The Haryana State Co-operative Apex Bank Ltd

What The Haryana State Co-operative Apex Bank Ltd does

The Haryana State Co-operative Apex Bank Ltd, doing business as HARCO Bank, is a state-level cooperative apex bank headquartered in Chandigarh, India, that was established in 1966 under the Haryana State Co-operative Societies Act. It functions as the coordinating apex institution for the cooperative banking structure in Haryana, interfacing between the Reserve Bank of India / NABARD framework at the top and district central cooperative banks and primary agricultural credit societies at the base. Its operating geography is concentrated in North India, primarily within Haryana, and the entity is owned by its member depositors and borrowers rather than external shareholders, consistent with its cooperative status.

The bank is privately held and not listed on any stock exchange, and it appears to remain actively operating based on the presence of its official website and admin portal. No specific products, services, pricing, customer segments, distribution channels, or technology stack are disclosed in the available source material beyond a basic administrative web login interface, indicating that the public-facing data coverage is limited. No management team, funding events, M&A activity, regulatory actions, or strategic moves are recorded in the input dataset, leaving the bank's commercial scale, product breadth, and recent strategic posture substantially uncharacterized.

Name

The Haryana State Co-operative Apex Bank Ltd

Legal name

The Haryana State Co-operative Apex Bank Ltd

Website

https://harcobank.org.in

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

HARCO Bank is a Haryana state-level cooperative apex bank, founded in 1966 and headquartered in Chandigarh, India. It coordinates the cooperative banking structure across Haryana, serving member depositors, borrowers, and affiliated cooperative credit institutions in North India.

Ownership category

akta.pro rank

GTM type

B2C

Offering type

Services

Core offering

The Haryana State Co-operative Apex Bank Ltd (HARCO Bank) is a state-level cooperative apex bank established in 1966 under the Haryana State Co-operative Societies Act. It operates as the apex financing institution for the cooperative credit structure in Haryana, providing banking, deposit, and lending services to member cooperative societies, farmers, and individual depositors/borrowers in the state.

Differentiator

Problem solved

Functional benefit

Products and services

• Cooperative Banking and Deposit Services
• Apex Financing for Cooperative Credit Structure

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves1 record

Broad incumbents

• State Bank of India: India's largest commercial bank with nationwide branch and digital reach. Comparable as a broad incumbent competing for deposits, lending, and rural banking customers across Haryana.
• Punjab National Bank: Large public-sector commercial bank with deep presence across northern India including Haryana. Comparable as a deposit-taking, lending institution competing for the same member and retail base in the bank's primary market.
• National Bank for Agriculture and Rural Development (NABARD): India's apex development bank for agriculture and rural finance. Comparable as the umbrella regulator and refinancier for state cooperative banks, including institutions like HARCO, and a structural counterparty in cooperative credit.

Direct peers

• Karnataka State Cooperative Apex Bank: Karnataka's state-level cooperative apex bank providing refinancing and inter-bank services to district cooperative banks. Directly comparable peer in cooperative apex banking.
• Tamil Nadu State Apex Cooperative Bank: Tamil Nadu's state cooperative apex bank serving as the top-tier cooperative credit institution. Directly comparable in role and institutional structure.
• Maharashtra State Cooperative Bank: State-level cooperative apex bank operating the same apex-bank model for Maharashtra's cooperative credit structure. Closely comparable in mandate, governance, and member-bank coordination.
• Punjab State Cooperative Bank: State-level cooperative apex bank in neighboring Punjab operating under a similar cooperative societies act. Directly comparable as a peer state apex institution serving member cooperative banks in northern India.

Others

• National Cooperative Development Corporation (NCDC): Statutory corporation under the Indian Ministry of Agriculture supporting cooperative businesses. Comparable as an enabling/ecosystem institution that funds and supports cooperative entities similar to HARCO.

Regional players

• Haryana Kshetriya Gramin Bank (now amalgamated into Sarva Haryana Gramin Bank): Predecessor regional rural bank serving Haryana's rural credit market. Comparable for understanding the regional rural lending landscape in which the cooperative apex bank operates.
• Sarva Haryana Gramin Bank: Regional rural bank formed from amalgamation of Haryana-based RRBs. Comparable as a Haryana-focused rural and semi-urban lender serving similar agricultural and small borrower segments.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat2 records

Key risks6 records

Key highlights4 records

Customer concentration

• LinkedInlinkedin.com/company/the-haryana-state-co-operative-apex-bank-ltd

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 The Haryana State Co-operative Apex Bank Ltd