The Abhinav Sahakari Bank

What The Abhinav Sahakari Bank does

The Abhinav Sahakari Bank is a member-owned cooperative bank headquartered in Dombivli East, Maharashtra, India, founded on 20 September 1976 by Dr. Dattatraya Madhav Munshi. It operates 17 branches across Maharashtra serving more than 34,000 members, with a customer base concentrated among retail consumers and small businesses in the Mumbai Metropolitan Region. The bank is RBI-licensed and DICGC-registered, and has held continuous "Audit Class A" classification along with RBI "Financial Sound Bank" status for over a decade.

The bank's product portfolio spans core deposit accounts (Savings, Current, Fixed Deposits, Recurring Deposits) and a retail lending suite covering Personal Loans, Vehicle Loans, Gold Loans, Housing Loans, Home Renovation Loans, and Education Loans. The technology stack is built on a Core Banking System with Cheque Truncation System implementation dating to 2010, complemented by Mobile Banking, Internet Banking, SMS Alerts, and ATM services. Integration with NPCI provides IMPS, NEFT, RTGS, and RuPay rails, and an At Par Cheque arrangement with Axis Bank extends instrument clearing reach. Headcount is in the 11–50 range.

Revenue is generated primarily through net interest margin on the loan book of ₹290+ crores, funded by deposits of ₹540+ crores, supplemented by transaction fees, service charges, and treasury income. The member-owned cooperative model returns surplus to members, with FY 2024-25 profit of ₹407.46 lakhs supporting a 10% dividend declaration. The bank's defensibility rests on regulatory licensing, branch density in its home market, and multi-decade community trust rather than on technology differentiation or scale economics.

Name

The Abhinav Sahakari Bank

Legal name

The Abhinav Sahakari Bank Ltd

Website

https://abhinav.bank.in

Company type

Private

Founded year

1976

Operating status

Operating

Headcount range

11–50 employees

Short description

The Abhinav Sahakari Bank is a member-owned cooperative bank operating 17 branches across Maharashtra, serving 34,000+ retail and small-business customers with deposit products, personal and secured loans, and digital banking services.

Ownership category

akta.pro rank

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices18 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income from Loans: Primary revenue from interest charged on various loan products including personal loans, vehicle loans, gold loans, housing loans, education loans, and commercial loans
2. Deposit Interest: Interest paid to depositors on savings accounts, fixed deposits, and recurring deposits
3. Transaction and Service Fees: Fees from ATM transactions, NEFT/RTGS transfers, SMS alerts, mobile banking, account services, and various processing charges
4. Processing Charges: Processing fees on loans and advances including personal, commercial, and professional loans
5. Commission on Third-party Products: Commission from insurance, mutual funds, and other third-party financial products

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels3 records

Core offering

The Abhinav Sahakari Bank is a cooperative bank offering traditional deposit products (Savings, Current, Fixed, and Recurring Deposits) and a diverse lending portfolio (Personal, Vehicle, Gold, Housing, Home Renovation, Education, Commercial, and Professional Loans) to retail customers, small businesses, and professionals. It also provides digital banking services including Mobile Banking, Internet Banking, IMPS, NEFT/RTGS, ATM Services, and SMS Alerts, all delivered through 17 branches across Maharashtra supported by a Core Banking System.

Product overview

The Abhinav Sahakari Bank is a cooperative bank offering a comprehensive suite of traditional banking products organized into deposit schemes and lending products. The deposit portfolio includes Savings Account, Current Account, Fixed Deposit, and Recurring Deposit products. The lending portfolio encompasses Personal Loan, Vehicle Loan, Gold Loan, Housing Loan, Home Renovation Loan, Education Loan, Loan/Overdraft against Paper Security, Loan/Overdraft against Bank's Deposit, Overdraft/Term Commercial Loan, and Loan to Professionals. The bank also provides digital banking services including Internet Banking, Mobile Banking (available on Google Play Store), IMPS, NEFT/RTGS fund transfers, ATM Services, and SMS Alert notifications. All services are supported by Core Banking System (CBS) infrastructure connecting 17 branches across the Dombivli region.

Differentiator

Problem solved

Functional benefit

Products and services

• Savings Account Basic savings deposit account allowing customers to deposit and withdraw funds with interest earnings and cheque book facilities, targeting individual depositors.
• Current Account Business deposit account designed for frequent transactions with no interest earnings, typically used by businesses and organizations.
• Fixed Deposit Term deposit product offering guaranteed returns with fixed interest rates for a specified maturity period, targeting individual savers.
• Recurring Deposit Systematic deposit product where customers make regular monthly deposits toward a fixed maturity amount.
• Personal Loan Unsecured credit facility for personal expenses including medical emergencies, weddings, and other individual financial needs.
• Vehicle Loan Secured loan product for purchasing new or used vehicles including cars and two-wheelers.
• Gold Loan Loan against gold ornaments and jewellery as collateral, providing quick access to credit based on gold value.
• Housing Loan

Quantifiable outcome

• Profit of Rs. 407.46 Lacs for FY 2024-25 with 10% dividend payout
• +2 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered core.

• National Payments Corporation of India (NPCI)coreTechnology or IntegrationIntegration with NPCI for IMPS (Immediate Payment Service), NEFT, and RuPay ATM card services enabling real-time fund transfers and nationwide ATM access
• Deposit Insurance and Credit Guarantee Corporation (DICGC)coreOthersRegistered with DICGC providing insurance coverage on deposits up to the specified limit for customer protection

Scale indicators9 records

Recent moves6 records

Expansion highlights3 records

Direct peers

• Saraswat Co-operative Bank Ltd. India's largest urban cooperative bank with a similar full-service retail and SME lending model. Comparable in product breadth, Maharashtra presence, and member-owned cooperative structure with similar digital and regulatory positioning.
• GP Parsik Sahakari Bank Ltd. Cooperative bank based in the Dombivli/Kalyan belt offering a comparable retail and small-business banking suite. Direct geographic overlap with Abhinav's catchment area and similar product/branch model.
• Bharat Co-operative Bank (Mumbai) Ltd. One of the largest co-operative banks in Maharashtra, offering a comparable product suite (savings, current, fixed deposits, personal/home/gold loans) and digital banking. Highly comparable as both are member-owned cooperative banks serving the Mumbai Metropolitan Region.
• NKGSB Co-operative Bank Ltd. Mumbai-based cooperative bank providing savings, deposits, retail loans, and digital channels. Comparable peer as a regional cooperative bank overlapping with Abhinav's core product and customer segments.
• Apna Sahakari Bank Ltd. Maharashtra-headquartered cooperative bank serving retail and small businesses with savings, deposits, and lending products. Highly comparable peer competing directly in similar Mumbai Metropolitan Region and semi-urban markets.
• Janata Sahakari Bank Ltd. (Pune): Maharashtra-headquartered cooperative bank offering a similar traditional product mix and serving urban/semi-urban retail and SME clients. Comparable in scale, product set, and member-owned model with city-level concentration.
• Shamrao Vithal Co-operative Bank Ltd. Maharashtra-based cooperative bank providing savings, deposits, retail, and SME loans with digital banking. Comparable as a sister Maharashtra cooperative bank competing for the same retail and small-business customer base.

Broad incumbents

• City Union Bank Ltd. Small private-sector commercial bank in India focused on retail and SME lending. Comparable in scale and product mix, though it is investor-owned and listed rather than cooperative; useful benchmark for the broader small Indian commercial bank set.
• Karnataka Bank Ltd. South India-based private commercial bank providing retail deposits, personal/business loans, and digital services. Comparable as a mid-sized traditional commercial bank with a similar product menu though operating in a different geographic region.
• Federal Bank Ltd. Large Indian private-sector bank with a strong presence in semi-urban and retail segments, including NRI and SME banking. A broader incumbent peer with overlapping retail/SME lending products and digital channels.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/AbhinavBank
• LinkedInlinkedin.com/company/the-abhinav-sahakari-bank-ltd

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 The Abhinav Sahakari Bank