K.M.

AGRAWAL COLLEGE

PRESENTED BY
Ashwini Thorve Neha Bhanushali Ravikant Yadav Shweta Jaiswal Supriya Suradkar Supriya Kiratkar Sunanda Rajapkar 39 25 27 45 24 30 56

Submitted To: Professor Mahendra Pandey

Introduction
Abhyudaya Co-op. Bank Ltd., one of the leading Urban Co-operative Banks in India, in its outlook and approach, has the objective of progress and prosperity of all. From a humble beginning in January 1964 as a Co-operative Credit society with a share capital of a merely Rs.5,000/- held by 83 members, today Abhyudaya Co-op Bank has become one of the large Urban Co-operative Banks with a "Scheduled Bank" status. The Bank has been converted into a Multi-State Scheduled Urban Co-op. Bank " w.e.f. 11th January, 2007. The area of operation which was restricted to the State of Maharashtra has now been extended to Karnataka & Gujarat State. Currently, the capital base of the bank stands at Rs. 72 Crore and Reserves at Rs.735.11 Crore as on 31.03.2011 The bank has 1,38,000 members and more than 14 lakh depositors. The Bank has seen a tremendous growth in deposits. The deposits of the bank are over Rs. 5260.63 Crore as on 31.03.2011, which were Rs. 4170.62 Crore as at the end of the financial year 2009-2010. The loans and advances stood at Rs. 3452.66 Crore as on 31.03.2011. The bank had posted a Net Profit of Rs. 77.96 Crore as on 31.03.2011. The growth rate of the bank compares well with that of others in the sector. The Bank has maintained a steady growth. The bank has been paying dividend @ 15% to its members. The Bank has launched different loan schemes tailormade to suit the needs of various customers. The schemes aim at providing loans for purchase or construction of residential premises, repair/renovation of house property, purchase of car, seeking higher education and for purchase of household consumer durable. One of the loan schemes, viz. "Udyog Vikas Yojana" is specially designed for the benefit of small entrepreneurs and businessmen. The procedure for sanctioning of loans under the schemes has been simplified and relaxed with a view to benefit the customers and facilitating speedy sanction of loans. The Bank has total 105 branches including a Mobile Bank at Navi Mumbai. Bank is committed to spread network of branches throughout the State and provide much needed banking services to the population, which has been deprived of the banking facilities. Innovative Banking is another area of operation that Abhyudaya is currently focusing on for a sustainable long term growth. The Bank has always endeavored for providing excellent customer service with the help of the latest technology. The Bank has provided fully computerized services to its valued clients. Bank is offering 11 hours fully computerized services and 7 days working at 18 branches and 24 hours ATM service at 86 branches

Services
TeleBanking
1) Latest balance information 2) Account Transactions 3) Inward clearing cheque details 4) Details of another account (Switch) 5) Change of Pin

Fax on demand
1) Statement of Account (Specific date) 2) Latest balance 3) Inward clearing cheque details

Franking
Facility of Franking of Documents availabl at our following branches : Dadar (West), Vashi, New Panvel

Lockers
Safe Deposit Locker facilities available at various branches. * Reliance Energy, BEST, MSEB Bills collection facility available at selected branches. * ICICI and HDFC Demand Draft payable at various centres all over India is available at our various branches.

RTGS: for Customer Transaction / Remittances

The Real Time Gross Settlement (RTGS) System aims to do what e-mail did for the post card. Instead of sending instructions for payments through cheques, with Real Time Gross Settlement System banks can route payments through on-line messages to RBIs RTGS Payment Gateway. As electronic messages move instantaneously the transactions can be concluded immediately unlike in the case of cheque clearing. In RTGS environment the payer has to inform his bank to debit his account and credit the payees account with an equivalent amount. With RTGS, money would move faster and transactions would be settled in a matter of minutes and the payee would have funds in his account within a maximum time-frame of two hours of the settlement. RTGS is an electronic payment system of Reserve Bank of India which provides

online settlement between participating Banks continuously throughout the day. Using RTGS Customers of the Bank can make payment to the beneficiarys account in another Bank.

RTGS facilitate the funds transfer across the Banks and Branches. At present 95 Banks and 1435 Branches are under RTGS system. Under RTGS system Inter Bank transactions and Customer Transactions has been enabled by the Reserve Bank of India. Customer Transaction can be outward or inward remittances i.e. Funds can be transferred by or received by the Customer under RTGS system. The unique feature of the system is unlike other clearing system in RTGS Funds can be transferred or received Just In Time i.e. within 2 hours of instructions so given that to at cost less than draft charges. For sending the funds through the RTGS all you have to do is fill & sign the Funds Transfer Instruction Form ( available at Branches along with all the necessary details, such as Name of the beneficiary, Name of the Bank and Branch, A/c No. and IFSC Code of the beneficiarys Bank. For receipt of the funds you need to give the IFSC Code of o we will remit the funds through RTGS and within 2 hours funds will be credited to beneficiarys account.

BUSINESS BANKING
Mobile Banking Internet Banking Customers Service NRO / NRE Accounts Foreign Exchange Dept

PERSONAL BANKING
Saving Bank account Current account Deposit Schemes No Frills Account Any Branch Banking Facility 24X7 ATM Facility

Loan scheme
HOUSING LOAN 12%floating loan sanction above Rs. 25lakhs upto and including Rs.5o lakhs EDUCATION LOAN 10%for girls and 10.5% for others amouting RS.10lakh MORTGAGE LOAN - 2.5 % of the sanctioned amount VEHICLE LOAN - 1.5 % of the sanctioned amount.

LOAN AGAINST GOLD ORNAMENTS 12.5%per annum. LOAN/SECURED OVERDRAFT AGAINST GOVT. SECURITIES 9.75%

DEPOSIT SCHEMES

SAVING DEPOSIT SCHEME

CURRENT DEPOSIT SCHEME

TERM DEPOSIT SCHEME- Interest 100 days(for all) 10%p.a. a. b. c. d. e. Monthly Income deposit Quarterly Income deposit Fixed deposit receipt Recurring deposit Tax saving scheme

Shareholders benefit
Medical benefit Educational benefit Sports benefit Rules Governing the members welfare fund

Achievements

AWARDED BY:
1ST BEST CO-OP.BANK 2010-11 AWARDED BY MUBCFL, MUMBAI

Abhyudaya Bank has bagged The Best Bank - 1st prize from, The Maharashtra Urban Co-operative Banks Federation Ltd., Mumbai for the F.Y. 2010-11. Bank has branches in Maharashtra, Gujarat & Karnataka. Bank has taken the corporate agency of New India Assurance Co. Ltd. for selling general insurance policies. For the F.Y. 20112012 Bank has the vision of opening 111 branches & achieving a total business mix of 11,300 Crore. Shortly, bank will be achieving a total business mix of Rs.10, 000 Crore.

Seen in the picture are Abhyudaya Banks Vice Chairman Shri. Nityanand Prabhu, Managing Director Shri. Vijay Morye, Co-operative Banks Employees Union President Shri. Anandrao Adsul & other directors of the Bank Maruti Mehetre, Harihar Jaiswar, Mohan Ghandat, Jayantilal Jain, K.T. Kadam.

2ND BEST CO-OP.BANK 2010-11 AWARDED BY BMNBAL, MUMBAI

BANKING FRONTIER AWARD 2010-11 FOR EXCELLENCE

Human Resources Management(1st Prize) Marketing and Customer Service (2nd Prize) Operational Efficiency (2nd Prize)

Award from Indian Bank's Association as Technology Bank of the year 2010 for outstanding achievement in Banking Technology

Banking frontier award 2009-10 and 2010-11.