Apna Sahakari Bank

What Apna Sahakari Bank does

Apna Sahakari Bank Ltd., doing business as Apna Bank, is an India-based cooperative bank founded in 1968 and headquartered at Apna Bank Bhavan, Dr. S.S.Rao Road, Lalbaug, Parel, Mumbai. It operates as a Multi State Scheduled Bank under the regulatory oversight of the Reserve Bank of India and holds an Authorized Dealer Category-II (AD-II) license permitting foreign exchange services for non-trade current account transactions. The bank serves individual retail consumers, salaried employees, small and medium enterprises, and collateral-backed borrowers through a branch network that spans multiple Indian states, and all deposits are insured under the DICGC scheme.

The product portfolio is split between deposits — Savings Deposit, Kumar Bachat (recurring deposit), Current Account, and Term Deposit — and loans, including Gold Loan, Business Loans, Salaried Employee Loan, Surety Loan, Housing Loans, House Repairing Loan, Apna Mortgage Loan, Education Loan, Vehicle Loan, and Commercial Property Loan. Ancillary services comprise Trade Finance and Forex, Insurance and Mutual Fund distribution, Safe Deposit Lockers, NEFT/RTGS fund transfers, SMS banking, franking, and Mobile Banking IMPS. Digital infrastructure is anchored by the Apna RuPay Debit Card, launched in 2015 in partnership with NPCI, supporting POS, online, and ATM transactions, with IMPS fund-transfer limits raised to Rs. 500,000 in 2025.

Revenue is generated principally from the net interest spread on deposits and loans, supplemented by transaction fees from NEFT/IMPS and card activity, commissions on AD-II forex transactions, and affiliate referral income from third-party insurance and mutual fund distribution. Distribution is hybrid: a physical branch and ATM network paired with self-serve digital channels. The bank is a private, member-owned cooperative with 51–100 employees, no disclosed equity funding, and no disclosed acquisitions, leadership changes, or restatements.

Name

Apna Sahakari Bank

Legal name

APNA SAHAKARI BANK LTD.

Website

https://apnabank.co.in

Company type

Private

Founded year

1968

Operating status

Operating

Headcount range

51–100 employees

Short description

Apna Sahakari Bank is a Mumbai-headquartered, RBI-regulated Multi State Scheduled cooperative bank founded in 1968, offering deposits, retail and SME loans, RuPay debit cards, IMPS mobile banking, and AD-II forex services to retail consumers, salaried employees, and small businesses across multiple Indian states.

Ownership category

akta.pro rank

Product category

Cooperative Banking

NAICS

Commercial Banking (52211)

SIC

National Commercial Banks (6021)

akta.pro primary industry

SME Business Lending (Term Loans, Lines of Credit, Overdrafts) (FSABABAB)

Keywords

• Cooperative banking services
• Deposit accounts
• Retail lending
• Digital banking
• Trade finance services

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices1 record

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: Primary revenue stream from interest charged on various loan products including Gold Loans, Business Loans, Housing Loans, Education Loans, Vehicle Loans, and other credit facilities. Interest rates vary by product category.
2. Interest on Deposits: Interest paid to depositors on savings accounts, term deposits, recurring deposits, and current accounts. The spread between lending and deposit rates constitutes core banking income.
3. Fee and Commission Income: Transaction fees from services including fund transfers (NEFT/IMPS), card transactions, account maintenance, trade finance services, and forex transactions.
4. Insurance and Mutual Fund Distribution: Revenue from distribution of third-party insurance products and mutual funds through the bank's service network.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Apna Sahakari Bank is a Multi State Scheduled cooperative bank providing retail and commercial banking products to individuals, salaried employees, and small and medium enterprises. Its core offering includes deposit products (Savings, Kumar Bachat recurring, Current Account, Term Deposit), loan products (Gold Loan, Business Loans, Housing, Mortgage, Education, Vehicle, Salaried, Surety, Commercial Property), and ancillary services such as Trade Finance & Forex under an RBI AD-II license, NPCI RuPay Debit Card, NEFT/IMPS fund transfers, Mobile and SMS banking, Safe Deposit Lockers, and third-party Insurance/Mutual Fund distribution.

Product overview

Apna Sahakari Bank is a Multi State Scheduled Bank offering a comprehensive suite of banking products and services. The product portfolio comprises two primary categories: Deposit Products (Savings Deposit, Kumar Bachat recurring deposit, Current Account, and Term Deposit) and Loan Products (Gold Loan, Business Loans, Salaried Employee Loan, Surety Loan, Housing Loans, House Repairing Loan, Apna Mortgage Loan, Education Loan, Vehicle Loan, and Commercial Property Loan). The bank also provides services including Trade Finance & Forex Services, Insurance/Mutual Fund distribution, Apna RuPay Debit Card, Safe Deposit Lockers, NGRTGS/NEFT fund transfers, Apna SMS alerts, Franking services, and Mobile Banking IMPS. The digital banking infrastructure supports RuPay card payments, mobile-based fund transfers, and foreign exchange services under RBI's AD-II License.

Differentiator

Problem solved

Functional benefit

Brands

• Apna RuPay Debit Card: Co-branded debit card launched in association with National Payment Corporation of India (NPCI) for Apna Bank customers.

Quantifiable outcome

• IMPS transaction limit increased to Rs. 500,000 for enhanced fund transfer capability
• +1 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Three partnerships are on record, tiered core.

• National Payment Corporation of India (NPCI)coreTechnology or IntegrationApna Bank launched Apna RuPay Debit Card in association with NPCI. This partnership enables the bank to offer digital payment services including POS transactions, online purchases, and ATM withdrawals through NPCI's payment infrastructure and RuPay card network.
• Reserve Bank of IndiacoreOthersThe bank has been granted AD-II License by RBI to release/remit Foreign Exchange for Non-Trade Current Account Transactions. This regulatory authorization enables the bank to provide forex services to customers.
• Deposit Insurance and Credit Guarantee Corporation (DICGC)coreOthersDICGC provides deposit insurance protection to depositors of insured banks. Apna Bank is a DICGC-insured institution, providing customers with coverage on their deposits.

Scale indicators1 record

Recent moves5 records

Expansion highlights4 records

Direct peers

• NKGSB Co-operative Bank: Mumbai-based multi-state scheduled cooperative bank with comparable product portfolio including savings deposits, gold loans, housing loans, and digital banking channels. Direct competitor in the Maharashtra cooperative banking space.
• Saraswat Co-operative Bank: India's largest multi-state scheduled cooperative bank, headquartered in Mumbai. Directly comparable as a cooperative bank offering deposits, SME lending, gold loans, housing loans, and digital banking services with multi-state branch network.
• Cosmos Co-operative Bank: Multi-state scheduled urban cooperative bank based in Pune with similar product mix including gold loans, housing finance, NRI services, and digital banking. Comparable scale and customer base to Apna Sahakari Bank.
• Punjab & Maharashtra Co-operative Bank (PMC Bank): Multi-state scheduled cooperative bank serving retail and SME customers across Maharashtra and beyond. Comparable multi-state scheduled status and product offerings, though operates under heightened RBI scrutiny.
• Shamrao Vithal Co-operative Bank (SVC Bank): Mumbai-headquartered multi-state cooperative bank offering similar deposit and loan products including gold loans, housing loans, and business banking. Direct competitor in the Maharashtra cooperative banking market.
• Thane Bharat Sahakari Bank: Multi-state scheduled cooperative bank based in Maharashtra offering traditional deposit and loan products. Direct peer in the urban cooperative banking segment serving similar retail and SME customer profiles.

Broad incumbents

• ICICI Bank: Major Indian private sector bank with extensive retail and SME banking franchise, strong digital platform, and nationwide branch network. Represents significant competitive pressure on cooperative banks like Apna Sahakari Bank.
• Karur Vysya Bank: Mid-sized Indian commercial bank with focus on retail banking, SME lending, and trade finance. Comparable product breadth including forex services, though operates as a public limited scheduled commercial bank.
• HDFC Bank: India's largest private sector bank offering comprehensive retail, SME, and commercial banking products. Represents the broader competitive backdrop with superior digital infrastructure and scale advantages.
• Federal Bank: Indian private sector commercial bank with strong retail and SME banking franchise. While operating as a scheduled commercial bank rather than cooperative, it competes for similar deposit and SME loan customers across India.

Market position

Strengths1 record

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/apna-sahakari-bank-ltd

Compliance2 records

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 Apna Sahakari Bank