GP Parsik Sahakari Bank

What GP Parsik Sahakari Bank does

GP Parsik Sahakari Bank Ltd is a multi-state cooperative bank founded on May 21, 1972 by Shri Gopinath Shivram Patil in Kalwa, Thane District, Maharashtra. Headquartered at Sahakarmurti Gopinath Shivram Patil Bhavan in Parsik Nagar, Kalwa, the bank operates 91 fully computerized branches across Maharashtra (Thane, Mumbai, Navi Mumbai, Raigad, Pune, Nashik, Sangli, Kolhapur), Goa (Mapusa, Margaon), and Karnataka (Nipani, Belgavi), supported by 74 ATMs. Its customer base spans retail individuals, MSMEs, professionals, students, and senior citizens, served through a hybrid physical-branch and digital channel model.

The bank's product portfolio is comprehensive for a mid-tier cooperative institution: deposit schemes (Fixed, Recurring, Reinvestment, Quarterly, Monthly, Tax Saving, Senior Citizens), deposit accounts (Savings at 2.75% p.a., Current, Basic, Small, Parsik Student), and an extensive loan book including housing, vehicle, car, gold, education, personal, professional, MSME business, cash credit, group, house repair, poclain, article, property-backed, term deposit-backed, government security-backed, rent discounting, builder/developer term loans, secured personal, and non-funded facilities. Underlying technology consists of a Core Banking Solution (CBS) network enabling Any Branch Banking (ABB), integrated with NPCI's UPI/IMPS, BBPS, RuPay debit cards, RTGS, and NEFT for real-time payments. The bank holds a Scheduled Bank license (1998), Multi-State Cooperative Bank status (March 2015), and an RBI Authorized Dealer Category II License (March 2016) for forex services.

The bank generates revenue primarily through net interest spread between deposit interest (savings at 2.75% p.a.) and loan yields, supplemented by transaction fees on RTGS/NEFT, ATM usage, SMS alerts, locker rentals, and forex services. Business mix stands at over Rs. 6,500 crore, comprising deposits exceeding Rs. 4,500 crore and advances over Rs. 2,000 crore. As a cooperative (Sahakari) structure, the bank is member-owned rather than equity-listed, limiting its capital-raising options to internal accruals and member deposits. No AI/ML capabilities, funding rounds, M&A activity, or senior leadership transitions are evident in the disclosed data.

Name

GP Parsik Sahakari Bank

Legal name

GP Parsik Sahakari Bank Ltd

Website

https://gpparsikbank.com

Company type

Private

Founded year

1972

Operating status

Operating

Headcount range

501–1,000 employees

Short description

GP Parsik Sahakari Bank is a multi-state cooperative bank founded in 1972, operating 91 branches across Maharashtra, Goa, and Karnataka. It serves retail, MSME, and professional customers with deposits, loans, digital banking, and forex services on a Core Banking Solution platform.

Ownership category

akta.pro rank

Product category

Cooperative Banking

NAICS

Credit Unions (522130), Depository Credit Intermediation (5221)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

Keywords

• Cooperative banking services
• Retail deposit schemes
• MSME business loans
• Housing finance products
• Digital banking channels

Headquarters

HQ city

Thane

HQ country

India

HQ region

Asia

Offices13 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Interest Income from Loans: The bank generates primary revenue through interest income on various loan products including housing loans, car loans, gold loans, education loans, personal loans, business loans (MSME), and loans against property
2. Deposit Interest Spread: Earns spread between interest paid on deposits (savings at 2.75% p.a.) and interest charged on advances
3. Fee-based Services: Transaction fees from RTGS, NEFT, SMS alerts, ATM usage, locker services, forex transactions, and other banking services

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels4 records

Core offering

GP Parsik Sahakari Bank is a multi-state cooperative bank offering deposit schemes (fixed, recurring, savings, senior citizen), a comprehensive loan portfolio (housing, vehicle, gold, education, personal, professional, MSME/business, cash credit), and digital banking services (mobile, internet, UPI, IMPS, RTGS, NEFT) through 91 fully computerized branches and 74 ATMs across Maharashtra, Goa, and Karnataka.

Product overview

GP Parsik Sahakari Bank is a multi-state cooperative bank offering a comprehensive suite of banking products and services. The bank operates 91 fully computerized branches across Maharashtra and Karnataka. Its product portfolio comprises multiple deposit schemes (Fixed Deposit, Recurring Deposit, Reinvestment Deposit, Quarterly Deposit, Monthly Deposit, Tax Saving Scheme), various deposit accounts (Savings, Current, Basic Saving, Small Saving, Student, Senior Citizens), and extensive loan products (Housing, Car, Vehicle, Gold, Education, Personal, Professional, Business/MSME, Cash Credit, Group, House Repair, Poclain, Article, Loan Against Property, Loan Against Term Deposit, Loan Against Govt. Security, Rent Discounting, Term Loan for Builders, Secured Personal, Non Funded Facilities). The bank also provides digital banking services including Mobile Banking, Internet Banking, ATM Services, SMS Banking, and supports payment systems like UPI, IMPS, BBPS, RTGS, NEFT through its Core Banking Solution infrastructure.

Differentiator

Problem solved

Functional benefit

Products and services

• Fixed Deposit
• Recurring Deposit
• Reinvestment Deposit
• Quarterly Deposit
• Monthly Deposit
• Tax Saving Scheme Deposit
• Senior Citizens Deposit
• Savings Account
• Current Account
• Basic Saving Bank Deposit Account
• Small Saving Bank Deposit Account
• Parsik Student Account
• Housing Loan
• Car Loan
• Vehicle Loan
• Gold Loan
• Education Loan
• Personal Loan
• Professional Loan
• Business Loan - MSME
• Cash Credit Facility
• Loan Against Property
• Term Loan for Builders and Developers
• Mobile Banking
• Internet Banking
• ATM Services
• Safe Deposit Lockers
• Forex Facilities
• POS Service
• Pradhan Mantri Bima Yojana

Quantifiable outcome

• Total business mix of Rs. 6500 crore with deposits over Rs. 4500 crore and advances over Rs. 2000 crore

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Feature4 records

Partnerships

Three partnerships are on record, tiered core.

• Reserve Bank of India (RBI)coreOthers · 1 March 2016RBI granted Scheduled Bank status to GP Parsik Sahakari Bank in 1998 and Authorized Dealer Category II License for forex facilities in March 2016. RBI provides regulatory oversight and monetary policy framework.
• NPCI (National Payments Corporation of India)coreTechnology or IntegrationNPCI provides the technology infrastructure for UPI (Unified Payments Interface) and IMPS (Immediate Payment Service) platforms used by the bank for real-time fund transfers.
• DICGC (Deposit Insurance and Credit Guarantee Corporation)coreOthersDICGC provides deposit insurance coverage for depositors of GP Parsik Sahakari Bank, ensuring protection of customer deposits up to the insured limit.

Scale indicators6 records

Recent moves8 records

Expansion highlights4 records

Direct peers

• Cosmos Co-operative Bank: Pune-headquartered multi-state urban cooperative bank offering deposits, MSME loans, and digital banking. Comparable scale and product breadth, with overlap in Maharashtra retail and SME customers.
• Saraswat Cooperative Bank: Maharashtra's largest urban cooperative bank, multi-state, offering comparable deposit and loan products. Direct competitor in the same MSME and retail segments with a similar multi-state branch strategy.
• TJSB Sahakari Bank: Thane-headquartered cooperative bank with overlapping geography and product suite including MSME loans, gold loans, and digital services. Direct regional competitor in the same Thane district market.
• Shamrao Vithal Co-operative Bank (SVC Bank): Multi-state urban cooperative bank headquartered in Mumbai with similar deposit, lending, and digital banking offerings. Comparable business mix and target customer segments across Maharashtra.
• Abhyudaya Co-operative Bank: Mumbai-based cooperative bank offering comparable deposit schemes, MSME lending, and digital banking. Direct peer in the urban cooperative banking segment with overlapping customer base.
• NKGSB Co-operative Bank: Maharashtra-headquartered cooperative bank providing similar retail and SME banking products. Comparable scale and member-owned cooperative structure with overlapping target markets.
• Janata Sahakari Bank (Pune): Pune-based multi-state cooperative bank offering similar deposit, loan, and digital banking services. Direct competitor in Maharashtra with comparable customer segments.
• Thane Bharat Sahakari Bank: Thane-based urban cooperative bank with very similar local market positioning and product offerings. Direct regional competitor in the same Thane district geography.
• Janakalyan Sahakari Bank: Mumbai-headquartered urban cooperative bank offering deposits, MSME loans, and digital banking. Comparable member-owned cooperative model and customer focus.

Broad incumbents

• Bank of Maharashtra: Public-sector bank headquartered in Pune, serving retail, MSME, and corporate customers across Maharashtra and beyond. Provides an incumbent benchmark on deposit and lending products in the same regional market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/gp-parsik-sahakari-bank

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about GP Parsik Sahakari Bank