Saraswat Co-Operative Bank Limited is neither a private nor a public university. It is a cooperative bank operating under the regulations of the Reserve Bank of India (RBI) and the Cooperative Societies Act. Established in 1918, it provides banking services like savings accounts, loans, and deposits, primarily catering to individuals and small businesses.
As a cooperative bank, it is owned by its members and operates for their mutual benefit. Unlike universities, which are educational institutions, Saraswat Bank focuses on financial services. It is one of the largest urban cooperative banks in India, with a strong presence in Maharashtra and Goa.