The beginning

A dedicated group of social workers and labour movement activists, imbued with the
spirit of service to the cause of mill workers, other industrial and hitherto neglected
economically weaker sections started Abhyudaya Co-op. Credit Society Ltd. in 1964,
with a small share capital of 5,000. The area of Kalachowki, Sewri, Parel and their
surroundings were predominantly populated by low income industrial labour and
lower middle class at that time. Within a short span of time Abhyudaya Co-op. Credit
Society got converted into an Urban Co-op. Bank. Finally in June 1965, Abhyudaya
Co-op. Bank Ltd. was established with the motto of "Prosperity through Co-
operation".

A forward march

The Bank was conferred Scheduled Bank status by Reserve Bank of India in
September 1988. Over a span of 45 years, it became a leading Urban Co-op. Bank
in the country with 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. On 11.01.2007 the Bank was registered as a MultiState Co-op. Bank by the
Central Registrar, New Delhi. The area of operation of the Bank is confined to 3
states - Maharashtra, Gujarat and Karnataka. The Bank however proposes to extend
its area of operations to other states. Shree Krishna Sahakari Bank Ltd., Vadodara,
Gujarat State, Janatha Co-op. Bank Ltd., Udupi, Karnataka State and Manekchowk
Co-op. Bank Ltd., Ahmedabad, Gujarat state has been merged with our Bank18. For
the year 2011-12 Bank has a vision of opening more 15 branches thereby achieving
the target of 111 branches & business mix of 11,000 crore.

Growth & Strength

As on 31/01/2011 the bank has 1.38 lakh members and more than 13.07 lakh
depositors. During FY.2009-2010 our bank has achieved substantial growth in all
perspectives reflecting an overall growth of 34% in business mix. The same
consistent growth is continued during past 11 months (F.Y.2010-11) & total business
mix of the bank has reached upto Rs 8600 crore. As on 25th March 2011 Bank’s
Deposits has reached upto Rs 5200 crore with rise of 25% on y.o.y basis and
Advances has reached upto Rs 3400 crore with a rise of 34% on y.o.y basis. The
Bank has ratio of CASA deposits to total Deposits as high as 41.41%. The strength
of the Bank is reflected in the fact that it’s paid up capital and Reserves have
amounted to Rs 810.49 crore and Investments are to the tune of Rs 2310.21 crore.
CRAR maintained by our Bank is as high as 20.91%. The statutory Auditors have
awarded class 'A' rating to the Bank.

Technological progress and services offered by Abhyudaya Bank

The Bank has successfully implemented the Core Banking Solution (CBS). Through
centralized connectivity the Bank is offering Any Branch Banking Service to our
customers. Now customers can transact cash, transfer of fund, clearing, remittances,
etc. from any branch of the Bank and also use ATMs installed at any branch for cash
withdrawals, statement of accounts and balance enquiry. Reserve Bank of India has
also conferred license to open offsite ATMs and the same is installed at A. Nagar,
Worli & Ghatkopar. The Bank is providing all types of Foreign Exchange,
MoneyGram & X-press Money services. Bank is offering Tele-banking, Mobile
Banking and Internet Banking services to our customers. Bank has implemented /
adopted other RBI schemes such as RTGS, ECS, NEFT, Speed Clearing, etc. Bank
has taken Corporate Agency of LIC of India and now all types of LIC's Policies are
available at our branches. Out of 96 branches, 18 branches are working in double
shift, rendering 11 hours service to the customers. In 75 branches 85 ATM’s are
installed, our customers are free to operate on more than 72000 ATMs through
BANCS & NFS Network. Bank has also developed acquirer module and customers
of 57 other Banks in BANCS network can withdraw the amount from ATM machines
installed by our Bank. In three branches viz. Vashi, Dadar and New Panvel 'Franking'
facility has been made available for the General Public. Bank is offering Demat &
PAN CARD distribution services through network of our branches.

Award & Prizes

With Continual growth in various perspectives during F.Y.2009-10, the Bank has
been awarded for excellence by banking frontier in three different fields amongst
large sized Co-op Banks. Simultaneously our Bank has also been awarded the
second Best Bank award amongst large sized Co-op Banks by Brihan Mumbai
Nagari Banks association. The Indian Banks Association has recently awarded “Best
technology Bank of The Year 2010” in the Co–operative Banks category at the
hands of Former President Dr. APJ Abdul Kalam.

Long term perspective

With the expanding horizons, continuous developments and competition the bank
proposes to become full fledged financial service provider, fulfilling requirements of
customers and other stakeholders by providing all allied services, as permitted by
the regulatory authorities. The Bank has adopted advanced technology for providing
faster and convenient services to clients. These major long term proposals will
enable the Bank to increase its market share and better fulfillment of expectations of
all the stakeholders.

V.S.Morye
(Managing Director)

Progress of the bank for last five years (Rs.in Crore)

March March March March March 24 March

2006 2007 2008 2009 2010 2011

Paid up Capital & Reserves 514.44 652.25 670.11 717.72 818.57 810.49

Deposits 1835.87 2154.98 2625.50 3174.81 4170.62 5200.14

Advances 914.87 1283.95 1616.10 1856.39 2564.73 3400.36

Investments 1375.73 1376.34 1420.72 1883.20 2154.82 2310.21

Working Capital 2448.70 2991.97 3734.27 4122.15 5237.63

Branches 39 52 53 75 87 96

Extension Counter 1 1 (Converted into full fledged branch)