List Of Maharashtra State Cooperative Bank ifsc code and address of all bank branches in india Find Verified IFSC/MICR code .
Maharashtra State Cooperative Bank IFSC Code & Details:
The Maharashtra State Cooperative Bank is one of the largest cooperative banks in India. The Bank was formed with an objective of socio-economic transformation of the community by adopting democratic means and propagating the creation of a 'Co-operative Commonwealth'. Achieving this aim meant the elimination of individual profits and readiness to work for a common cause.
For adequate and efficient management of the Bank's business, three sub-committees are organized. The Loan Committee considers the loan proposals, issuances of bank guarantees on behalf of co-operatives and takes into account the requests for foreign letters of credit. The Staff Committee is responsible for deciding matters related to staff recruitment, staff promotions, appointments and their training needs. Lastly, the Executive Committee looks into matters concerning the allotment, transfer, redemption of shares, admission of members and other administrative works.
To widen the scope of co-operative activities, the Bank has been providing the required technical guidance and managerial expertise to the newly formed co-operative ventures. The Bank has played an instrumental role in setting up secondary and tertiary industries. It has also financially assisted the agro-based processing units and helped in establishing professional educational institutes such as Engineering and Medical colleges. The Bank also provides financial assistance to those district banks which are not eligible for loans under NABARD's refinance facilities. The Bank primarily finances the agricultural sector and lays emphasis on those schemes which are of national importance such as Biogas Development.
In the view of its social obligations, the Bank has raised funds which are being used to rehabilitate the poor farmers and their families. It has constituted a 'Credit Stabilization Fund' to help the people in case of any natural calamity. According to 'The Banker', the Maharashtra State Cooperative Bank is the only cooperative bank in India to have been recognised 9 times among the top 1000 banks in the world on the basis of its capital adequacy and financial soundness.
State wise list of all Maharashtra State Cooperative Bank branches
The following are the states, where Maharashtra State Cooperative Bank has branch / branches. Select an individual state link to view list of districts, where this bank has branch / branches.