Founded June 1965 | Type of business Co-Operative | |
 | ||
Industry BankingFinancial services Key people Puneethkumar Raju Shetty(managing director) Products Forex & tradeMortgagesDemat Servicesinternet banking Website www.abhyudayabank.co.in Revenue 131.5 billion INR (2012–2013, US$2.0 billion) Net income 912.2 million INR (2012–2013) | ||
Abhyudaya co operative bank ltd tvc 55 sec whitehope studios
Abhyudaya Co-operative Bank Ltd is an urban multi-state Cooperative banking institution based in Maharashtra, India and operating as a co-operative bank since 1965.
Contents
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 ₹5,000 (US$74).
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 status by the Reserve Bank of India 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, Navi Mumbai, Pune, Thane, Raigad, Nagpur, Nashik, Nanded, Kankavali and Aurangabad in Maharashtra State, Vadodara and Ahmedabad in Gujarat State, Udupi and Mangalore in Karnataka State.
The area of operation of the bank is confined to 3 States
The Bank further proposes to extend its area of operation to other States.
Abhyudaya Co-operative Bank Ltd has 111 computerised branches in India.