Citizencredit Co-op Bank

What Citizencredit Co-op Bank does

Citizencredit Co-operative Bank Ltd. is a Mumbai-headquartered multi-state cooperative bank serving retail individuals, SMEs, salaried employees, medical professionals, transport operators, and NRIs across Maharashtra (Mumbai, Thane, Pune, Nashik), Goa, and Daman through a network of 46 branches and 11 ATM locations. Originally registered as The Bombay Catholic Urban Co-operative Credit Society on May 6, 1920, the institution was converted into a bank in 1984, received its RBI banking licence in December 1989, and achieved Scheduled Bank status in October 1996 and Multi-State Co-operative Bank status in January 1998. As of FY 2024-25, the bank reported a Business Mix (deposits + advances) of Rs. 4,852.09 crore, Working Capital of Rs. 3,932.87 crore, and 13,373 regular members.

The bank operates a conventional cooperative banking technology stack anchored on a core banking platform with digital payment integrations — direct UPI membership (since April 2023), IMPS via the in-house CCB IMPS mobile app, RuPay debit card acceptance on the NFS network, BBPS bill payments (via Thane Janta Sahakari Bank), and QR code merchant acquiring (via Futuretek's GetePay). Internet banking is view-only; primary digital interactions remain account enquiries and IMPS transfers. The product catalogue spans eight savings/current account variants, nine term-deposit schemes (FD1000/FD500/FD365, RAP30/90, QIRP, MIP, RD), and more than 20 loan products covering housing, vehicle, gold, education, travel, business, doctor-care, mortgage, superbike, commercial transport, lease rental discounting, MSE 100, solar, reverse mortgage, and consumer credit. Supplementary revenue is generated through corporate-agency distribution of life and general insurance (Axis Max Life, HDFC Life, United India, Bajaj Allianz), AMFI-registered mutual fund distribution across 20 AMCs, foreign exchange and travel currency cards via Thomas Cook, lockers, and franking services.

The bank's revenue model is the standard cooperative-bank spread-plus-fee construct: net interest margin between deposit costs (savings 3.00%; FDs up to 6.35%) and lending yields (housing 7.40%, personal vehicle 7.50–9.50%, gold 8.00%, education 9.00–11.00%, doctor care 9.50–11.50%, business up to PLR minus 175 bps), supplemented by transaction fees, locker rentals, and trail commissions on distributed third-party financial products. Distribution is branch-led and relationship-driven across 46 locations, supplemented by digital self-serve channels and toll-free customer support. Profitability for FY 2024-25 was modest, with an ROA of 0.58% against Gross NPAs of 5.44% and Net NPAs of 0.49%, reflecting deteriorating credit quality offset by a 91.44% Provision Coverage Ratio.

Name

Citizencredit Co-op Bank

Legal name

Citizencredit Co-operative Bank Ltd.

Website

https://citizencreditbank.com

Company type

Private

Founded year

1984

Operating status

Operating

Headcount range

11–50 employees

Short description

Citizencredit Co-op Bank is a multi-state cooperative bank headquartered in Mumbai, serving retail individuals, SMEs, and professionals across 46 branches in Maharashtra, Goa, and Daman with deposits, 20+ loan products, and digital banking.

Ownership category

akta.pro rank

Product category

Cooperative Retail Banking

NAICS

Credit Unions (522130), Depository Credit Intermediation (5221), Consumer Lending (522291)

SIC

National Commercial Banks (6021), Personal Credit Institutions (6141)

akta.pro primary industry

Prime Unsecured Personal Loans (Installment) (FSAKAAAA)

akta.pro secondary industry

Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG)

Keywords

• Cooperative banking
• Retail banking services
• Term deposits
• Personal lending
• SME banking

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices8 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income on Advances: The primary revenue stream is interest income earned on the loan portfolio, which includes housing loans (7.40% p.a.), personal vehicle loans (7.50–9.50% p.a.), gold loans (8.00% p.a.), education loans (9.00–11.00% p.a.), doctor care loans (9.50–11.50% p.a.), business loans (up to PLR minus 175 bps), mortgage loans (9.00% p.a.), travel loans (12.00–13.00% p.a.), and other retail/sME credit products.
2. Interest on Deposits (Cost of Funds): Interest paid to depositors on savings accounts (3.00% p.a.) and term deposits (3.00%–6.35% p.a. across various tenors including RAP30 at 3.75%, RAP90 at 4.25%, FD365 at 6.10%, FD500 at 6.25%, FD1000 at 6.35%), generating net interest margin between lending and deposit rates.
3. Fee and Commission Income: Fee income from account maintenance charges, cheque book charges (Rs. 2/- per leaf), ATM card issuance and replacement fees, locker rentals, NEFT/RTGS charges (mostly nil), processing fees on loans, service charges on advances, and miscellaneous banking fees.
4. Bancassurance and Insurance Distribution: The bank acts as a corporate agent (IRDAI Reg. No. CA0216) for life insurance products (Axis Max Life Insurance, HDFC Standard Life Insurance) and general insurance products (United India Insurance Co. Ltd., Bajaj Allianz General Insurance), earning trail commission on mutual fund and insurance products sold to customers.
5. Mutual Fund Distribution: The bank is empanelled as a mutual fund distributor (AMFI Registration No. ARN-120472) since May 2017, distributing schemes from 20 AMCs including HDFC AMC, SBI MF, ICICI Prudential, Aditya Birla Sunlife, TATA MF, AXIS MF, Nippon India MF, UTI MF, and others, earning trail commissions ranging from 0% to 2.25% depending on the fund category.
6. Foreign Exchange Services: Revenue from foreign exchange services including currency note purchase/sale, travel currency card issuance and reloads (via Thomas Cook partnership), traveller's cheque encashment, foreign demand draft issuance, and international funds transfer (via Karnataka Bank and IndusInd Bank partnerships).

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels7 records

Core offering

Citizencredit Co-operative Bank is a multi-state cooperative bank offering a complete suite of retail and small-business banking services through 46 branches and digital channels. Its core offering spans deposit products (savings accounts, current accounts, NRE, minor/junior accounts, BSBDA, salary accounts, term deposits including FD365/FD500/FD1000, RAP30/RAP90, QIRP, MIP, and RD), lending products (housing, vehicle, gold, education, travel, business, doctor care, mortgage, superbike, commercial transport, MSE, solar smart, flexi credit, reverse mortgage, and loans against deposits/shares/insurance/NSC), and transactional services (UPI, IMPS, NEFT/RTGS, RuPay debit cards, safe deposit lockers, foreign exchange with travel currency cards, BBPS bill payments, QR code acceptance, and bancassurance/mutual fund distribution via partnerships).

Product overview

Citizencredit Co-op Bank operates as a multi-state cooperative bank offering a comprehensive suite of banking products organized into three main categories: Deposit Products (savings accounts including regular, NRE, Minor, Junior, BSBDA variants, and Salary/Current accounts; and term deposits including Fixed Deposits FD1000/FD500/FD365, Rapid Accrual Plans RAP30/RAP90, QIRP, MIP, and Recurring Deposits), Loan Products (secured and unsecured lending including Housing, Vehicle, Gold, Education, Travel, Business, Doctor Care, Loan Against Property, Superbike, Commercial Transport, Lease Rental Discounting, Consumer, Loans Against Securities/Insurance/NSC, Reverse Mortgage, MSE 100, Solar Smart, and Flexi Credit), and Service Products (Foreign Exchange with travel currency cards, UPI, QR Code Payments, Safe Deposit Lockers, IMPS, RTGS, NEFT, ABB, RuPay Debit Cards, Internet Banking, Life and General Insurance through Bancassurance partnerships, Franking, E-Tax Payment, and Mutual Fund Distribution). The bank serves retail, SME, and NRI customers across 46 branches in Maharashtra, Goa, Daman, and Pune through a digital platform supporting UPI and IMPS payments, with insurance and investment products distributed via partner arrangements.

Differentiator

Problem solved

Functional benefit

Products and services

• Savings Bank Account Basic savings account offering unlimited deposits, passbook, NEFT/RTGS, SMS alerts, e-statements, RuPay ATM & Debit Card, IMPS, and limited Internet Banking. Minimum balance of Rs. 200 without cheque book or Rs. 1,000 with cheque book facility. Designed for individual retail customers.
• NRE Account Non-Resident External Rupee savings account for Indian citizens resident outside India. Offers tax-free interest, unlimited deposits, IMPS via mobile app, and view-only Internet Banking. Minimum balance Rs. 1,000.
• Minor Savings Account Savings account for minors below 18 years, operated through natural or legally appointed guardian. Includes 2 free cheque books annually and unlimited deposits.
• Junior Savings Bank Account Savings account for minors 10 years and above who can independently operate the account with guardian consent. Features RuPay ATM card, 5 monthly withdrawals, and daily withdrawal limit of Rs. 5,000.
• BSBDA (Basic Savings Bank Deposit Account) Zero balance savings account with no minimum balance requirement. Includes 1 free cheque book, unlimited deposits, RuPay ATM card with Rs. 25,000 daily withdrawal limit, NEFT/RTGS, and 5 free debit transactions monthly.
• BSBDA Small Simplified KYC savings account with no minimum balance. Maximum credit of Rs. 1 lakh yearly, balance cap of Rs. 0.50 lakh, and monthly cash withdrawal limit of Rs. 10,000.
• Salary Savings Account Zero balance account for salaried individuals up to 55 years from reputed organizations. Requires minimum 5 employees per organization. Features free ATM card with 5 free transactions at other banks' ATMs and 1 personalized cheque book.
• Current Account Business account for public/private limited companies, partnership firms, trusts, societies, and unincorporated associations. Offers unlimited deposits and withdrawals, free monthly statements, with monthly average balance requirement of Rs. 2,000.
• FD1000 (1000-Day Fixed Deposit) Fixed deposit with 1000-day tenure offering 6.35% p.a. interest (effective January 15, 2026). Auto-renewal at prevailing rates on maturity. Additional 0.25% concession for senior citizens.
• FD500 (500-Day Fixed Deposit) Fixed deposit with 500-day tenure offering 6.25% p.a. interest (effective January 15, 2026). Additional 0.25% concession for senior citizens.
• FD365 (365-Day Fixed Deposit) Fixed deposit with 365-day tenure offering 6.10% p.a. interest with quarterly interest frequency (effective January 15, 2026). Additional 0.25% for senior citizens. Auto-renewal available with DICGC insurance coverage.
• RAP90 (Rapid Accrual Plan - 90 day) Short-term deposit with 90-day cycle and three automatic renewals (total 360 days). Interest credited to savings account or added to principal. Minimum deposit Rs. 5,000 at 4.25% p.a. (effective January 15, 2026).
• RAP30 (Rapid Accrual Plan - 30 day) Short-term deposit with 30-day cycle and eleven automatic renewals (total 360 days). Interest credited to savings account or added to principal at 3.75% p.a. (effective January 15, 2026).
• QIRP (Quarterly Interest Re-investment Plan) Term deposit with interest compounded at quarterly rests. Minimum 6 months to maximum 60 months tenure. Minimum deposit Rs. 1,000 with rates ranging from 3.00% to 6.10% p.a. depending on tenure.
• MIP (Monthly Income Plan) Fixed deposit providing assured monthly income. Minimum 12-month tenure with monthly interest payouts.
• Recurring Deposit (RD) Regular savings deposit with monthly installments. Minimum deposit Rs. 100 with interest payable on maturity.
• Fixed Deposit (FD) Standard fixed deposit with tenure from 31 days to 1826 days (5 years). Minimum deposit Rs. 500. Covered under DICGC insurance. Interest from 3.00% to 6.10% p.a. across tenors (effective January 15, 2026).
• Housing Loan Home purchase, construction, and refinancing loan. Up to 90% of agreement/market/construction cost for loans up to Rs. 50 lakhs. Maximum Rs. 200 lakhs over 240 months. Rate: 7.40% p.a. (PLR less 4.60%). CIBIL-based pricing applies.
• Personal Vehicle Loan New and pre-owned vehicle financing. New vehicles up to 90% of on-road price (below Rs. 10L) or 85% (above Rs. 10L). Pre-owned vehicles up to 75% of valuation. Repayable in 84 EMIs. Rates: 7.50% (new), 9.50% (pre-owned). CIBIL-based pricing applies.
• Gold Loan Loan against gold ornaments pledged to the bank. Up to 90% of gold value (per bank's specified rates), maximum Rs. 10 lakhs, repayment up to 12 months. Rate: 8.00% p.a. (PLR less 4.00%).
• Education Loan Higher education financing in India (up to Rs. 20 lakhs) or abroad (up to Rs. 150 lakhs). Repayment up to 60 months (up to Rs. 4L) or 180 months (above Rs. 4L). Rates: 11.00% (unsecured), 9.00% (secured). 0.25% concession for girl students; 1.00% moratorium concession on prompt servicing.
• Travel Loan Domestic and international travel financing including airfare, visa, accommodation, meals, and sightseeing. Maximum Rs. 2 lakhs (individuals), Rs. 10 lakhs (family unit), Rs. 25 lakhs (professionals). Rates: 13.00% (unsecured), 12.00% (secured). Tenure 2-3 years.
• Business Loan Working capital and term loan for service providers, professionals, and self-employed persons. Term loan up to 75% of Performa Invoice. Maximum 84 months. Rate: 12.00% PLR with concession up to 175 bps based on rating.
• Doctor Care Loan Practice setup, equipment purchase, and clinic/hospital refurbishment loans for qualified doctors. New practitioners: up to Rs. 100 lakhs; existing practitioners: up to Rs. 300 lakhs. Combo car loan available. Rates: 9.50% (up to 84 months), 11.50% (84-120 months). Collateral-free up to Rs. 25-50 lakhs depending on practitioner status.
• Loan Against Property (LAP) Mortgage loan for medical, education, marriage, travel, business, renovation, or any reasonable purpose. Up to 60% of property value, repayment up to 10 years. Rate: 9.00% p.a. (PLR less 3.00%).
• Superbike Loan Two-wheeler loan for new superbikes. Maximum 48 months (below Rs. 1L) or 60 months (above Rs. 1L). Rates: 10.50% (up to Rs. 1L), 10.00% (above Rs. 1L), 9.50% (salary account holders).
• Commercial Transport Operators Loan Fleet expansion loans for commercial vehicle businesses. Up to 90% of chassis invoice value or 75% for body building. Repayment up to 84 months including moratorium. Rate: 10.25% p.a.
• Lease Rental Discounting Liquidity solution by encashing rental cash flows from leased properties. For PSU/government/reputed corporates/pvt hospitals/HNIs. Maximum Rs. 1,000 lakhs, repayment up to 120 months. Rate: 12.00% PLR.
• Consumer/Surety Loan Consumer goods and personal expense loans excluding gold purchase and speculation. 100% financing up to Rs. 1 lakh, 85% above Rs. 1 lakh to Rs. 2 lakhs. Maximum Rs. 5 lakhs. Repayment 3-4 years. Rate: 13.00% p.a.
• Loan Against NSC/KVP Loan against National Savings Certificates and Kisan Vikas Patras. Maximum 50% of face value, repayment up to 36 months. Rate: 11.50% p.a.
• Loan Against Shares/Mutual Funds Overdraft facility against equity shares and mutual fund units in demat form. Maximum 50% of market value (60% for IT/communications/entertainment sectors). Maximum Rs. 10 lakhs, repayment up to 12 months. Rate: 12.50% p.a.
• Loan Against Bank Deposits Short-term loan against term deposits with the bank. Maximum 90% of deposit face value, repayment up to 1 year or deposit maturity. Rate: 2% above deposit rate (1% for senior citizens).
• Loan Against Insurance Policy Loan against LIC endowment policy surrender value. Maximum 85% of surrender value. Rate: 9.00% p.a.
• Reverse Mortgage Loan (Aashraya) Senior citizen loan providing regular income against residential property. For ages 60-85 years. Maximum Rs. 100 lakhs. Monthly/quarterly/half-yearly/annual disbursements. Rate: 10.00% p.a. fixed for 5 years.
• MSE 100 (Micro and Small Enterprise Loan) Micro and Small Enterprise loan facility with term loan/cash credit/non-fund based options. Manufacturing: Rs. 10 Cr max; Service: Rs. 5 Cr max. Term loans up to 84 months. Rate: PLR up to 200 bps reduction. Processing fee: 0.50% of aggregate limits capped at Rs. 1 lakh for loans up to Rs. 5 Crs.
• Solar Smart Loan Solar power system financing for individuals, societies, and businesses. Minimum Rs. 50,000, maximum Rs. 50 lakhs. Households up to Rs. 5 lakhs. Repayment 3 years (households) or 5 years (business). Rates: 10.50% (up to Rs. 2L), 9.50% (above Rs. 2L to Rs. 50L).
• Flexi Credit Loan Flexible credit for confirmed employees with 2+ years service at banking partners. Maximum 12x net monthly income or Rs. 5 lakhs. Repayment 48 months with reducing drawing power. Rate: 10.00% floating.
• Foreign Exchange Services Currency notes (USD, GBP, EUR, AUD, etc.), travel currency cards, travellers cheque encashment, foreign demand drafts, and international funds transfer through partner banks (Karnataka Bank and IndusInd Bank).
• UPI (Unified Payments Interface) Instant real-time payment system through mobile phones. Direct member of NPCI UPI platform. Available 24x7, supports single-click authentication, virtual address payments, QR code, and utility bill payments.
• QR Code Payments (GetePay) Merchant QR code facility through GetePay app by Futuretek Commerce Private Limited. Activation within 2 hours of document submission.
• Safe Deposit Lockers Secure storage for jewellery, valuables, and documents. Available in Small, Medium, and Large sizes with rental from Rs. 2,000 to Rs. 7,000 per year plus a fixed deposit. Rent-free small locker for 1 year on new credit facilities of Rs. 5 lakhs+. Available at 19 branches.
• IMPS (Immediate Payment Service) Instant 24x7 interbank fund transfer via mobile app (CCB IMPS). Supports P2P (mobile number/MMID) and P2A (account number/IFSC) transfers with real-time settlement.
• RTGS (Real Time Gross Settlement) Large-value fund transfer with real-time, gross settlement. Minimum Rs. 2 lakhs with no upper ceiling. Free inward, nil outward charges.
• NEFT (National Electronic Funds Transfer) Nationwide electronic funds transfer between NEFT participant banks. Same-day or next-day credit depending on settlement batch. Nil outward charges at the bank.
• ABB (Any Branch Banking) Inter-branch banking services in Mumbai, Goa, Nashik, Daman, and Pune. Includes cash deposit/withdrawal, funds transfer, inter-branch cheque/payorder deposit, and RTGS/NEFT direct credit.
• RuPay ATM cum Debit Card Card accepted at NFS network ATMs and RuPay merchants nationwide. Supports online transactions with OTP verification. Annual fee Rs. 100, card replacement Rs. 150.
• Travel Currency Cards (Thomas Cook) Prepaid forex cards through Thomas Cook (India) Limited. Multi-currency (9 currencies: USD, GBP, EUR, AUD, CAD, SGD, CHF, AED, JPY, THB) and single currency (USD) options. Valid 5 years with reload facility.
• Life Insurance Distribution (Bancassurance) Corporate agent (IRDAI Reg. CA0216) for Axis Max Life Insurance and HDFC Standard Life Insurance. Products include protection, pension, savings, income, and health plans distributed through all 46 branches.
• General Insurance Distribution (Bancassurance) Corporate agent for United India Insurance Co. Ltd and Bajaj Allianz General Insurance. Products include motor, health, travel, home, and critical illness insurance.
• Franking Services Stamp franking services authorized by Government of Maharashtra. Available at Hill Road (Mumbai), Camp (Pune), Thane, and Nashik branches.
• E-Tax Payment Electronic payment service for direct and indirect taxes through the bank.
• Mutual Fund Distribution AMFI-registered mutual fund distributor (ARN-120472) distributing schemes from 20 AMCs including HDFC AMC, SBI MF, ICICI Prudential, Aditya Birla Sunlife, TATA MF, AXIS MF, Nippon India MF, UTI MF, and others. Earns trail commissions ranging from 0% to 2.25% depending on fund category.

Quantifiable outcome

• 100-year track record of continuous operations since May 1920
• +5 more outcomes

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration15 records

Feature5 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• M/s Futuretek Commerce Private LimitedcoreTechnology or Integration · 1 March 2024Agreement with Futuretek Commerce Private Limited to provide QR code facility through the 'GetePay' app and online payment solutions (Shikshapay) to schools. Customers can register for QR codes by submitting KYC documents at branches; activation completed within two hours.
• Stock Holding Corporation of India Limited (SHCIL)minorChannel Partner/ Reseller/ Distributor · 30 September 2022Demat operations business handed over to SHCIL as of September 30, 2022, following closure of the bank's own depository services. SHCIL contact: 104, Shyam Kamal, A Wing, 1st Floor, OPP. Vile Parle Station, Vile Parle (East), Mumbai - 400 057. Customers advised to transfer or close demat accounts.
• Thomas Cook (India) LimitedcoreTechnology or IntegrationCorporate collaboration with Thomas Cook for travel currency cards (Forex Travel Currency Cards). Cards available on MasterCard and Visa platforms as prepaid foreign currency cards. Two card types: Borderless Prepaid Currency Card (multi-currency: USD, GBP, EUR, AUD, CAD, SGD, CHF, AED, JPY, THB) and One Currency Card (USD only). Cards sold at all bank branches; reload forms available for returning travelers.
• Axis Max Life Insurance LimitedcoreChannel Partner/ Reseller/ DistributorCorporate agency partnership for life insurance distribution (IRDAI Certificate Registration No. CA0216). The bank acts as a corporate agent selling Axis Max Life Insurance products — a joint venture between Max Financial Services Limited and Axis Bank Limited, offering protection and long-term savings life insurance solutions. FY2024-25: Gross written premium Rs. 33,223 crores; 99.70% individual policy claims settled.
• HDFC Standard Life Insurance Company LimitedcoreChannel Partner/ Reseller/ DistributorCorporate agency partnership for life insurance distribution (IRDAI Reg. No. CA0216). HDFC Life is a joint venture between Housing Development Finance Corporation Limited and Standard Life Aberdeen PLC. Products include protection, pension, savings, income, and health insurance solutions distributed through all branches.
• United India Insurance Co. Ltd.coreChannel Partner/ Reseller/ DistributorCorporate agent partnership for general insurance distribution. United India Insurance is a government-owned insurance company. Products include motor, health, home, and other general insurance categories.
• Bajaj Allianz General Insurance Co. Ltd.coreChannel Partner/ Reseller/ DistributorCorporate agent partnership for general insurance distribution (IRDAI Reg. No. CA0216). Products distributed include: Premium Personal Guard, Travel, Individual Critical Illness, Health Guard, My Home Insurance Plan, Extra Care Plus, Private Car, and Two Wheeler insurance.

Scale indicators13 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Cosmos Co-operative Bank: Pune-headquartered multi-state cooperative bank with a multi-state license, broad retail/SME product suite, and significant Maharashtra branch network. Highly comparable on product mix and customer profile.
• NKGSB Co-operative Bank: Mumbai-headquartered multi-state cooperative bank offering full retail and SME banking services, including housing, vehicle, education, and gold loans. Directly comparable on product portfolio and target customer segments.
• Bassein Catholic Co-operative Bank: Multi-state cooperative bank headquartered in Vasai, Maharashtra, with similar Catholic-community heritage, retail/SME focus, and western-India branch footprint. Most structurally analogous to Citizencredit — same founding-community DNA and regulatory category.
• Thane Janta Sahakari Bank: Multi-state cooperative bank headquartered in Thane, Maharashtra, with similar retail/SME focus. Already an operational partner of Citizencredit for BBPS services, indicating close competitive positioning.
• Kalyan Janata Sahakari Bank: Kalyan-based multi-state cooperative bank serving retail and SME customers across Maharashtra. Comparable in scale (~Rs. 4,000-5,000 crore business mix), product mix, and regulatory category.
• Bombay Mercantile Co-operative Bank: Long-established Mumbai-based cooperative bank serving retail and SME customers. Operates in the same regulatory category, geography, and customer segments as Citizencredit; explicitly referenced in Citizencredit's board composition.
• TJSB Sahakari Bank: Thane-headquartered multi-state cooperative bank with retail and SME focus, similar Maharashtra-concentrated footprint and full-service product offering including digital channels.
• Abhyudaya Co-operative Bank: Mumbai-based multi-state cooperative bank with urban retail and SME lending focus, comparable deposit-and-advance business model and multi-state regulatory footprint.
• Saraswat Co-operative Bank: Largest urban cooperative bank in India by business mix, headquartered in Mumbai with a multi-state license and broad retail/SME product set. Closest 'at-scale' comparable for benchmarking Citizencredit's product breadth and pricing.

Broad incumbents

• Punjab & Maharashtra Co-operative Bank: Larger multi-state cooperative bank with multi-thousand crore deposit base and broader geographic footprint; provides a benchmark for scale and operational complexity that Citizencredit aspires to, though significantly larger.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/CCBMyBank
• Instagraminstagram.com/ccbmybank
• LinkedInlinkedin.com/company/citizen-credit-co-operative-bank-ltd.

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

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 Citizencredit Co-op Bank