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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 21269 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.

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The network of the co-operative Credit structure in Maharashtra

Sr. No. The Maharashtra State Co-op. Bank 2013-14 Co-operative Credit Structure
(Maharashtra State)
1 Head Office (Mumbai) 1 No. of DCC Banks 31
2 Administrative Office (Vashi) 1 No. of Branches of DCCBs 3711
3 Regional Offices  w.e.f. 09 Nov 2015 6 Total No. of PACS 21269
4 Pay Offices status upgraded as regional office w.e.f. 09 Nov 2015 0 Members of PACS 11141670
5 Divisional Offices merged with respective regional offices w.e.f. 09 Nov 2015 0 Borrower Members 4879198
6 Branches 43 No. of Urban Co-op. Banks 520
7 Extension Counters 3 No. of Branches of Urban Co-op. Banks 4426
8 CTS Service Centres 7 No. of Urban Co-op. Cr. Sty’s. (Mar 09) 26629
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