markets. You can avail of services such as savings accounts, term deposits, fund transfers, together with some very cool digital offerings comprising WhatsApp Banking, net banking, and mobile apps. Their international services include forex and NRI banking, too.
10. Punjab State Co-operative Bank
In the final instance, Punjab State Co-operative Bank is Chandigarh-based and was established in 1949. It runs 17 branches and one extension counter, along with 20 district central co-operative banks with over 800 branches spread throughout Punjab. It is mainly concerned with lending to farmers and rural people by way of agricultural loans, including crop loans and cash credits. You can go for a savings bank account, a current bank account, fixed deposits, or retail loans, housing loan, education one, or vehicle loan as well.
Conclusion
Alrighty, that’s pretty much what we have for today. These are by far the best co-operative banks that are performing super well already. Out of all the hundreds of these banks in India, these are by far the best ones if you’re looking forward to investing, are a customer, or just feeling curious about the topic.
