About Bank

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 of society started Abhyudaya Co-op. Credit Society Ltd. in 1964, with a small share capital of Rs. 5,000. The area of Kalachowki, Sewri, Parel and their surroundings were predominantly populated by low income industrial labour and lower middle class people at that time. In a short period 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".

The Bank was conferred with Scheduled Bank Status by Reserve Bank of India in September 1988. Over the years, it became one of the leading Urban Co-op. Bank in the country with branches in Metropolitan Mumbai, Navi Mumbai, Pune, Thane, Raigad, Nagpur, Nashik, Nanded, Kankavali, Aurangabad, Ahmednagar & Pen in Maharashtra State, Vadodara and Ahmedabad in Gujarat State, Udupi and Mangalore in Karnataka State. On 11th January, 2007 the Bank was registered as a Multi-State 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 merger of 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 effected. Presently, the Bank is having 106 branches operating in 3 States - Maharashtra, Gujarat and Karnataka.

Our Bank’s plunge to excellence in all directions will be powered by the VISION that provides overarching inspiration, The VALUES that serve to guide thought & action, The VITALITY that embarks on strategy formation & execution. The immense potential of our Bank will be realized by the distinctive amalgam of the ‘Vision, Values & Vitality’.

To continuously strive for synergy between technology, systems & human resources for providing products & services that meet the quality, performance & aspirations of the vast clientele & to maintain the highest standards of ethics & societal responsibilities, constantly innovate products & processes & develop teams that keep the momentum going to take the Bank to excellence.

As on 31st March 2026, the bank has more than 2.66 Lakh members and more than 14.88 Lakh Deposit Accounts. As on 31st March 2026, total Business Mix of the bank has reached over Rs. 13,690 Crore. As on 31st March 2026, Bank’s Deposits have reached upto Rs. 9,367 Crore while Advances have reached upto Rs. 4,324 Crore. The Bank has maintained a ratio of CASA Deposits to Total Deposits as high as 46.20%. The strength of the Bank is reflected in the fact that it’s Paid up Capital and Reserves & provisions have amounted to Rs. 2,376 Crore and Investments are to the tune of Rs. 5,635 Crore.

The Bank is committed for providing convenient, secure and technology-enabled banking services to its customers. Through its branch network, digital channels and customer-centric initiatives, the Bank offers a comprehensive range of banking, financial and support services.

1. Digital & Mobile Banking Services

Customers can access a range of banking services through the Bank's digital channels, including:

• Mobile Banking and Internet Banking facilities.
• UPI-based digital payment services.
• Balance enquiry and account statement facilities.
• Online fund transfers, including NEFT, RTGS and IMPS.
• Utility and other payment services.
• Online access to banking products and services through the Bank's website.
• Monthly account statements through email.
• Beneficiary Account Name Lookup (BANL) facility through Mobile Banking.
• SMS alerts and other digital customer notifications.
• The Bank continues to modernise its technology infrastructure to provide faster, safer and more convenient digital banking services.

2. Branch Banking Services

Customers can avail themselves of a wide range of banking services through the Bank's branch network, including:

• Deposit and withdrawal facilities.
• Cash transactions and fund transfers.
• Clearing and remittance services.
• Account-related services and customer assistance.
• Tax payment and other financial services.
• PAN Card facility.
• Foreign Exchange and Money Transfer services.
• Customer support and grievance-related assistance.
• Selected branches also provide services on all seven days of the week, excluding the 2nd and 4th Saturdays, as per the Bank's service arrangements.

3. ATM & Debit Card Facilities

The Bank provides ATM and debit card facilities for convenient access to banking services. Customers can use their debit cards for cash withdrawals and other permitted transactions. The Bank's 100 ATMs are available for customers of the Bank as well as customers of other banks through the NFS network, subject to applicable rules. Debit cards can also be used at Point-of-Sale (PoS) terminals for merchant payments.

4. Financial Inclusion & Government Schemes

The Bank supports financial inclusion and facilitates access to Government-sponsored financial services and benefits, including:

• Pradhan Mantri Jan-Dhan Yojana (PMJDY) for expanding access to banking services.
• Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY).
• Pradhan Mantri Suraksha Bima Yojana (PMSBY).
• Aadhaar-based Direct Benefit Transfer (DBT) for eligible Government benefits and subsidies.
• The Bank is now offering Insurance Services as Corporate Insurance Agent, registered with Insurance Regulatory and Development Authority of India (IRDAI). Bank is offering Life Insurance services of Life Insurance Corporation of India (LIC), HDFC Life Insurance Co. Ltd. (HDFC) and SBI Life Insurance Co. Ltd. Bank is offering General Insurance of The New India Assurance Co. Ltd. (NIAC), Bajaj Allianz General Insurance Co. Ltd. (BAGIC) and SBI General Insurance Co. Ltd. (SBIGI). Bank also offers Health Insurance policy through Care Health Insurance Ltd. (CARE).
• The Bank has newly launched Mutual Fund distribution services on 17th July, 2025 to provide customers with more investment and wealth creation options. These services are available to customers from all our Branches.

5. Customer Care & Assistance

The Bank has established various customer-support initiatives to improve accessibility and responsiveness, including:

• Toll-free customer service facilities: 1800-22-3131
• Missed-call facilities: 1800-313-5235
• Card Hotlisting facilities: 9223110011
• UPI Blocking facilities: 9052782345
• Customer Care Centre support.
• Periodic customer meetings and customer-service initiatives.
• The Bank also conducts customer-awareness programmes to promote safe and convenient banking practices.

6. Technology, Security & Business Continuity

The Bank continues to strengthen its technology and security infrastructure to ensure reliable banking services. Key initiatives include:

• Modernisation of the Core Banking platform.
• Strengthening of digital payment infrastructure.
• Centralised network time synchronisation.
• Data Loss Prevention (DLP) and Security Operations Centre (SOC) solutions.
• Disaster Recovery (DR) preparedness and periodic DR drills.
• Enhanced cyber-security and business-continuity measures.
• Technology-enabled regulatory reporting and reconciliation processes.
• Measures for fraud prevention and transaction security.

These initiatives are aimed at improving customer experience, operational efficiency, cyber resilience, regulatory compliance and business continuity.

Bank is having its own fully equipped staff training college at Vashi premises whereby the talent of the staff members and officials are groomed to make them competitive to face the challenges in the Banking Sector.

Bank was awarded the “Best IT Risk Management” award at the Annual Banking Technology Conference 2024-25, organised by the Indian Banks’ Association (IBA) on 9th January, 2026.

The Bank’s financial results in future are not expected to be materially adverse or would have an impact on the going concern assumption. The liquidity position, ability to service debt or any other commitments, capital or profitability may not significantly affect the Bank. Bank is constantly monitoring the status of above parameters. The Bank has sufficient liquidity position and has also maintained required CRR and SLR without any default. The Bank has reviewed its business plans & prepared revised profit projections. The bank has appropriate plans in place to mitigate necessary challenges and risks.

In preparing the financial statements, management is responsible for assessing the Bank’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting.

The financial statements are drawn up keeping in mind the historical cost and going concern concept and in accordance with generally accepted accounting principles and practices prevailing in the co-operative banks in India unless otherwise stated.

F. Y. 2025-26 has been another year of meaningful progress in Bank’s turnaround journey. There is substantial increase in profitability, continued reduction in NPAs, stronger provisioning levels and significant improvement in net worth and capital adequacy demonstrate the Bank as going concern. Bank remain committed to maintaining the highest standards of governance, regulatory compliance, customer service and financial discipline while creating long-term value for its members and stakeholders. Looking ahead, the Bank remains focused on expanding its Retail, MSME and Priority Sector lending portfolio, strengthening customer engagement, enhancing digital banking capabilities and improving operational efficiency.