The co-operative movement in India traces its origin to a period asearly as 1904, when the Co-operative Credit Societies Act was enacted. As far as co-operative sector is concerned, Maharashtra isthe most developed state in the country. There is hardly any villagein the state which remains untouched by the co-operative movement and hardly any important economic activity that is not covered under a co-operative fold. The cooperative movement in Maharashtra is nourished by a three-tier co-operative credit structure, at the helm of which is The Maharashtra State Co- operative Bank Limited (MSCB). At the middle level are 31 District Central Co-operative Banks (DCCBs) and at the bottom level, over 21214 Primary Agricultural Credit Societies (PACS) are functioning.

The MSC Bank serves as a balancing center for the surplus resources of co-operatives in the state and thereby ensures their multifaceted development and prosperity. Needless to say that MSC Bank is the biggest co-operative bank in the country. Besides, it is the only co-operative bank in India which has figured 9 times among the top 1000 banks in the world on the basis of financial soundness (Capital Adequacy) as surveyed by ‘The Banker’ published from London, periodically. The bank is listed in ScheduleII of RBI Act 1934.

We have recently acquired ISO 27001-2013 to achieve complete cyber security frame work. In process of compliance Bank have decided to build its own SOC. We are equipped with best available technologies for SOC like Data analytics engine, Artificial intelligence (AI) and Machine Learning (ML), Security Orchestration, Automation & Response (SOAR), User & Entity Behavior Analytics.

We wish to extend our SOC services to member Banks to help them to comply with cyber security framework & provide intelligence in the war against growing cyber threats and cyber-attacks.