New India Co-operative Bank, founded in 1968 and headquartered at Santacruz West, is a Mumbai co-operative bank; the RBI placed it under restrictions and an administrator in 2025.
Mumbai has more urban co-operative banks than any other city; they serve the communities and housing societies that founded them, under RBI supervision.
| Name | New India Co-operative Bank |
|---|---|
| Where in Mumbai | Andheri and Goregaon, Mumbai |
| What they do | Co-operative bank |
| Since | 1968 |
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Fort and Horniman Circle
Saraswat Bank, founded in 1918 by the Saraswat community of Mumbai, is the largest urban co-operative bank in India, with its head office at Ekanath Thakur Bhavan in Prabhadevi and branches across Maharashtra, Goa, Gujar
Fort and Horniman Circle
Bombay Mercantile Co-operative Bank was founded in 1939 and has its head office at Marine Lines; it is a multi-state urban co-operative bank with branches in Mumbai and other cities.
Fort and Horniman Circle
Cosmos Bank, founded in Pune in 1906, is the second-oldest and one of the largest urban co-operative banks in the country, with a large Mumbai network.
Andheri and Goregaon
SVC Bank, the Shamrao Vithal Co-operative Bank founded in 1906, is one of the oldest and largest multi-state scheduled co-operative banks in India, headquartered at SVC Tower, Nehru Road, Santacruz East, with branches in
Fort and Horniman Circle
NKGSB Bank, the North Kanara Gaud Saraswat Brahmin Co-operative Bank founded in 1917, is a scheduled multi-state co-operative bank headquartered at Laxmi Sadan, Girgaon.
Lower Parel
Abhyudaya Co-operative Bank, founded in 1964 in the mill district of Parel, is a scheduled multi-state co-operative bank serving the working families of central Mumbai and Navi Mumbai; the RBI superseded its board in 202
Andheri and Goregaon
Bharat Co-operative Bank, founded in 1978 by the Bunt community of Mumbai, is a scheduled multi-state co-operative bank headquartered at Marutagiri, Goregaon East.
Lower Parel
Apna Sahakari Bank, founded in 1968 at Parel, is a scheduled co-operative bank of central Mumbai.
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