VISHWAS CO-OPERATIVE BANK
Vishwas Co-operative Bank Ltd. is a member-owned cooperative bank founded in 1997, operating 7 branches across Nashik, Maharashtra, serving retail customers, small businesses, and self-help groups with deposits, loans, and digital banking services.
- Company typePrivate
- Founded1997
- HeadquartersNasik, India
- Headcount51–100
- GTM typeB2C
- OfferingServices
What VISHWAS CO-OPERATIVE BANK does
Vishwas Co-operative Bank Ltd. is a member-owned cooperative bank founded on March 25, 1997 by Shri Vishwas Jaydev Thakur, headquartered on Gangapur Road in Nashik, Maharashtra. The bank operates a 7-branch network concentrated entirely within Nashik (Savarkar Nagar, Mumbai Naka, Nashik Pune Road, Khutwad Nagar, Indira Nagar, Mhasrul, Upnagar) and serves three principal segments: individual retail customers, small businesses and MSMEs, and community-based self-help groups. Its value proposition centers on community trust, accessibility, and DICGC-backed deposit protection up to ₹5 lakhs per depositor.
VISHWAS CO-OPERATIVE BANK firmographics
Firmographics- Name
- VISHWAS CO-OPERATIVE BANK
- Legal name
- Vishwas Co-operative Bank Ltd.
- Website
- https://vishwasbank.com
- Company type
- Private
- Founded year
- 1997
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Vishwas Co-operative Bank Ltd. is a member-owned cooperative bank founded in 1997, operating 7 branches across Nashik, Maharashtra, serving retail customers, small businesses, and self-help groups with deposits, loans, and digital banking services.
- Ownership category
- akta.pro rank
VISHWAS CO-OPERATIVE BANK industry classification
Industry- Product category
- Cooperative Retail Banking
- NAICS
- Depository Credit Intermediation (5221), Credit Unions (522130), Credit Unions (52213), Savings Institutions and Other Depository Credit Intermediation (522180)
- SIC
- Commercial Banks, Nec (6029)
- akta.pro primary industry
- Cooperative Banks (Member-Owned Commercial/Retail) (FSABAEAF)
- akta.pro secondary industries
- Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA), SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)
Keywords
Where VISHWAS CO-OPERATIVE BANK is headquartered
LocationHeadquarters
- HQ city
- Nasik
- HQ country
- India
- HQ region
- Asia
Offices8 records
Markets served
VISHWAS CO-OPERATIVE BANK business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others
Revenue model
- Interest Income from Loans: The bank provides various loan products including personal loans, home loans, gold loans, vehicle loans, education loans, and loans against LIC policies. Revenue is generated through interest charged on these lending products.
- Deposit Interest Spread: The bank accepts deposits through savings accounts, current accounts, recurring accounts, and fixed deposits, generating revenue through the interest rate spread between lending and borrowing rates.
- Fee-Based Services: Revenue generated from services including locker facilities, RTGS/NEFT transactions, frankage facility, and insurance products (PMJJBY, PMSBY).
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Monthly | Deposit accounts with DICGC insurance coverage |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels3 records
VISHWAS CO-OPERATIVE BANK product offering
Product offeringCore offering
Vishwas Co-operative Bank is a cooperative bank offering a full suite of deposit products (savings, current, fixed, recurring accounts), a diversified loan portfolio (home, personal, gold, vehicle, education, business loans), digital banking services (mobile banking, RTGS/NEFT, IMPS, SMS alerts, Rupay debit card), and ancillary services (locker, franking, bill payment, insurance) to individuals, small businesses, and self-help groups across Nashik, Maharashtra.
Product overview
Vishwas Co-operative Bank Ltd. is a cooperative bank based in Nashik, Maharashtra, offering a comprehensive suite of traditional banking products and services. The bank's core offerings include deposit products (savings, current, fixed, and recurring accounts), loan products (home, personal, gold, vehicle, education, and business loans), and digital banking services (mobile banking, RTGS/NEFT, IMPS, SMS alerts). The bank also provides ancillary services including locker facilities, insurance schemes (PMJJBY, PMSBY), bill payment services, debit cards, and franking facilities. The product portfolio follows a traditional cooperative banking model with personal banking services, business lending, and digital channels as distinct operational areas.
Differentiator
Problem solved
Functional benefit
Products and services
- Savings Account Deposit account for individuals to securely save money and earn interest. Includes features such as nomination facility, deposit insurance up to ₹5 lakhs via DICGC, any-branch banking, and ATM/POS/e-commerce access via Rupay debit card.
- Current Account Business deposit account for managing business transactions. Targeted at traders, small businesses, and MSMEs needing flexible transaction banking.
- Fixed Deposit Account Term deposit account offering safe investment with guaranteed returns. Includes nomination facility for term deposits and DICGC insurance coverage.
- Recurring Account Recurring deposit account accepting regular monthly contributions for disciplined saving and wealth accumulation.
- Kishor Vishwa Yojna Specialized savings scheme for children and youth to encourage early financial habit formation.
- Home Loan Loan facility for purchasing or constructing residential property. Repayment scheduled via equated monthly installments (EMI).
- Personal Loan Unsecured loan facility for meeting personal financial requirements such as medical, travel, or household needs.
- Gold Loan Loan facility against gold jewellery as collateral, available at competitive interest rates.
- Vehicle Loan Loan facility for financing purchase of vehicles including cars and two-wheelers.
- Education Loan Loan facility to fund higher education expenses for students and their families.
- Cash Credit Loan Overdraft facility against collateral aimed at providing business working capital for small businesses and traders.
- Term/Installment Loan Loan with fixed repayment schedule designed to meet varied customer financial requirements.
- Shed/Gala Purchase Loan Loan facility to finance purchase of commercial shed or gala spaces for small business owners.
- Loan Against LIC Policy Loan facility extended against an LIC life insurance policy used as collateral.
- Solar Loan Loan facility for financing installation of solar energy systems for residential or commercial use.
- Loan Against Overdraft Overdraft loan facility extended against existing credit lines for liquidity access.
- Locker Facility Safe deposit locker facility for customers to securely store valuables, available across multiple branch locations in Nashik.
- Mobile Banking Digital banking service accessible via mobile devices enabling customers to conduct account transactions, fund transfers, and account inquiries remotely.
- RTGS / NEFT Real-time gross settlement and national electronic funds transfer services enabling interbank money transfers for customers.
- IMPS Immediate Payment Service providing instant interbank fund transfers via mobile channels for customers.
- Franking Facility Stamp duty franking service enabling customers to frank legal and financial documents at bank branches.
- MSEB Bill Payment Utility bill payment service enabling customers to pay Maharashtra State Electricity Board (MSEB) electricity bills via the bank.
- Telephone Bill Payment Utility bill payment service enabling customers to pay telephone bills through the bank.
- Tax Payment Tax payment facility enabling customers to discharge tax obligations through the bank.
- SMS Alerts Facility SMS notification service delivering account transaction alerts and updates to customers.
- Rupay Debit Card Debit card service enabling ATM cash withdrawals, POS retail transactions, and e-commerce purchases.
- PMJJBY Insurance Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) life insurance scheme distributed to customers through the bank.
- PMSBY Insurance Pradhan Mantri Suraksha Bima Yojana (PMSBY) accidental death and disability insurance scheme distributed to customers through the bank.
Companies that use VISHWAS CO-OPERATIVE BANK
Customer profileSegments3 records
Ideal customer profiles3 records
VISHWAS CO-OPERATIVE BANK technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
VISHWAS CO-OPERATIVE BANK partnerships and signals
Strategic signalScale indicators3 records
Recent moves5 records
Expansion highlights4 records
VISHWAS CO-OPERATIVE BANK competitors and assessment
Company assessmentDirect peers
- Kalyan Janata Sahakari Bank: Maharashtra cooperative bank with comparable retail/MSME focus, providing deposits, loans, locker, and digital services to local customers.
- New India Co-operative Bank: Mumbai-headquartered cooperative bank offering directly comparable retail banking, loans, and digital products under similar cooperative governance.
- NKGSB Co-operative Bank: Maharashtra-based cooperative bank with similar deposit/loan product mix and member-owned structure serving retail and small business customers.
- Saraswat Co-operative Bank: Large Maharashtra-based cooperative bank offering similar deposit, loan, and digital banking products to retail and MSME customers, with significantly larger branch network across the state.
- Cosmos Co-operative Bank: Pune-headquartered cooperative bank providing directly comparable retail/MSME banking, loans, and digital services, operating in adjacent Maharashtra geography.
- Abhyudaya Co-operative Bank: Mumbai-based cooperative bank offering a similar suite of deposit products, personal/business loans, and digital banking channels to member customers.
- Gopinath Patil Parsik Janata Sahakari Bank: Maharashtra cooperative bank providing comparable traditional banking services including deposits, retail loans, MSME lending, and digital channels.
- TJSB Sahakari Bank: Maharashtra cooperative bank providing comparable deposit schemes, retail loans, and digital banking services to retail and SME segments.
- Janata Sahakari Bank (Pune): Multi-branch cooperative bank in Maharashtra offering comparable savings, lending, and digital services to individuals, businesses, and member groups.
- Shamrao Vithal Co-operative Bank (SVC Bank): Cooperative bank headquartered in Mumbai offering traditional banking, MSME lending, and digital services with overlapping customer profiles to Vishwas.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
VISHWAS CO-OPERATIVE BANK social profiles
Digital presenceVISHWAS CO-OPERATIVE BANK compliance and trust
Trust signalCompliance1 record
VISHWAS CO-OPERATIVE BANK financial estimates
Financial estimateRevenue estimate
Valuation estimate
VISHWAS CO-OPERATIVE BANK leadership team
Management profileNumber of profiles
Profiles1 record
VISHWAS CO-OPERATIVE BANK funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
VISHWAS CO-OPERATIVE BANK M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about VISHWAS CO-OPERATIVE BANK
What does VISHWAS CO-OPERATIVE BANK do?
Vishwas Co-operative Bank is a cooperative bank offering a full suite of deposit products (savings, current, fixed, recurring accounts), a diversified loan portfolio (home, personal, gold, vehicle, education, business loans), digital banking services (mobile banking, RTGS/NEFT, IMPS, SMS alerts, Rupay debit card), and ancillary services (locker, franking, bill payment, insurance) to individuals, small businesses, and self-help groups across Nashik, Maharashtra.
Is VISHWAS CO-OPERATIVE BANK a public or private company?
VISHWAS CO-OPERATIVE BANK is a private company. It is classified as management employee owned and is currently operating.
When was VISHWAS CO-OPERATIVE BANK founded?
VISHWAS CO-OPERATIVE BANK was founded in 1997. It employs 51 to 100 people.
Where is VISHWAS CO-OPERATIVE BANK based?
VISHWAS CO-OPERATIVE BANK is headquartered in Nasik, India, in the Asia region.
How does VISHWAS CO-OPERATIVE BANK make money?
Three revenue lines are on record. Interest Income from Loans are the primary driver. The others are deposit Interest Spread and fee-Based Services.
Who are VISHWAS CO-OPERATIVE BANK's main competitors?
Direct peers on record are Kalyan Janata Sahakari Bank, New India Co-operative Bank, NKGSB Co-operative Bank, Saraswat Co-operative Bank, Cosmos Co-operative Bank, Abhyudaya Co-operative Bank, Gopinath Patil Parsik Janata Sahakari Bank, TJSB Sahakari Bank, Janata Sahakari Bank (Pune) and Shamrao Vithal Co-operative Bank (SVC Bank).
Does VISHWAS CO-OPERATIVE BANK have an API?
No public API is recorded for VISHWAS CO-OPERATIVE BANK.
What industry is VISHWAS CO-OPERATIVE BANK in?
VISHWAS CO-OPERATIVE BANK's product category is Cooperative Retail Banking. Its primary akta.pro industry code is FSABAEAF, Cooperative Banks (Member-Owned Commercial/Retail), with a secondary code of FSABAAAA, Mass-Market Consumer Deposit Banking (Checking/Savings). Its NAICS code is 5221 and its SIC code is 6029.