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 " MultiState 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. 56.16 crores and Reserves and surpluses at Rs.762.40 crores as on 31.03.2010. The bank has 1,29,584 members and more than 13 lakh depositors. The Bank has seen a tremendous growth in deposits. The deposits of the bank are over Rs. 4170.62 crores as on 31.03.2010, which were Rs. 3176.81 crores as at the end of the financial year 2008-2009. The loans and advances stood at Rs. 2564.73 crores as on 31.03.2010. The bank had posted a as on 31.03.2010. " 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 which is maximum permissible as per the MCS Act. The Bank has launched different loan schemes tailor-made 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 attract new customers and facilitating speedy sanction of loans. The Bank has total 90 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. The Bank has total 90 branches including a Mobile Bank at Navi Mumbai. 11 Hours fully computerized services and 7 days working at 22 branches and 24 hours ATM service at 68 branches. 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 satisfactory customer service 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 22 branches and 24 hours ATM service at 68 branches.Shri Vijay S. Morye Shri Rajeev D. Gangal Shri Sadanand K. Nayak Shri Dhanji G. Kurlawala Shri Puneetkumar R. Shetty Shri Prakash K. Naik Shri Anil K. Nikam Shri K.B.Sawant Shri Prasanth L. Mohapatra Shri Girish S. Shintre Shri Dattaram H. Dawal Shri Sonudas A. Naik Shri Anil G. KhatuManaging Director General Manager (Treasury, I.T. and Planning & Marketing) General Manager ( Credit, Forex, Legal & Recovery) General Manager (H.R.D., Development and Accounts & Inspection) Deputy General Manager (Treasury Department) Deputy General Manager (Navi Mumbai Zone) Deputy General Manager (Pune Zone) Deputy General Manager (Central Zone) Deputy General Manager (I.T. Department) Deputy General Manager (Western Zone) Deputy General Manager (Legal & Recovery Department) Deputy General Manager (Development Department) Assistant General Manager (Accounts Department)

Shri Devendra K. Mewada Shri Bhaskar M. Shetty Shri Shahabuddin H. Pathan Shri Satyendra Y. Bhandarkar Shri Anthony P. Naronha Shri Lancelot R. Tauro Shri Pradeep V. Kamat Shri Sureshkumar S. Shetty Shri Ravindra A. Kamath Smt Jyoti S. Bolar

Assistant General Manager (Credit Cell, Abhyudaya Nagar) Assistant General Manager (Regional Office ,Udupi) Assistant General Manager (I.S. Audit , Inspection & Vigilance Department) Assistant General Manager (Regional Office, Ahmedabad) Assistant General Manager (Legal Department) Assistant General Manager (Forex Department) Assistant General Manager (Legal Department) Assistant General Manager (Credit Dept. Head Office) Assistant General Manager (Chief Dealer - Forex Treasury) Assistant General Manager ( Secretarial Department )

Shri Camillo F. Fernandes Shri Shripad D. Kulkarni Shri D. Venkatesan

Assistant General Manager ( Personnel Department) Senior Manager (Industrial & Finance Department) Senior Manager ( Central Clearing Department)

PERSONAL LOAN

Purpose : 1. Purchase of Consumer Durables / Furniture / Fixtures / Computers 2. Repairs / Renovations of Flat / House 3. Purchase of 2 wheelers 4. Purchase of Gold Ornaments 5. Marriage & other religious ceremonies 6. Domestic / Foreign Tours & Travels 7. Repayment of existing debt 8. Takeover of personal loan from other banks 9. Medical expenses for self / family members etc. Maximum Amount : Rs.2.00 Lakh Eligibility :

Salaried Persons : (a) Minimum take home pay after EMI amount of loan Rs.4,500/- and net salary above Rs.7,000 /-p.m. Repayment : Upto 60 installments Rate of Interest : 14% [ With 50% Collateral securities 13% ] Sureties : (A) Employees of Limited companies / Large organizations / Govt. Employees : With SDL / ECS facility : upto Rs.1.00 Lakh One Surety with Net Salary of Rs.7,000/- and above Above Rs.1.00 Lakh to Rs. 2.00 Lakh Two Sureties with Net Salary of Rs. 6,000/- and above Without SDL / ECS facility : upto Rs.50,000/- One Surety with net salary of Rs.7,000/- and above Above Rs.50,000/- to Rs.2,00,000/- Two Sureties with net salary of Rs.6,000/- and above (B) Persons employed in reputed companies / organizations : Upto Rs.25,000/- One Surety with net salary of Rs.7,000/- and above Above Rs.25,000/- upto Rs.2,00,000/- Two Surety with net salary of Rs.6,000/- and above

(C) If the borrower is a businessman and employees of other organization with good repaying capacity and owning a house : Two sureties with net salary of Rs.6,000/- and above. Service Charges : 1.2% of amount sanctioned Share Amount : 5% of the amount sanctioned HOUSING LOAN

Purpose :including extension to existing flat / house

Purchase of new flat and construction of house or purchase of old flat / house

Maximum Amount :"Loans upto Rs.15.00 Lakh - 90% Above Rs.15.00 Lakh up to Rs.20.00 Lakh - 85% Above Rs.20.00 Lakh up to Rs.50.00 Lakh - 80% of the Agreement Value+Stampduty+Registration Charges or Market

Value whichever is less".

Upto 180 installments to Salaried Persons & 120 installments in case of others / businessmen Rate of Interest :(Effective from 01-07-2009) 10 % (Floating) in case of Loans upto Rs.50.00 Lakh Fixed at 9% upto 30.9.2011 in case of Abhyudaya Special Housing (The Scheme is open upto 31.03.2011 and only for Loans upto Rs.20.00 Lakh). Sureties : "Sureties with Net Income/Salary above Rs.7,000/- and below 45 years of age. Surety for loans upto Rs.10.00 Lakh Sureties for loans above Rs.10.00 Lakh".

Repayment :

Purchase of Flats in Building more than 15 years old : For purchase of flat in Building which is more than 15 years old, loan will be considered only if it is certified by the Structural Engineer that the residual life of the building is more than 20 years and the building is in good condition.

Service Charges : Service charges reduced to 0.60% @ from 1.20 % of the loan amt. Share Amount : 2.5% of the Loan amount sanctioned. EDUCATIONAL LOAN

Purpose : For education in India and abroad Maximum Amount : For studies in India Rs.10.00 lakh For studies in abroad Rs.20.00 lakh Students Eligibility : An Indian National, who has secured admission to eligible course. The loan will be sanctioned to the parents of

the student and the student will be Co-Borrower.

Eligible Course : Studies in India : Diploma / Graduation / Post-Graduation / Medical / Technical / Professional courses in various disciplines. Computer Certificate courses in reputed institute accredited to the Dept.of Electronics. and for Pilot Training.

Studies Abroad : For job oriented Professional / Technical / Medical courses offered by reputed Universities. MCA, MBA, MS etc. Courses conducted by CIMA, London, CPA in USA etc. Expenses considered for Loan : Fees / Exam fees / Cost of Books / Equipments / Uniform etc. / Hostel Expenses / Caution Deposit and Travel Expenses / Passage for student studying abroad will also be considered.

Eligibility: upto 100% of total course fees.

Repayment : Moratorium period : Duration of the course + 6 months. EMI : Maximum 60 months after Moratorium period

Rate of Interest :

For Girls : 10.00% p.a. for Loans upto Rs.10.00 lakh and 11.00% p.a. forabove Rs. 10.00 Lakh

For Others :10.50 % for Loans upto Rs.10.00 Lakh and 11.50% p.a. for aboveRs. 10.00 Lakh

Sureties : (A) Loan upto Rs.2.00 lacs - Two sureties salary / income Rs.7,000/- p.m. and above (in case of lien on flat only one surety). (B) (a) Loan above Rs.2.00 lakh to Rs.5.00 lakh - Lien on residential flat and two sureties, Salary / income Rs.10,000/- and above (b) Loan above Rs.5.00 lakh to Rs.20.00 lakh - Collateral security 100% of the sanction limit in the form of

Equitable Mortgage of residential flat / pledge of tangible securities such as NSC / LIP / FDR / RBI Bonds equivalent to atleast 100% of the sanctioned limit and Two sureties Salary / Income Rs. 15,000/- and above

Share Amount 2.5% of the Loan amount sanctioned.

Service Charges : 1.2% of amount sanctioned MORTGAGE LOAN

Purpose : The loan amount can be used for any purpose but shall not be used for purposes prohibited by law. The property should be in the name of Applicant or Co-applicant of family member Maximum Amount: (a) Rs.20 lakh to Individuals / Self employed persons / Professionals. (b) Rs.100.00 lakh to business enterprises and self employed and Professional for use in business against own Flat / House / Gala / Office / Factory Premises, etc. kept in ,ortgage. Repayment : Upto 84 months Eligibility

Amount of loan will depend on repaying capacity / DSCR / Loan to the extent of 60 % of the present value of the property.

Sureties: One surety of good means acceptable to the bank

Service Charges : 1.2 % of the sanctioned amount

Share Amount :

2.5 % of the sanctioned amount

SAVING BANK DEPOSIT ACCOUNT

WHO CAN OPEN AN ACCOUNT: Any person or persons and associations of individuals like Co-op. Societies, Institutions and Associations approved by the bank. Account may be opened individually by one person or by two or more persons in their joint names. Natural guardian i.e. father or mother can open account on behalf of a minor child/ward. Initial Deposit for opening SB A/c with cheque book Rs.1000/without cheque book Rs.300/*This is also the minimum balance requirement for respective accounts.

INTEREST: Interest will be paid @ 3.5% p.a. (half yearly) as per rules. Interest for the period September to February and March to August will be calculated and credited in the months of March and September each year. CURRENT DEPOSIT ACCOUNT

Who Can Open an Account: Any person or persons approved by the bank in the following manners: (i) In his/her name (ii) In the name of two or more persons (iii) Co-op. Societies, Institutions and Associations (iv) Private/Public Ltd. Company (v) Proprietor/Partner

Initial Deposit : Initial cash deposit of Rs.3000/- which balance should always be maintained in the Current Account.

Interest : No interest will be paid on the balance in Current Account. Statement of Account : Bank will issue statement of account to the accountholder once in a month. Incidental Charges : Incidental charges as per Service Charge Manual in force will be levied for non-maintenance of minimum balance prescribed, eturn of Inward/Outward cheques, stop payment instructions, issue of cheque books etc. Refer to our Service Charges elsewhere on this site. Free ATM Card :e ATM Card : For the facility of cash withdrawal upto Rs.15,000/- in a day from account with our any branch at anytime of the day through our 53 ATMs, ATM card is issued free of charge at present. No ATM card is however issued to Cash Credit A/c holder. Minimum Requirement : Introduction by a person known and acceptable to the bank. 2 copies of latest photographs Proof of identity and residence and business proof Copy of PAN card with original for verification>

1. 2. 3. 4.

General : The Bank reserves the right to alter, amend, rescind the rules from time to time. MONTHLY INTEREST DEPOSIT SCHEME

WHO CAN OPEN AN ACCOUNT: Any person or persons approved by the Bank. Co-operative Societies, Registered Trust, Institutions and Associations. By two or more persons in their joint names. By a natural guardian i.e. father or mother approved by the bank on behalf of a minor.

MINIMUM DEPOSIT: Rs.5,00/-

INTEREST: Interest will be paid on the deposits at the rates in force as per the Reserve Bank's directive from time to time. Interest amount will be paid Monthly. Interest will either paid in cash or credited to the Bank Account of the depositor (click here for our attractive Term Deposit Interest Rates) Monthly Interest on Deposit Amount of Rs.10,000/5% 41 5.5% 6% 46 50 6.5% 7% 54 58 7.5% 62 8% 66 8.5% 70 9% 74 9.5% 79 10% 83 10.5% 11% 87 91

TERM DEPOSIT CERTIFICATE: The Bank will issue a certificate in favour of the depositor /s showing the amount deposited, the period for which the deposit is accepted, maturity date and maturity amount.

DUPLICATE CERTIFICATE: In case of loss of original Fixed Deposit Certificate the depositors would have to intimate the bank immediately. On an application satisfying the prescribed rules the certificate indicating the particulars of the deposit will be issued to the depositor. The Bank will charge Duplicate Certificate at such rates as in force from time to time. LOAN AGAINST DEPOSIT: 90% Loan against deposit amount is available.

GENERAL: The Bank reserves the right to alter, amend, rescind the rules from time to time. QUARTERLY INTEREST DEPOSIT SCHEME WHO CAN OPEN AN ACCOUNT:

Any person or persons approved by the Bank. Co-operative Societies, Registered Trust, Institutions and Associations. By two or more persons in their joint names. By a natural guardian i.e. father or mother approved by the bank on behalf of a minor.

MINIMUM DEPOSIT:

Rs.5,00/-

INTEREST:

Interest will be paid on the deposits at the rates in force as per the Reserve Bank's directive from time to time. Interest amount will be paid Monthly. Interest will either paid in cash or credited to the Bank Account of the depositor(click here for our attractive Term Deposit Interest Rates)

Quarterly Interest on Deposit Amount of Rs.10,000/5% 5.5 % 6% 6.5 % 7% 175 7.5% 188 8% 200 8.5% 213 9% 225 9.5% 10% 238 250 10.5 11% % 263 275

125 138 150 163

TERM DEPOSIT CERTIFICATE:

The Bank will issue a certificate in favour of the depositor /s showing the amount deposited,

the period for which the deposit is accepted, maturity date and maturity amount.DUPLICATE CERTIFICATE:

In case of loss of original Fixed Deposit Certificate the depositors would have to intimate the bank immediately. On an application satisfying the prescribed rules the certificate indicating the particulars of the deposit will be issued to the depositor. The Bank will charge Duplicate Certificate at such rates as in force from time to time.

LOAN AGAINST DEPOSIT:

90% Loan against deposit amount is available.GENERAL:

The Bank reserves the right to alter, amend, rescind the rules from time to time.ABHYUDAYA TAX SAVING SCHEME (ATSS) Abhyudaya Tax Saving Scheme is formulated by the bank as per the Term Deposit Scheme, 2006 notified by Government of India for the benefit of Income Tax payers. The depositor can avail deduction of the investment upto Rupees One Lakh in a year made in this deposit from his taxable income U/s 80C of the Income Tax Act. This deposit has a lock-in-period of 5 years from the date of issue.

I) Terms & Conditions :1) Minimum Deposit Rs.5000/- and thereafter in multiples of RS.100/2) Not transferable 3) Not encashable for 5 years from the date of issue 4) Only the depositor first named will be eligible to claim deduction U/s 80C of IT Act, 1961 5) Interest on the deposit is subject to TDS U/s 194A and 195 of the IT Act, 1961 6) Interest Accrual will cease from the date of maturity 7) Deposit under ATSS shall not be pledged to secure loan or as security to any other asset. 8) Nomination facility available II) Rate of Interest : 1) General Public 8.25 % p.a. 2) Senior Citizen - 8.50 % p.a. 3) The interest shall be paid every quarter (like quarterly interest scheme) except if required otherwise in accordance with the regulatory guidelines for payment of interest on the term deposit as may be issued by RBI from time to time.

ABHYUDAYA BANK IN PURSUIT OF GROWTH

Term Deposit Duration

Interest Rate (% p.a.) Applicable w.e.f. 01.11.2010 General Public & Regd.Trusts, Co-op. Societies

Interest Rate (% p.a.) of Bulk Deposits of Rs.15.00 Lakh and above w.e.f. 01.11.2010

Co-op. Hsg. Societies & Senior Citizens 4.50

General Public & Regd. Trusts, Co-op. Societies4.50

Co-op. Hsg. Societies & Senior Citizens

15 days to 45 days

4.50

4.50

46 days to 90 days 91 days & above upto and inclusive of 180 days 181 days and above inclusive of 12 months Above 12 months and upto and inclusive of 36 months Above 36 months and upto inclusive of 60 months Above 60 months and upto and inclusive of 120 months

5.00

5.00

5.00

5.00

7.00

7.00

7.00

7.00

7.50

7.50

7.50

7.50

8.50

8.50

8.50

8.50

8.00

8.25

8.00

8.25

7.50

8.00

7.50

8.00

| Home | Interest Rates on Loans & Advances [ Schedule of revised rate of interest on loans and advances W.E.F. 01.07.2009 ]

Sr. No.

Types of facility

Rate of Interest (%) w.e.f. 01.07.2009 12.00 14.00 13.00

Special Stipulations/ Remarks

I II

Prime Lending Rate (PLR) a) Surety Loan b) Surety Loans with collateral securities more than 50% [ For all Existing as well as New Accounts ]

III

a) Gold Loan b) Gold Loan with Bullet Repayment option [ For all Existing as well as New Accounts ]

10.00 10.00

No Service Charges The existing practice of charging service charges for gold loans at Udupi Regional branches will be continued. Service charge of Rs.100/- to all (including Staff Accounts)

IV

V

VI VII VIII

IX

X

Secured Overdraft (SOD) & Loans 11.00 against collateral securities like NSCs / RBI Bonds / LIC / KVP / GOLD (For all Existing as well as New Accounts) Bill Discounting under L/C a) Tenure of Bills upto 90 days 8.00 b) Tenure of Bill for 91 days to 120 days 9.00 Mortgage Loan 13.50 (For all Existing as well as New Accounts) Rent Securitization Loan 12.00 (For all Existing as well as New Accounts) Premises Loan {i.e. loans and advances grated 12.00 to the lessor of our Bank Premises) w.e.f 01/04/2010 (For all Existing as well as New Accounts) Loans & Advances to Educational Institutions:11.50 (For all Existing as well as New Accounts) w.e.f the accounts of Educational Institutions which 01/09/2010 are irregular / overdue as on 30/09/2010 or afterwords will be charge with rate of Interest at 14% from 01/10/2010 or from the date of irregularity to 31/03/2011 even if the account holder has cleared all the overdues during this period. Housing Loan (Existing Loans) I] a) Upto Rs.20.00 Lakh sactioned before introduction of special housing loan scheme i.e. sactioned upto 30/06/2009 b) Above Rs. 20.00 Lakh and upto Rs. 50.00 Lakh sactioned before 01/04/2010 II] New Housing Loan : 10.00 (Floating)

Irrespective of Grading. However, the exercise of grading is compulsory.

11.00 (Floating) Margin : upto Rs 15.00 Lakh - 10% Above Rs. 15.00 to Rs.

NRI DEPOSIT RATES [ INTEREST RATES ON NRE DEPOSITS ] Saving Deposits 3.50 % p.a.

Term Deposits[ Prevailing Interest rates for the Period ] [ 01. 12. 2010 to 31. 12. 2010 ] Period of Deposit From 12 months to Less than 24 months From 24 months to Less than 36 months From 36 months to Less than 60 months FOREIGN CURRENCY (NONRESIDENT) TERM DEPOSIT (w.e.f. 01.12.2010 to 31.12.2010) 2.78 % p.a. 2.51 % p.a. Rate (p.a.) 2.54 % p.a.

U S %1 Year and above but less than 2 years 2 Year and above but less than 3 years 3 Year and above but less than 4 years 1.7 2.4 9 9 2.59 2.49 GB

D P%

EURO %

1.7 2.3 6 6

2 2.7 . 0 3 0

2.84

4 Year and above but less than 5 years

2 3.0 . 3 6 4

3.10

5 years only

2 . 7 2

3 . 3 6

3.33

Interest Rates on NRO w. e. f. December. 01, 2010

Term Deposit15 days to 45 days 46 days to 90 days 91 days to 180 days Above 180 days to 12 months Above 12 months to 36 months Above 36 months to 60 months Above 60 months to 120 months

General Public 4.50 % p.a. 5.00 % p.a. 7.00 % p.a. 7.50 % p.a. 8.50 % p.a 8.00 % p.a. 7.50 % p.a. BRANCHES

Senior Citizens 4.50 % p.a. 5.00 % p.a. 7.00 % p.a. 7.50 % p.a. 8.50 % p.a 8.25 % p.a. 8.00 % p.a.

A Network of 90 branches all over Mumbai, Navi Mumbai, Pune, Raigad, Sindhudurg, Nashik & Thane Districts in Maharashtra state , Udupi & Manglore Districts in Karnataka State and Vadodara & Ahmedabad Districts in Gujrat state.Network Branches Abhyudaya Nagar Address : Sahakar Sadan, Dattaram Lad Marg, Kalachowky, 033 Telephone No.: 2470 1134, 2471 3947 Timing : Monday-Friday 08.00 a.m. to 1.30 p.m. 03.00 p.m. to 08.30 p.m. Saturday-Sunday 08.30 a.m. to 12.30 p.m. Bhayander Address : Shop 7 & 9 , Gr Floor, 107 to 111, 1st Floor, Malhar Arcade, Navghar Phatak Road, Bhayander (East) - 410105 Telephone No. : 28040964 , 28140964 Timing : Monday -Friday 8.00a.m. to 1.30p.m. 3.00p.m. to 8.30p.m. Saturday 9.00a.m. to 1.00p.m. Dadar (W Address : Darukhana Address : Borivali Address : Ratnadeep Apartments, Carter Rd. No.1, Borivli (E), Mumbai-400 066 Telephone No.: *28636529, 28057103 Timing : 8.00 a.m. to 1.30 p.m. 3.00 p.m. to 8.30 p.m Saturday - Sunday 8.30a.m. to 12.30p.m Mumbai 400 Andheri Address : Shraddha Shopping Centre, Old Nagardas Road, Andheri (East), Mumbai - 400 069 Telephone No.: 2683 3207, 2684 5860 Timing : Monday-Friday 08.00 a.m. to 01.30 p.m. 03.00 p.m. to 08.30 p.m. Saturday-Sunday 09.00 a.m.- 01.00 p.m.

ABHYUDAYA CO-OPERATIVE BANK LTD. ( Multi-State Scheduled Bank ) Profit & Loss Account For the Year Ended 31.03.2010

31.03.2009 Rs.

Expenditure

31.03.2010 Rs.

Interest On Deposits & Borrowings 1,773,943,073.67 21,885,466.48 530,642,688.47 2,882,493.00 135,081,364.08 3,219,211.64 20,734,966.56 6,385,296.44 13,598,338.22 27,787,920.65 78,189,359.10 10,657,141.10 36,838,800.09 5,382,720.23 1,114,733.47 37,443,040.00 20,327,735.43 134,788,479.49 a) On Deposits b) On Borrowings Salaries, Allow.,Provident Fund, Gratuity etc. Directiors Sitting Fees & Allow. Rent, Taxes, Insurance & Lighting Law Charges Postage,Telegram & Telephone Audit Fees Printing & Stationery Advertisement Depreciation Amortisation Of Software Repairs & Maintenance Travelling & Conveyance Subscription Sundry Expenses Provision for contingencies (Investment) Amortisation Of Premium On Invt. Amortisation Of deferred loss on shift of Investment 2,376,903,527.17 27,448,413.06 947,940,186.87 3,980,864.00 178,634,436.26 5,364,650.18 22,711,780.97 7,387,101.96 17,744,135.65 17,609,398.19 84,659,267.71 7,212,879.23 40,552,478.49 5,517,017.36 1,136,378.36 55,230,296.38 190,641,460.69 12,487,835.53 3,149,068.35

126,912,055.00 53,000.00 85,500,000.00 22,126,000.00 80,555.00 9,877,191.86

Cost of Acquisition (Loss) of Merged banks written off Provision for Fraud & misappropriation Provision Towards Bad & Doubtful Debts Reserve Provision for Re-strucutred accounts Provision for expenses Bad debts written off

126,912,055.00 6,500,000.00 3,927,047.61

1,368,938,072.59

Profit Before Tax

213,105,053.23

Provision For Taxes 315,500,000.00 2,350,000.00 127,438,554.00 Income Tax Fringe Benefit Tax Deffered Tax 22,835,100.00 4,656,073.78

923,649,518.59

Net Profit after Tax

185,613,879.45

4,474,389,702.57

4,356,755,332.25

923,649,518.59

Balance carried to Balance Sheet

299,039,802.45

923,649,518.59

299,039,802.45

As per our Report of even date For BORKAR & MUZUMDAR CHARTERED ACCOUNTANTS

(PRAKASH JAIN) PARTNER M.NO. : 121821 PLACE : MUMBAI DATED : May 31, 2010

V.S. MORYE MANAGING DIRECTOR

SITARAM C. GHANDAT CHAIRMAN

As at 31.03.2009 Rs.

CAPITAL & LIABILITIES

AUTHORISED CAPITAL

750,000,000.00 7,50,00,000 Shares of Rs.10/- each

SUBSCRIBED & PAID UP CAPITAL

5,61,61,026 Shares of Rs.1O/- each 342,326,380.00 Individuals State Government Co.op.Socieities 115,419,410.00 Others 457,745,790.00 RESERVE & OTHER FUNDS 136,636,190.00 424,974,070.00

943,875,809.53 Statutory Reserve Fund 82,800,000.00 Development Reserve Fund 426,009,228.00 General Reserve Fund 20,000,000.00 Jubilee Fund 1,273,367,192.39 Building Fund 25,552,000.00 Dividend Equilisation Fund 12,500,000.00 Charity Fund 2,677,834,178.54 Bad & Doubtful Debts Reserve 138,000,000.00 Contingent provisions against Standard assets 764,966,469.12 Investment Fluctuation Reserve 59,560,522.30 Contingency Reserve Fund 13,745,872.00 Members Welfare Fund 9,860,504.00 Members Benevolent Fund 224,125,543.66 Deferred Tax Credit (Trans.effect) 14,307,983.00 Contingent Prov.Agn.Dep.in Inv. 10,857,434.39 Long Term Fin. Spl. Reserve Fund 22,126,000.00 Provision for Restructured Accounts -

6,719,488,736.93

DEPOSITS

Fixed & Other Deposits

16,096,480,586.80 From Individuals 1,648,725,004.13 From Co-op. Societies 17,745,205,590.93 Savings Deposits

19,047,391,609.14 4,956,224,384.70

11,679,239,848.03 From Individuals 255,700,543.50 From Co-op. Societies 11,934,940,391.53 Current Deposits

14,452,355,985.53 340,210,497.70

2,040,983,552.47 From Individuals 26,973,581.14 From Co-op. Societies 2,067,957,133.61

2,879,184,503.69 30,809,048.04 -

38,925,337,643.00

T O

T

A

L

As at 31.03.2009 Rs.

CAPITAL & LIABILITIES

38,925,337,643.00 Brought Forward 0.00 BORROWINGS

BILLS FOR COLLECTION

70,358,349.15 Being Bills Receivable as per contra

OVERDUE INTEREST RESERVE

807,622,572.64 OIR-I 11,185,779.57 OIR-II 13,891,403.00 OIR-III -

87,299,823.45 INTEREST PAYABLE

OTHER LIABILITIES

199,855,691.05 Pay Orders 22,131,525.74 Unclaimed Dividend 12,041,744.36 Sundry Creditors

3,903,325.84 Audit Fee Payable 13,455,088.38 Provision for Loss of BPC Bank 42,566,800.37 Provision for Fraud & Misappropriation 636,466,525.00 Provision for Income Tax 6,085,607.00 Provision for Fringe Benefit Tax 106,585,935.67 Provision for PL encashment 48,641,345.00 Provision for Sick Leave 61,019,774.00 Share Collection A/c (Merged Co-op. Bank) 847,380.00 BCTT / FBT Payable 0.00 Provision for Sick Leave encashment 431,030.42 Service Tax/Ed.Cess/H.Ed.Cess Payable 6,517,570.00 TDS Payable 1,414,070.00 Share Application (BPC Bank) 53,231,359.73 Provision for Gratuity 13,727,218.08 Cheques under Clearing

30,232,721.85 Misc. 1,259,154,712.49 -

966,052.09 Branch Adjustments

PROFIT & LOSS ACCOUNT 408,119,954.15 Profit as per last Balance Sheet Less: Appropriations of profit 102,099,324.80 Statutory Reserve 40,811,995.42 Contingency Reserve Fund 230,912,380.00 92,364,952.00

4,081,199.54 Education Fund 55,000,000.00 Dividend 55,500,000.00 Ex-gratia to Employees 56,100,000.00 Investment Flactuation Reserve 10,857,434.39 Long Term Finance Special Reserve 570,000.00 Members' Welfare Fund 300,000.00 Members' Benevolent Fund 82,800,000.00 Development Reserve Fund 0.00

9,236,495.00 65,000,000.00 60,800,000.00 403,060,747.00 25,182,000.00 450,000.00 100,000.00 36,542,944.59

923,649,518.59 Profit for the year

42,099,465,853.98

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As at 31.03.2009 Rs.

CAPITAL & LIABILITIES

42,099,465,853.98 Brought Forward

Contingent Liabilities

Forward Exchange Contracts Bank Guarantee Letters of Credit (Issued on behalf of constituents) Rs. 241,15,83,674.79 Rs. 35,38,09,649.00 Rs.194,90,99,928.79 Rs. 10,86,74,097.00

----------------------------------(Previous Year) Bank Guarantees Letters of Credit Rs.167,77,68,325.09 Rs.19,40,67,136.00

Forward Exchange Contract Rs. 45,52,100.00 Rs. 187,63,87,561.09

42,099,465,853.98

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As per our Report of even date For BORKAR & MUZUMDAR CHARTERED ACCOUNTANTS

(PRAKASH JAIN) PARTNER M.NO. : 121821 PLACE : MUMBAI DATED : May 31, 2010

V.S. MORYE MANAGING DIRECTOR

SITARAM C. GHANDAT CHAIRMAN

Achievements since 1964

1964

Established as Co-operative Credit Society.

1965

Converted into a Bank with one Branch at Abhyudaya Nagar.

1968

Second Branch opened at Sewree.

1974

Deposits crossed Rs.1.00 Crores.

1975

Advances crossed Rs.1.00 Crores.

1979

Deposits crossed Rs.10.00 Crores.

1980

Advances Crossed Rs.10.00 Crores. First Co-op. Bank to open Branch in Navi Mumbai at Turbhe. Deposits crossed Rs.25.00 Crores. Opened a Mobile Branch at Vashi, Navi Mumbai. Deposits crossed Rs.50.00 Crores. Advances crossed Rs.25.00 Crores Inauguration of Bank's own Building, Staff Training College and Auditorium at Vashi. RBI Permitted the Bank to open and maintain NRI Accounts. Advances crossed Rs.50.00 Crores. Instituted Educational Prizes to the children of Members and Employees. Became 3rd Biggest Urban Co-op. Bank in India. Deposits crossed Rs.100.00 Crores.

1982

1984

1985

1986

1987

1988

Advances crossed Rs.200.00 Crores. Became Scheduled Bank.

1989

Deposits crossed Rs.200.00 Crores.

1990

Inauguration of Bank's own Building at New Panvel.

1992

Deposits crossed Rs.300.00 Crores.

1994

Deposits crossed Rs.400.00 Crores. Advances crossed Rs.200.00 Crores. Decision to set up "Development Reserve Fund" to undertake special schemes. Deposits crossed Rs.500.00 Crores. Opened 32nd Branch at Nhava Sheva and 33rd Branch at Andheri (East). Deposits crossed Rs.700.00 Crores. Inauguration of Kandivali (East) Branch. Deposists crossed Rs.775.00 Crores. All Branches fully computerised. Opened 34th Branch at Koparkhairane. Opened 35th Branch at Banking Comlex, Vashi. Deposits crossed Rs.900.00 Crores. Deposits crossed Rs.1000.00 Crores. Eleven Hours & Sunday Banking started in 16 Branches. ATM installed at 3 Branches. Bank's website : www.abhyudaya.com launched. Deposits of our Vashi, Nehru Nagar and Bhandup branches crossed Rs.100.00 Crores. 4 new branches opened with ATM Facility at Deccan Gymkhana (Pune), Dadar (West), Naupada (Thane) and Mulund (West). Opened 40th Branch with ATM Facility & 11 hours and sunday banking at Lokmanya Nagar (Thane). Setup Treasury Dept. at Fort. Started RTGS and NDS facilities.

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2006

* Franking facility at Dadar, Vashi, New Panvel * Citizens Co-op. Bank Ltd. Pune with 13 Branches merged with our Bank. * Bank registered under Multi-State Co-op. Societies Act, 2002. Area of operation extended to State of Karnataka. * Ghatkopar & Sewri branches have joined the elite club of branches with deposits exceeding Rs.100 crores. Other Branches are Vashi, Nehru Nagar, Abhyudaya Nagar, Bhandup & New Panvel * Opened NEFT Cell at Kurla * Bhandup Extension Counter converted into full fledged branch and named "Ganesh Nagar Branch * All branches are connected to

2007 (upto July 2007)

Central Data Centre * Foreign Exchange Department we inaugurated on 18th February 2008 Address as followsForeign Exchange Dept ; Gurukrupa CHS Ltd; Opp.Plaza Cinema; Dadar (W), Mumbai - 400 028 * Telephone : 2438 46 44, 2438 46 40 * Fax : : 2438 46 50

2008 Feb 18

Timings : Monday to Friday - 10.00 a.m. to 5.00 p.m. Saturday - 10.00 a.m. to 1.30 p.m. Merger of Shri Krishna Co Operative Bank, Vadodara

2008 June 19

2008 Aug 20

Merger of Janata Sahakari Bank, Udupi

2008 Oct 2

Ghansoli branch inaugurated at the hands of Shri. Ganesh R.Naik, Minister of State for excise ,Environment & Labour (M.S.)

2008 Oct 10

Merger of Manekchowk Co-op Bank Ltd,Ahmedabad withour bank And merger function was held on 10th December 2008 at the hands Of Shri.P.R.Sompura,Registrar of co-op.Societies, Gujarat State. Opened Nagpur branch at the hands of Shri. Satish Chaturvedi and Shri.Nitin Gadkari, Ministers Government of Maharashtra Opened Kamothe branch at the hands of Shri.Sunil Tatkare, Minister for food & Civil Supply

2008 Oct 20

2008 Nov 3

2008 Nov 8

Opened Aurangabad branch at the hands of Shri. Chandrakant Khaire, Members of Parliament

2009 Feb 9

Opened Bhayander branch at the hands of Shri. Rajeev R. Jadhav ( I.A.S.), Commissioner, } Meera - Bhayander Muncipal Corporation. Opened Dahisar branch at the hands of Shri. Vinod Ghosalkar , Well known Shivsena Leader.

2009 March 5

2009

Opened Panvel branch at the hands of Shri. Sunil Tatkare ,

July 27th

Minister of Energy, Government of Maharashtra.

2009 July 31st

Opened Kalyan branch at the hands of Shri. Sitaram C. Ghandat, Chairman , Abhyudaya Co-op Bank Ltd. Opened Dombivli branch at the hands of Shri. Sitaram C. Ghandat, Chairman , Abhyudaya Co-op Bank Ltd.

2009 Aug 21st

2009 Sept 21st

Opened Kandivli (W) branch at the hands of Shri. Raghuram V. Shetty , Founder Sr. Director , Abhyudaya Co-op. Bank Ltd. Opened Kankavli branch at the hands of Mrs. Megha Gangan, President , Nagar Parishad , Kankavli

2009 Nov 17th

2009 November 23rd

23rdOpened Nashik branch at the hands of Shri. Sitaram C. Ghandat, Chairman , Abhyudaya Co-op Bank Ltd.

2009 November 26th

Opened Mira Road branch at the hands of Shri. Sitaram C. Ghandat, Chairman , Abhyudaya Co-op Bank Ltd.

2009 November 30th

Opened Badlapur branch at the hands of Shri. Sitaram C. Ghandat, Chairman , Abhyudaya Co-op Bank Ltd.

2009 December 12th

Opened Seawood branch at the hands of Shri. Sitaram C. Ghandat, Chairman , Abhyudaya Co-op Bank Ltd

2009 December 19th

Opened Ghodbunder branch at the hands of Shri. Sitaram C. Ghandat, Chairman , Abhyudaya Co-op Bank Ltd.

2009

Opened Chembur branch at the hands of

December 24th

Shri. Sitaram C. Ghandat, Chairman , Abhyudaya Co-op Bank Ltd.

2009 December 28th

Opened Virar branch at the hands of Shri. Sitaram C. Ghandat, Chairman , Abhyudaya Co-op Bank Ltd.

2010 March 25th

Opened Chakan branch at the hands of Shri. Sitaram C. Ghandat, Chairman , Abhyudaya Co-op Bank Ltd.

2010 July 29th

Opened Nallasopara branch at the hands of Shri. Sitaram C. Ghandat, Chairman , Abhyudaya Co-op Bank Ltd.

2010 July 30th

Opened Antop Hill branch at the hands of Shri. Sitaram C. Ghandat, Chairman , Abhyudaya Co-op Bank Ltd.

2010 October 21St

Opened Kalwa branch at the hands of Shri. Sitaram C. Ghandat, Chairman , Abhyudaya Co-op Bank Ltd.

2010 November 18th

Opened Ambad,Nashik branch at the hands of Shri. Sitaram C. Ghandat, Chairman , Abhyudaya Co-op Bank Ltd.

2010 November 18th

Opened Nashik Road branch at the hands of Shri. Sitaram C. Ghandat, Chairman , Abhyudaya Co-op Bank Ltd.

2010 November 28th

Opened Garkheda,Aurangabad branch at the hands of Shri. Sitaram C. Ghandat, Chairman , Abhyudaya Co-op Bank Ltd.

ABHYUDAYA'S RESOURCES & DEPLOYMENTS