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THE COSMOS CO OPERATIVE BANK LIMITED

Jan 21, 2020 351

HISTORY:

Cosmos Cooperative Bank Ltd (Cosmos) Bank, established in 1906, is one of the oldest cooperative banks in urban areas in India. Cosmos Bank celebrated its centenary on January 18, 2006. It is one of the first cooperative banks in the country to implement the core banking system (CBS) across its network of 137 service points and then using the core banking software Finacle -Infosys. He also received the Reserve Bank (AD) Indian licensee of the Reserve Bank of India to become the third Co-operative Bank in India to have this license within thirty years.

The Bank's headquarters in Pune is located in the company's office - Tori Cosmos near Ganeshkhind road, Shivajinagar, Pune. It oversees the bank by the executives and the executive team that managed by the Director General. The Bank's Board of Directors.

This bank was founded on January 18, 1906 in Pune by Krishnaji Sadashiv Gore and Shankar Hari Barve. He was the first chairman of the bank Cosmos Sahitya Samrat aka Tatyasaheb CNN Kilar Kilar. In the December 1, 1990, was awarded the Bank of Cosmos scheme put in a short period of only seven years, in the November 28, 1997, the bank earned on the development of "state Multistate". Bank of the universe operates in seven states of India, namely Maharashtra and Gujarat and Madhya Pradesh, Karnataka and Andhra Pradesh, Telangana and Tamil Nadu through its subsidiaries 137. The bank has more than 2 million customers and 79,000 shareholders.

Universe Bank is the first bank in the cooperative sector to be granted permission to run the chest currencies. Bank of the universe has a chest currencies in Pune, which provides services to another bank in Pune.

 

CHAIRMAN: Shri. Krishnakumar Kishorilal Goyal