Saraswat Co-Operative Bank Overview
The Saraswat Co-Operative Banking Society was founded in 1918 by people with deep and abiding ideals, faith, vision, optimism and entrepreneurial skills under the leadership of Mr. J.K. Parulkar with an aim to help people in deep distress and those who are in need to face the critical challenges of their lives, such as wedding of dependents, repayment of debt, expenses of medical treatment, etc. By virtue of the overwhelming response it got from likeminded people, in 1933 the society could be raised in to a full-fledged Urban Co-Operative Bank. Saraswat Co-Operative Bank now aims to become a premier banking institution in the country adopting highest standards of professionalism and excellence in areas of its operations. Over the years the bank obtained strong foundation in terms of membership, resources, assets and profit. In 1988 the bank got 'Scheduled Bank' status from Reserve bank of India. The bank has widespread network in states covering Maharashtra, Gujarat, Madhya Pradesh, Karnataka, Goa and Delhi with 182 fully computerized branches and 67 ATM kiosks at major centres. Saraswat Bank is the first co-operative bank to provide merchant banking services in India. The bank has associate relationship with 125 banks across 45 countries of the world.
Products and Services of Saraswat Bank
Saraswat bank is a technology enabled banking organization providing full fledged banking and non banking financial products and services to its customers. It offers personal banking like saving account, deposit schemes, loans for automobile, housing, education, consumer needs and other needs. The bank offers corporate and business banking including current account, corporate account, etc. It also offers demat online, foreign exchange facilities, utility bill payments, mutual funds and insurance. The bank provides services covering tech enabled banking like RTGS, SMS banking, Internet banking, anywhere anytime banking, etc. to its all categories of customers.