Maharashtra is the most developed state in the country as far as the co-operative sector is concerned. The co-operative movement in Maharashtra is nursed and nourished by a three-tier credit structure, at the helm of which is The Maharashtra State Co-operative Bank Limited (MSCB), at the middle level District Central Co-operatives Banks and at the village level Primary Credit Societies. The bank serves as a balancing centre for the surplus resources of co-operatives in the state and thereby ensures their development and multifaceted prosperity.

Over the years, MSCB has been fortunate in having the services of eminent personalities in different walks of life. To mention a few, successful businessmen like late Lallubhai Samaldas, Vaikunthbhai Mehta, V.D. Thackersey and intellectuals like professor D.G. Karve, Dr Dhananjayrao Gadgil and Mr. R. G. Saraiya have helped the bank enormously to grow in stature and strength.

Objectives:
The twin objectives of MSCB are to promote and propagate the creation of a 'Co-operative Commonwealth' through socio-economic transformation of the community by following co-operative principles and democratic means. It means elimination of individual profit, distribution of surplus earnings according to the established law/regular practice and not capital, practice of thrift and readiness to work for a common cause.