Abhyudaya Co-operative Bank
Multi-state co-operative bank headquartered in MumbaiProfile
Abhyudaya Co-operative Bank Ltd is an urban multi-state co-operative bank headquartered in Mumbai. It operates in Maharashtra, Gujarat and Karnataka, with branches in cities such as Mumbai, Navi Mumbai, Pune, Thane, Nagpur, Nashik, Vadodara, Ahmedabad, Udupi and Mangalore, according to Wikipedia.
The bank grew out of a credit society formed by social workers in 1964 with share capital of ₹5,000. The Reserve Bank of India (RBI) gave it scheduled bank status in 1988, and on 11 January 2007 it was registered as a multi-state co-operative bank by the Central Registrar in New Delhi. Its products include mortgages, forex and trade services, demat services and internet banking.
The bank is under close RBI oversight. In a press release dated 9 November 2026, the RBI extended the supersession of its Board of Directors for another year from 24 November 2026, saying a review found the extension necessary in the public interest. The original supersession took effect on 24 November 2023 and was extended in 2024 and 2025, and Satya Prakash Pathak continues as Administrator.
Sources: RBI press release, 9 November 2026, Wikipedia, Abhyudaya Co-operative Bank.
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