The Maharashtra State Co-operative Bank Ltd

The Maharashtra State Co-operative Bank Ltd is a prominent player in the co-operative movement in India, with its roots tracing back to the Co-operative Credit Societies Act of 1904. Operating within the most developed state in the country, the bank has a pervasive presence, with almost every village and economic activity touched by the co-operative fold. The three-tier co-operative credit structure in Maharashtra revolves around The Maharashtra State Co-operative Bank Limited (MSCB) at the top, complemented by 31 District Central Co-operative Banks (DCCBs) and over 21214 Primary Agricultural Credit Societies (PACS) at the middle and bottom levels, respectively.

Functioning as a balancing center for surplus co-operative resources in the state, MSC Bank plays a pivotal role in driving their multifaceted development and prosperity. As the largest co-operative bank in the country, it has garnered significant recognition, featuring among the top 1000 banks worldwide nine times for its financial soundness according to 'The Banker' published from London. Notably, the bank is listed in Schedule II of the RBI Act 1934, highlighting its regulatory standing. Founded in 2015, the bank operates in the Finance, Financial Services, and Banking sectors.