CleanupBot II: Removed empty portal template using script

2023-08-14T15:40:34Z

Removed empty portal template using script

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	~~{{Portal\|Banks}}~~
	{{Banking in India}}		{{Banking in India}}

->LTbharat: updated business figure for 2020-21 and added ref link

2021-12-31T14:25:49Z

updated business figure for 2020-21 and added ref link

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{{advert|date=May 2015}}
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{{Infobox company
| name = Saraswat Co-operative Bank Ltd.
| logo = Saraswat Bank Logo.jpg
| type = Multi-State Co-operative Bank
| foundation = {{Start date and age|1918|09|14|df=yes}}
| location = Saraswat Co-operative Bank Ltd, Ekanath Thakur Bhawan 953, Appasaheb Marathe Marg, Prabhadevi. Mumbai- 400 025 
| key_people = {{ubl|Gautam Thakur {{small|([[Chairperson|Chairman]])}}|S. K. Sakhalkar {{small|([[Chairperson#Vice-chairperson and deputy chairperson|Vice-chairman]])}}}}
| industry = [[Financial services]]
| products = [[Commercial Banking]] [[Retail Banking]] [[Private Banking]]
| revenue = {{profit}}{{INRConvert|37422.4|m}} (2019-20)<ref name="saraswatbank1">{{cite web|url=https://www.saraswatbank.com/Assets/80175_Sarswat%20AR%202020_High%20Resoultion_Website_07092021_0400.pdf |title=Annual Report 2019-20 |publisher=Saraswat Bank}}</ref>
| operating_income =
| net_income = {{profit}}{{INRConvert|2702.4|m}} (2020-21)<ref name="saraswatbank1"/>
| assets =
| owner =
| parent =
| equity =
| num_employees = 4,242 (as of March 2021) <ref>https://www.saraswatbank.com/Assets/80175_Sarswat%20AR%202020_High%20Resoultion_Website_07092021_0400.pdf</ref>
| homepage = [http://www.saraswatbank.com Official website]
}}
'''Saraswat Co-operative Bank Ltd.''' is an urban co-operative banking institution, having its head quarter in [[Mumbai]], [[Maharashtra]], India and operating as a co-operative society since 1918.<ref>{{cite web|url=http://www.saraswatbank.com/view_section.jsp?lang=0&id=0,3 |title=India's leading co-operative bank |publisher=Saraswat Bank |access-date=20 August 2010}}</ref> The Founding Members of the society were J. K. Parulkar as Chairman, N. B. Thakur as Vice-chairman, P. N. Warde as Secretary, and Shivram Gopal Rajadhyaksha as Treasurer.<ref>{{Cite web|title=Saraswat Bank achieves its target of 50,000 Cr|url=https://www.freepressjournal.in/business/saraswat-bank-achieves-its-target-of-50000-cr|access-date=2021-04-06|website=Free Press Journal|language=en}}</ref>

In 1988, the bank was conferred with the [[Scheduled Banks (India)|Scheduled status]] by the [[Reserve Bank of India]]. It is the first co-operative bank to provide merchant banking services. The bank got a permanent license to deal in foreign exchange in 1979. Presently, the bank has a correspondent relationship in 58 countries covering nine currencies with over 162 banks.

The bank's total business which was around {{INR|4,000 crore}} in the year 2000, has reached to {{INR|63,422 crore}} in 2020.<ref>https://www.saraswatbank.com/Assets/ANNUAL%20REPORT%202020_12112020_1131.pdf</ref>

In the year 2008, the bank launched a new logo branding with an objective to reconfirm the thrust of the bank on its core values i.e. "sense of belonging".

In the last two decades, the bank has witnessed a steady growth in business and also taken several strategic business initiatives such as undertaking [[business process reengineering]] initiative, merging seven cooperative banks and then consciously nurturing them. The bank tied up with [[VISA International]] for issuance of debit cards. The bank launched [[RuPay]] EMV Debit Card in 2013–14. The bank was the first to achieve this milestone in respect of RuPay EMV card along with the [[Bank of Baroda]].{{Citation needed|date=April 2021}}

In 2011, the bank was granted permission for All India Area of Operation by the [[Reserve Bank of India]]. The bank has an ambitious business expansion plan in place to have a presence in all major cities of the country and is well poised to double total business to {{INR|1 lakh crore}} over the next few years. {{Citation needed|date=April 2021}}

The bank has a network of 284 fully computerized branches and 311 ATMs ([[Automated teller machine]]) as on 31 March 2020<ref>https://www.saraswatbank.com/Assets/ANNUAL%20REPORT%202020_12112020_1131.pdf</ref> covering six states viz. [[Maharashtra]], [[Gujarat]], [[Madhya Pradesh]], [[Karnataka]], [[Goa]] and [[Delhi]]. In 2018, the bank also introduced their ''Bank on WhatsApp'' facility to help customers receive updates and avail various banking services via the chat platform.<ref>{{Cite web|date=2018-12-08|title=WhatsApp is your new bank! Kotak Mahindra, Saraswat Co-operative Bank move to chat app; Here's all you can do|url=https://www.zeebiz.com/personal-finance/news-whatsapp-is-your-new-bank-kotak-mahindra-saraswat-co-operative-bank-move-to-chat-app-heres-all-you-can-do-74922|access-date=2021-04-06|website=Zee Business}}</ref><ref>{{Cite web|title=Kotak Mahindra, Saraswat Bank Launch Services On WhatsApp|url=https://www.moneycontrol.com/news/india/kotak-mahindra-saraswat-bank-launch-services-on-whatsapp-3266811.html|access-date=2021-04-06|website=Moneycontrol}}</ref>

As per bank's [https://www.saraswatbank.com/Assets/ANNUAL%20REPORT%202020_12112020_1131.pdf annual report] for financial year 2020-2021, the bank's business is {{INR|67,042 crores}}.<ref>https://www.saraswatbank.com/Assets/80175_Sarswat%20AR%202020_High%20Resoultion_Website_07092021_0400.pdf</ref> It received The Best Cooperative Bank Award in 2016.<ref>{{Cite web|date=2017-09-15|title=Saraswat Centenary: Who’s who at kick-off event|url=https://www.indiancooperative.com/banks/saraswat-bank-centenary-whos-who-at-kick-off-event/|access-date=2021-04-06|website=Indian Cooperative|language=en-US}}</ref> and ranked second-best bank in India by The World's Best Banks 2020 survey<ref>{{Cite web|title=The World's Best Banks 2020|url=https://www.forbes.com/worlds-best-banks/|access-date=2021-04-06|website=Forbes|language=en}}</ref><ref>{{Cite web|date=2020-06-13|title=Forbes Survey: Saraswat Bank beats HDFC, SBI to emerge ahead|url=https://www.indiancooperative.com/banks/forbes-survey-saraswat-bank-beats-hdfc-sbi-to-emerge-ahead/|access-date=2021-04-06|website=Indian Cooperative|language=en-US}}</ref> conducted by the [[Forbes]], an American [[business]] [[magazine]].

==References==
{{reflist}}

{{Portal|Banks}}
{{Banking in India}}

[[Category:Banks based in Mumbai]]
[[Category:Banks established in 1918]]
[[Category:Cooperative banks of India]]
[[Category:Indian companies established in 1918]]

Saraswat Co-operative Bank Ltd - Revision history

CleanupBot II: Removed empty portal template using script

->LTbharat: updated business figure for 2020-21 and added ref link