Patan Bank

What Patan Bank does

Patan Bank (legally Patan Co-Operative Bank Ltd.) is an urban cooperative bank headquartered in Mumbai, India, founded in 1980 as a credit cooperative society by four members of the Patan Jain community and converted to a full-fledged cooperative bank in 1982. The bank operates three physical branches in Mumbai (Marine Drive as headquarters, Goregaon, and Nagdevi) and serves 7,299 members as of March 2024, offering a standard portfolio of deposit and lending products including savings accounts, current accounts, term deposit schemes (including PATAN365 and PATAN500 special schemes), and a comprehensive loan suite covering gold loans, housing loans, mortgage loans, vehicle loans, personal loans, working capital facilities, and overdrafts.

The bank's technology platform is built on a Core Banking Solution (CBS) that enables NEFT/RTGS fund transfers, internet banking via a self-service portal (desktop/laptop/tablet/mobile), SMS alerts, and digital account management across all branches. Additional digital features include BQR (Bharat QR) and UPI merchant onboarding for current account holders, a Positive Pay System for cheque fraud prevention on transactions of Rs. 5,00,000 and above, Aadhaar-based payment services, Demat facilities, foreign exchange, and an online EMI calculator.

The bank generates revenue primarily through the net interest spread between interest earned on advances (Rs. 29.69 crores as of March 2024) and interest paid on deposits (Rs. 85.64 crores), supplemented by fee-based income from service charges, processing fees, and locker rentals. As of March 2024, the bank reported a Net Profit of Rs. 49.37 lakhs — a significant turnaround from the prior year's loss — alongside a Capital to Risk-weighted Assets Ratio (CRAR) of 24.24%, well above the regulatory minimum, Gross NPA of 3.41%, and Net NPA of 0.11%.

Name

Patan Bank

Legal name

Patan Co-Operative Bank Ltd.

Website

https://patanbank.com

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

11–50 employees

Short description

Patan Bank is a Mumbai-based urban cooperative bank serving retail and small business customers through three branches with deposits, lending products, and digital banking services including internet banking and UPI merchant onboarding.

Ownership category

akta.pro rank

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices3 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 Advances: The bank generates revenue primarily through interest earned on loans and advances including gold loans, housing loans, mortgage loans, personal loans, working capital, and overdraft facilities. As of March 2024, advances stood at Rs. 2969.29 lakhs.
2. Interest Expense on Deposits: Revenue is generated through the spread between interest earned on advances and interest paid on deposits. As of March 2024, deposits stood at Rs. 8564.10 lakhs with various deposit schemes offering rates from 3.00% to 7.50%.
3. Fee-based Income: Service charges collected for various banking services including cheque book issuance, account closure, cheque return charges, processing charges on loans, locker rentals, and other account services.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Patan Co-Operative Bank Ltd. (Patan Bank) is an urban cooperative bank operating three branches in Mumbai that accepts deposits (savings accounts, current accounts, term deposits) and extends loans (gold, housing, mortgage, vehicle, personal, working capital, overdraft). The bank supplements its core deposit and lending products with internet banking, NEFT/RTGS transfers, BQR/UPI merchant services, locker facilities, Demat, foreign exchange, and a Positive Pay System for cheque security.

Product overview

Patan Co-Operative Bank Ltd. is an urban cooperative bank operating since 1982 with 3 branches in Mumbai. The bank's product portfolio centers on core deposit and lending products: savings and current accounts with digital banking capabilities (internet banking, UPI/BQR payments, NEFT/RTGS), term deposit schemes including special offerings like PATAN365 and PATAN500, and a comprehensive loan suite covering gold loans, housing loans, mortgage loans, personal loans, vehicle loans, and working capital facilities. The bank supplements these with ancillary services including locker facilities, EMI calculator, Positive Pay System for cheque fraud prevention, KYC compliance services, Demat facility, and foreign exchange. The bank operates on a Core Banking Solution platform enabling multi-channel digital services. The product ecosystem is unified through the bank's internet banking portal and operates across three physical branches.

Differentiator

Problem solved

Functional benefit

Products and services

• Savings Account Personal savings account with minimum balance of Rs. 1,000, interest rate of 2.70% p.a. on daily balances, free insurance coverage up to Rs. 5 lakh, 60 free cheque leaves per year, nomination facility, and any-branch banking access. Targeted at individual retail customers.
• Current Account Business current account for proprietary firms, partnership firms, private/public limited companies, trusts, LLPs, and registered societies with minimum balance of Rs. 2,500, any-branch banking, standing instructions, and applicable service charges for cheque books and incidental operations.
• Term Deposit Schemes Fixed and short-term deposit schemes ranging from 15 days to 10 years with interest rates from 3.00% to 7.50% depending on tenure and customer category (general public, senior citizens, trusts, cooperative societies). Minimum deposit Rs. 500, with auto-renewal and nomination facilities available.
• PATAN365 Deposit Scheme 365-day special deposit scheme offering 5.75% interest for general public and 6.00% for senior citizens, with simple interest paid on maturity (non-cumulative). Targeted at investors seeking a one-year fixed-return product.
• PATAN500 Deposit Scheme Special deposit scheme paying 7.00% interest for general public and 7.50% for senior citizens and trusts on maturity (simple interest). Targeted at investors seeking higher-yielding fixed deposits.
• Gold Loan Loan facility against gold ornaments with minimum Rs. 0.25 lakhs and maximum Rs. 10 lakhs, interest rate of 8.00% to 8.50% p.a. depending on margin and customer category. Targeted at individuals seeking quick liquidity against gold collateral.
• Housing Loan Home loan up to Rs. 30 lakhs with interest rates of 8.25% to 9.50% depending on customer category. Women borrowers receive a 0.25% rate reduction, with eligible borrowers receiving an additional 0.50% reduction. Targeted at individuals seeking residential property financing.
• Mortgage Loan Loan against property offered as overdraft and term loan facilities, with interest rates ranging from 9.00% to 11.00% based on limit amount. Targeted at individuals and businesses seeking property-backed credit.
• Personal Loan (Small Finance Scheme) Unsecured personal loan under the Small Finance Scheme with maximum limit of Rs. 50,000 at 12.00% interest rate. Targeted at individuals seeking small-ticket unsecured credit for personal needs.
• Vehicle Loan New vehicle loan up to Rs. 40 lakhs at 8.00% interest for commercial vehicles and 8.50% for general public. Targeted at individuals and commercial vehicle buyers.
• Working Capital Loans Working capital facilities against stock and debtors with grade-based interest rates ranging from 9.50% to 11.75% depending on limit amount and credit grade. Targeted at businesses needing operating-cycle financing.
• Overdraft Facilities Overdraft facilities against property and against NSC/KVP/government securities/LIC policies, with limits up to Rs. 35 lakhs (KVP) and Rs. 140 lakhs (LIC), at 8.00%-8.50% interest. Targeted at businesses and individuals needing flexible credit lines.
• Internet Banking Online banking platform accessible via desktop, laptop, tablet, or mobile handsets, enabling account holders to check balances, view statements, and view term deposits and loans. Targeted at existing account holders requiring 24/7 account access.
• QR Code / BQR Merchant Payment Services Merchant QR code payment acceptance via BQR (Bharat QR) and UPI for shopkeepers and businesses to receive digital payments, including TID creation under providers such as Mosambee. Targeted at current account holders and merchants seeking digital payment acceptance.
• Positive Pay System Security mechanism for cheque payments on cheques of Rs. 5,00,000 and above that validates cheque details (account number, cheque number, amount) at the time of issuance to prevent fraud from cheque tampering. Provides an additional security layer to the cheque clearing process. Targeted at account holders issuing high-value cheques.
• Locker Facility Safe deposit locker facility available at Marine Drive and Goregaon branches in various sizes (Type A through K/L) with 3-year rental terms, key deposits of Rs. 3,500, and stamping charges of Rs. 500. Targeted at customers requiring secure physical custody for valuables.
• Demat Facility Dematerialization service enabling customers to hold securities such as shares, bonds, and mutual fund units in electronic format rather than physical certificates. Targeted at investors requiring electronic securities custody.
• Foreign Exchange Facility Foreign exchange services for international currency transactions including inward and outward remittances as permitted under banking regulations. Targeted at individuals and businesses with cross-border payment or travel needs.

Quantifiable outcome

• Net NPA improved from 2.05% (2022) to 0.11% (2024)
• +3 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

Feature3 records

Scale indicators12 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• NKGSB Co-operative Bank: Mumbai-based urban cooperative bank providing savings, deposits, loans, and digital banking. Direct co-operative peer with similar community-bank origins and product set.
• Bharat Co-operative Bank (Mumbai): Urban cooperative bank in Mumbai offering savings, deposits, loans, and digital banking to retail and SME customers. Direct peer in city, regulatory structure, and product mix.
• Apna Sahakari Bank: Mumbai-based urban cooperative bank providing deposits, loans, and digital services to retail and small business customers. Direct competitive peer in the same Mumbai co-operative segment.
• Shamrao Vithal Co-operative Bank: Multi-branch urban cooperative bank in Maharashtra offering deposits, retail loans, and digital services to retail and SME customers. Comparable scale co-operative peer.
• Abhyudaya Co-operative Bank: Urban cooperative bank headquartered in Mumbai serving retail and SME customers with deposits, loans, and digital banking. Directly comparable to Patan Bank as a peer co-operative bank in the same regulatory and geographic market.
• Cosmos Co-operative Bank: Large urban cooperative bank based in Pune/Mumbai offering deposits, retail loans, NRI banking, and digital services. Closest scale-comparable peer to Patan Bank operating in the same cooperative banking segment.
• Dombivli Nagarik Sahakari Bank: Urban cooperative bank in the Mumbai Metropolitan Region offering deposits, retail loans, and digital channels. Comparable co-operative peer serving similar Mumbai-area retail customers.

Broad incumbents

• HDFC Bank: India's largest private bank with extensive retail branch and digital banking presence in Mumbai. Competes for the same retail deposits, home loans, and vehicle loans, but at vastly larger scale.
• ICICI Bank: Large private sector bank with deep retail, SME, and digital banking franchise in Mumbai. Competes with Patan Bank for retail deposits, home loans, and personal banking customers.

Emerging players

• AU Small Finance Bank: Small finance bank with strong retail deposit franchise and digital banking capabilities expanding in urban India. Adjacent competitor targeting similar retail and small-business segments with broader geographic reach.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/patan-bank

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 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 Patan Bank