Abhyudaya Co-operative Bank Ltd is an urban multi-state Cooperative banking institution based in

Maharashtra Maharashtra (; , abbr. MH or Maha) is a states and union territories of India, state in the western India, western peninsular region of India occupying a substantial portion of the Deccan Plateau. Maharashtra is the List of states and union te ...

, India and operating as a co-operative bank since 1965.

History

In the year 1964 several social workers and activists came together and formed Abhyudaya Co-operative Credit Society Ltd with a relatively small share capital of .
Within a short period of time Abhyudaya Co-op, Credit Society got converted into an Urban Co-operative bank.
In June 1965 Abhyudaya Co-operative Bank Ltd was finally established as a full-fledged co-operative Bank.
It was conferred with

Scheduled bank Scheduled Banks in India refer to those banks which have been included in the Second Schedule of Reserve Bank of India Act, 1934. Reserve Bank of India (RBI) in turn includes only those banks in this Schedule which satisfy the criteria laid down v ...

status by the

Reserve Bank of India The Reserve Bank of India, chiefly known as RBI, is India's central bank and regulatory body responsible for regulation of the Indian banking system. It is under the ownership of Ministry of Finance, Government of India. It is responsible for ...

in the year 1988.
On 11 January 2007 the Bank was registered as a multi-state co-operative bank by the Central Registrar, New Delhi.

Branches

It has branches in Metropolitan

Mumbai Mumbai (, ; also known as Bombay — the official name until 1995) is the capital city of the Indian state of Maharashtra and the ''de facto'' financial centre of India. According to the United Nations, as of 2018, Mumbai is the second- ...

, Navi Mumbai, Pune, Thane, Raigad, Nagpur, Nashik, Nanded, Kankavali and Aurangabad in

State, Vadodara and Ahmedabad in

Gujarat Gujarat (, ) is a state along the western coast of India. Its coastline of about is the longest in the country, most of which lies on the Kathiawar peninsula. Gujarat is the fifth-largest Indian state by area, covering some ; and the ninth ...

State, Udupi and Mangalore in

Karnataka Karnataka (; ISO: , , also known as Karunāḍu) is a state in the southwestern region of India. It was formed on 1 November 1956, with the passage of the States Reorganisation Act. Originally known as Mysore State , it was renamed ''Karnat ...

State. The area of operation of the bank is confined to 3 States * Maharashtra * Gujarat * Karnataka. The Bank further proposes to extend its area of operation to other States.

Acquisitions

Pune Pune (; ; also known as Poona, (List of renamed Indian cities and states#Maharashtra, the official name from 1818 until 1978) is one of the most important industrial and educational hubs of India, with an estimated population of 7.4 million ...

based Citizens Co-op Bank *

Vadodara Vadodara (), also known as Baroda, is the second largest city in the Indian state of Gujarat. It serves as the administrative headquarters of the Vadodara district and is situated on the banks of the Vishwamitri River, from the state capital ...

based Shree Krishna Co-operative Bank *

Ahmedabad Ahmedabad ( ; Gujarati: Amdavad ) is the most populous city in the Indian state of Gujarat. It is the administrative headquarters of the Ahmedabad district and the seat of the Gujarat High Court. Ahmedabad's population of 5,570,585 (per t ...

based Manekchowk Co-operative Bank *

Udupi Udupi (alternate spelling Udipi; also known as Odipu) is a city in the Indian state of Karnataka. Udupi is situated about north of the educational, commercial and industrial hub of Mangalore and about west of state capital Bangalore by road. ...

based Janatha Co-op. Bank Ltd.

References

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External links

Official website
Indian companies established in 1965 Cooperatives in Maharashtra Cooperative banks of India Banks established in 1965 Banks based in Mumbai 1965 establishments in Maharashtra

History

Branches

Acquisitions

See also

References

External links