ISSN No : 2319-7935 (Print)
2319-7943 (Online)

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Ashok Yakkaldevi
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Co-operative banks in this country are a part of vast and powerful structure of co-operative institutions which are engaged in tasks of production, processing, marketing, distribution, servicing and banking in India. The cooperative banks play a big role in the Indian economy as they are based on the small amount of money collected from the ordinary people. Cosmos Coop. Bank Ltd. is one of the leading scheduled multi state cooperative bank having presence in 6 states through 110 branches and 6 extension counters in 28 major cities. The bank has undergone this process of business process re-engineering successfully and continuously evaluating its systems and procedures to ensure that the customers' expectations are met at the same time the transaction cost is maintained at minimum possible. The bank has enlightened board of directors drawn from various walks of life and which takes keen interest in the overall development of the bank. The bank has widened the range of its retail products both in deposits and advances segment so that the needs of the emerging middle class are satisfied. Management Information System of the bank is fully utilizing the benefits of computerization. The bank has ensured optimum utilization of computerization in its working and has its own data base centre also. The management information generated through the data centre is being utilized professionally to take vital decisions. The bank has also in its fold services like Currency chest, Demat, Mutual Fund, Insurance business in collaboration with M/s. Bajaj Alliance Insurance Company Ltd. Franking of documents, Pancard facility, E-Tax payment facility. The bank is conscious of need for sharpening the skills of the on the field and off the field staff and provides them training on an ongoing basis using modern methods of teaching. As desired by the RBI the bank has started some schemes to provide banking facilities to the economically weaker section. The bank as decided to extend financial assistance to Women's Self Help Groups. Warje branch of the bank has been designated for this purpose. The bank is progressing on all fronts achieving newer heights year after year but for the only one aspect that i.e. its percentage of NPA is marginally increasing which is a sign to be taken note of and to take corrective action as has been already explained in the relevant para. The bank has an ambitious plan and is marching ahead in good speed.
Keywords :
  • customer focus
  • wide range of services
  • technology up-gradation
  • inclusive banking
  • overall growth
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