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With the modest beginning in 1964  in the co-operative field, the dynamism infused by the Board of Directors, unflinching loyalties of clientele and devotion of staff has propelled the sound foundation of Abhyudaya Cooperative Bank Ltd  and has emerged as one of the leading scheduled Co-operative Multi-State Bank in the country.

Pioneered the opening of Branches in hitherto unbanked areas, first Bank to have network of branches at all nodes developed by CIDCO, Navi Mumbai, pioneered the Clearing House for Navi Mumbai. Introduced Innovative Banking by launching Mobile Branch in Navi Mumbai area for the convenience of hitherto unbanked areas. Constructed own building with auditorium at Vashi and established full-fledged Staff Training College with facilities extended to sister Banks.

Lead Banks for the consortium of Urban Co-op. Banks to finance Maharashtra State Co-op. Housing Finance Corporation Ltd. Took lead to extend the jurisdiction of Mumbai Bankers Clearing House upto Virar, Kalyan and Badlapur. Played a leading role in forming Mumbai and Thane Urban Banks association and Maharashtra Urban Co-op. Banks Federation. Honored with “MAHARASHTRA GAURAV BEST CO-OP. BANK” the year 2003. On 11th January, 2007, the Bank was registered as Multi-State Co-op. Bank by the Central Registrar.

The Bank has successfully implemented the Core Banking Solution (CBS) and thereby connected all Branches situated at Mumbai, Navi Mumbai, Pune and Gujarat Vadodara through leased lines and ISDN line. Now customer can transact cash, transfer of fund, clearing, remittances, etc. from any of the Branches of our Bank and also use ATM card issued by our Bank at any ATM of our Bank for cash withdrawals, statements of accounts and balance enquiry. The Bank has an installation base of 40 ATM’s.

 

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