Company Description
To emerge as a strong, vibrant, most preferred premier co operative bank, committed to excellence in serving the customers, and augmenting the stakeholders value through concern, care and competence.
Punjab & Maharashtra Co-operative Bank is a Multi-State Scheduled Urban Co-operative Bank with its area of operation in the States of Maharashtra, Delhi, Karnataka ,Goa, Gujarat ,Andhra Pradesh and Madhya Pradesh.
The humble beginning of the Bank was done in a small room at Sion, on February 13, 1984 as a single branch Bank. In a span of 35 years, the Bank has a wide network of 137 branches across six states. The Bank stands among top 10 co-operative banks of the country.
The Bank was conferred with Scheduled Status by the Reserve Bank of India in the year 2000.It is the Youngest Bank to achieve the ‘Scheduled Bank’ status. The Multi-State Status was conferred on the Bank by the Central Registrar in the year 2004.The Bank thus entered into the National platform. The Bank was given the Authorised Dealer Category I License by the Reserve Bank of India for Forex business in the year 2011.