The Cosmos Cooperative Bank, the second largest cooperative bank after Mumbai headquartered Saraswat bank bagged national award in NFS operational excellence recently.
It received the award from National Payment Corporation of India (NPCI) in NFS operational excellence.
National Payment Corporation of India is founded by Reserve Bank of India to act as an umbrella institution for all the retail payment systems in the country.
Cosmos Bank received this national award as the Best Bank in Co-Operative Bank’s category.
Various parameters employed by RBI for selecting the best bank included ATM network uptime, zero fraudulent activities on ATM network, best dispute management and many other technical parameters.