Abhyudaya Co-op. Bank is the fourth largest multi-State co-operative bank in India. It has a network of 105 branches across Maharashtra, Gujarat and Karnataka.

The bank was established with the motto of “Prosperity through Co-operation”. The bank has surpassed a total business mix of Rs 11,500 crore. On June 25, the bank celebrated its 48th Foundation Day.

On this occasion, the bank’s interactive Web site was launched. Shortly, the bank will be launching International VISA Debit Card. The bank has envisioned a target of reaching a business mix of Rs 50,000 crore by 2020.

During FY 2011-12, the bank has achieved substantial growth in all perspectives reflecting an overall growth of 25.05 per cent in business mix and earned a net profit of Rs. 80.17 crore.

For the FY 2012-13, the bank has set a target of achieving a business mix of Rs 13,200 crore. The bank is providing all types of Foreign Exchange and Money Transfer Services . The Bank has successfully implemented core banking solution (CBS) technology, through this technology the bank is offering Any Branch Banking Service to the customers.

Abhyudaya has also implemented other RBI schemes such as RTGS, ECS, NEFT, Speed Clearing, etc.

Bancassurance

It has taken Corporate Agency of LIC of India and The New India Assurance Co. Ltd. and now all types of policies of LIC and general policies of New India Assurance Co. Ltd. are made available at our branches.

(This article was published on June 27, 2012)
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