written like an advertisement . please help improve it by removing promotional content and inappropriate external links and by adding encyclopedic content written from a neutral point of view . may 2015 learn how and when to remove this template message saraswat bank type public company industry banking financial services founded 14 september 1918 headquarters the saraswat cooperative bank ltd corporate centre saraswat bank bhawan plot no 953 appasaheb marathe marg prabhadevi mumbai india products investment banking commercial banking retail banking private banking asset management mortgages debit cards consumer banking current account demat account term deposits corporate banking finance and insurance working capital term loan corporate loan bank guarantee bill discounting import and export finance trade finance internet banking sms banking mobile banking revenue 394 095.60 million us 5.9 billion 2013 14 1 net income 1 470.90 million us 22 million 2013 14 1 number of employees 4351 1 website official website saraswat bank pronunciation help info is an urban co operative banking institution based in maharashtra india and operating as a co operative bank since 1918 . 2 in 1988 the bank was conferred with scheduled status by reserve bank of india . the bank is the first co operative bank to provide merchant banking services . the bank got a permanent license to deal in foreign exchange in 1978 . presently the bank is having correspondent relationship in 45 countries covering 9 currencies with over 125 banks . in 1992 the bank completed 75 years . platinum jubilee celebrations were inaugurated on 14 september 1992 and the bank also crossed the business level of rs . 700 crores . it has 267 branches nationwide . the beginning of the 21st century has been a giant leap forward for the bank . the bank chose a path of organic inorganic growth and its pace of growth accelerated . the bank s total business which was around rs .4000 crore in 2000 almost tripled to rs .15295 crore in 2007 . in the year 2008 the bank launched a branding initiative . the purpose of such an exercise was to reconfirm the thrust of the bank on its core values which can be summed up as a 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 has also successfully launched rupay emv debit card during the year 2013 14 . the bank was the first to achieve this mile stone in respect of rupay emv card along with bank of baroda . in 2011 the bank was granted permission for all india area of operation by 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 to reach a business levels of rs . 50 000 crores by 2016 and rs . 1 00 000 crores by 2018 respectively . the bank has a network of 267 fully computerized branches as on 31 march 2014 covering six states viz . maharashtra gujarat madhya pradesh karnataka goa and delhi . the bank provides 24 hour service through atms at 205 locations . as on 31 march 2014 the bank s business had surpassed rs . 39 000 crores . the bank has retained its coveted position as zero net npa bank for the tenth successive year . 3 references edit a b c annual report 2013 14 pdf . saraswat bank . india s leading co operative bank . saraswat bank . retrieved 20 august 2010 . 1 v t e banking in india reserve bank reserve bank of india public sector banks allahabad bank andhra bank bank of baroda bank of india bank of maharashtra bharatiya mahila bank canara bank central bank of india corporation bank dena bank idbi bank indian bank indian overseas bank oriental bank of commerce post bank of india punjab & sind bank punjab national bank state bank of bikaner & jaipur state bank of hyderabad state bank of india state bank of mysore state bank of patiala state bank of travancore syndicate bank uco bank union bank of india united bank of india vijaya bank private sector banks axis bank bandhan bank catholic syrian bank city union bank dcb bank dhanlaxmi bank federal bank hdfc bank icici bank idfc bank indusind bank jammu & kashmir bank karnataka bank karur vysya bank kotak mahindra bank lakshmi vilas bank nainital bank rbl bank ratnakar bank south indian bank tamilnad mercantile bank limited yes bank cooperative banks buldhana urban cosmos bank repco bank saraswat bank shamrao vithal co op . bank tnsc bank rajkot nagrik sahakari bank foreign banks abn amro abu dhabi commercial bank antwerp diamond bank australia and new zealand banking group bank internasional indonesia bank of america bank of bahrain and kuwait bank of ceylon the bank of tokyo mitsubishi ufj barclays citibank india credit suisse deutsche bank hsbc the royal bank of scotland scotiabank standard chartered regional rural banks andhra pragathi grameena bank kerala gramin bank bangiya gramin vikash bank gramin bank of aryavart north malabar gramin bank pallavan grama bank pandyan grama bank paschim banga gramin bank sarva up gramin bank south malabar gramin bank uttar bihar gramin bank vananchal gramin bank list of regional rural banks in uttar pradesh interbank networks bancs cashnet cirrus imps upi mitr nfs plus rupay defunct banks alliance bank of simla arbuthnot & co bank of bombay bank of calcutta bank of chettinad bank of cochin bank of hindostan bank of madras bank of madura bank of rajasthan bank of thanjavur bareilley corporation bank bengal central bank bharat overseas bank centurion bank of punjab chartered bank of india australia and china commercial bank of india dass bank exchange bank of india & africa global trust bank grindlays bank hindustan commercial bank imperial bank of india ing vysya bank lakshmi commercial bank lord krishna bank madhavpura mercantile cooperative bank mercantile bank of india london and china miraj state bank nath bank nedungadi bank new bank of india oriental bank corporation oudh commercial bank palai central bank pandyan bank sikkim bank state bank of indore state bank of saurashtra times bank united industrial bank united western bank related topics banks board bureau banking codes and standards board of india atm usage fees in india de materialisation demat foreign exchange forex indian financial system code ifsc list of banks in india national electronic fund transfer neft national payments corporation of india real time gross settlement rtgs structured financial messaging system sfms prepaid payment instruments in india this article about an indian company is a stub . you can help wikipedia by expanding it . v t e retrieved from https en.wikipedia.org w index.php title saraswat bank & oldid 696318522 categories companies based in mumbaibanks established in 1918cooperative banks of 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