1995? Are you sure? I started studying maths and computer science in 1993 and Cobol was ever only mentioned as a remote curiosity. I remember Pascal, Perl and C/C++ were common.
Yes but it was still dominant in terms of actual code in production. I remember working at a consulting firm then and we had a ton of work in Cobol and JCL. Banks in particular but also telecom.
Client-server 4GLs were really starting to take off -- PowerBuilder, Visual Basic -- but those got washed away with the web.
It is the lingua de franca of enterprise software development. In every sense it is the modern day Fortran/Cobol.