The Depository Service Cell – ISO 9001:2008 of the Cosmos Co-operative Bank , the leading multi-state scheduled bank in co-operative banking sector which started its depository business in 1999 has been awarded by National Securities Depository Ltd., (NSDL) with the “ NSDL Star Performer Award – 2014” as Top Performer in opening New Demat Accounts in Co-operative Banks Category.
This award was received by Cosmos Bank’s Managing Director, Vikrant Ponkshe at the hands of G. V. Nageshwar Rao – Managing Director & CEO, NSDL at a function in Mumbai.
Cosmos Bank opened more than 2700 new Demat accounts in the year 2014. Cosmos Bank is the first bank in co-operative banking sector to reach this goal. Demat Services are available at the Cosmos Heights and 91 branches of Cosmos Bank. Cosmos Bank also offers Demat Services through 7 other urban co-operative banks. Till date 80000 Demat account holders have taken the benefit of these Demat Services, claims the Bank sources.
Earlier, the Demat Section of Cosmos Bank received the ISO – 9001:2008 from the world renowned British Company – BSI for Quality Management System.
Cosmos Bank has a set-up of more than Rs.25500 crore and has 137 branches in 7 States.