Cosmos Co-operative Bank Ltd, established in 1906, is among India's oldest Urban Co-operative Banks. Celebrating its centenary on January 18, 2006, the bank has successfully integrated modern banking technologies. Headquartered in Pune, Maharashtra, Cosmos Bank achieved 'Multi-State' status on November 28, 1997, reflecting its expansion and growth. Founded by Krishnaji Sadashiv Gore and Shankar Hari Barve, with Sahitya Samrat N.C. Kelkar as the first Chairman, the bank provides a full spectrum of services including commercial, retail, and private banking.

A significant milestone was adopting the Core Banking System (CBS) using Finacle-Infosys software, fostering streamlined operations and improved customer service across its 140 service outlets. Notably, Cosmos Bank became an authorized dealer as sanctioned by the Reserve Bank of India, managing foreign exchange transactions—an exclusive privilege for a co-operative bank after 30 years since the last issuance.

Financially, the bank recorded revenues of ₹3,790.8 million and a net income of ₹-543.4 million in 2020, reflecting operational challenges alongside resilience. With a workforce of 2,714, Cosmos Bank serves over 2 million customers and maintains ties with approximately 79,000 shareholders. Despite these achievements, the bank continuously aims for higher service and operational standards.

The bank is well-represented across seven Indian states with 140 branches, tapping into significant geographic and demographic segments. Major operational states include Maharashtra, Gujarat, Madhya Pradesh, Karnataka, Andhra Pradesh, Telangana, and Tamil Nadu. Its strategic placement in bustling hubs such as Mumbai, Pune, Chennai, and Bangalore underscores its impact within India's key economic areas.

One of Cosmos Bank's pioneering initiatives is the introduction of its Currency Chest, the first of its kind in the co-operative sector, offering currency services to other banks in Pune. This step not only broadens its service offering but also fortifies its role within India's banking ecosystem.

However, like many long-standing entities, Cosmos Bank encounters challenges such as the necessity for thorough citation verification and elimination of unsourced content from public records, highlighting the importance of transparency and reliable information in public documentation.

As Cosmos Bank navigates the evolving banking landscape, it remains committed to its core values of community service and engagement while embracing innovations aligned with global banking standards and customer demands. Its transformation from modest beginnings to a reputable multi-state banking entity exemplifies its strategic ambition, growth, and steadfast community dedication.