We report the new results of exchange bias effect in Nd1−xSrxCoO3 for x = 0.20 and 0.40, where the exchange bias phenomenon is involved with the ferrimagnetic (FI) state in a spontaneously phase separated system. The zero-field cooled magnetization exhibits the FI (TF I ) and ferromagnetic (TC ) transitions at ∼ 23 and ∼ 70 K, respectively for x = 0.20. The negative horizontal and positive vertical shifts of the magnetic hysteresis loops are observed when the system is cooled through TF I in presence of a positive static magnetic field. Training effect is observed for x = 0.20, which could be interpreted by a spin configurational relaxation model. The unidirectional shifts of the hysteresis loops as a function of temperature exhibit the absence of exchange bias above TF I for x = 0.20. The analysis of the cooling field dependence of exchange bias field and magnetization indicates that the ferromagnetic (FM) clusters consist of single magnetic domain with average size around ∼ 20 and ∼ 40Å for x = 0.20 and 0.40, respectively. The sizes of the FM clusters are close to the percolation threshold for x = 0.20, which grow and coalesce to form the bigger size for x = 0.40 resulting in a weak exchange bias effect.