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BACKGROUND |
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The phenomenal
growth of the urban co-operative banks in
Gujarat as well as in Maharashtra has been
witnessed particularly after the nationalization
of major commercial banks in the year 1969.
Immediately after nationalization, small
traders and small scale industrial units in
big cities and some urban places experienced
difficulties in obtaining timely and adequate
credit facilities. They felt the need of having
a bank which could cater to their needs.
With this objective in mind the Ahmedabad
Grain Merchants' Association promoted this
bank under the leadership of late Shri Baldevbhai
Dosabhai Patel.
The Kalupur Bank was registered on 9.10.1970
and started functioning from 5.12.1970 in
just 250 sq.ft. area in the premises belonging
to the association, under the able and dynamic
leadership of late Shri Baldevbhai Dosabhai
Patel along with his team of dedicated members
on the Board or Directors. Shri B.D.Patel
rendered the services as the Chairman continuously
and uninterruptedly till his heavenly abode
on 12.07.1997.
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AMALGAMATION OF VIKRAM
CO-OP. BANK LTD., STANDARD CO-OP BANK LTD.
AND ROYAL CO-OP BANK LTD. WITH KALUPUR BANK
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| Vikram cooperative
Bank Ltd., Ahmedabad went sick in 1982. Reserve
Bank of India and co-operative Department of
Gujarat State first handed over the administration
of this bank to Kalupur Bank and in 1991 the
bank was amalgamated with Kalupur Bank. The
objective behind this action was to set an example
in cooperative banking sector and to protect
the interest of its depositors/shareholders
by handing over its management or by amalgamation
with a sound and best managed bank and thus
instill confidence of the public in cooperative
banking sector.
Thereafter Bank has merged other two
small and weak urban co-op Banks, The
Standard co-op bank ltd and The Royal co-op
bank ltd. based at A'bad W.E.F. 04-10-2005 &
03-03-2006. respectively.
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RECOGNITION AS A
SCHEDULED BANK-a Unique Achievement
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| Reserve Bank of
India accorded the status of a "Scheduled
Bank" effective from 1st September 1988
which is an outstanding achievement. The bank
enjoys competitive advantage over its other
counterparts on account of this achievement.
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RECOGNITION Under
Multi-State Cooperative Societies Act.
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| The bank was registered
under Multi-State cooperative societies Act,
1984 with effect from 8th September 1995.
It opened new vistas to expand its business
in the Municipal limits of Greater Mumbai
of Maharashtra. At present bank's branch is
operating at Kalbadevi. |
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BRANCH EXPASION
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| The Bank has a network of 31
branches of which 3 are functioning in neighbouring
urban towns viz. Bavla, Bareja and Sanand
in Ahmedabad district. The Bank opened
branches in Anand, Vadodara and Khambhat. The Kalbadevi
- Mumbai branch is the first branch opened out
of the Gujarat state. |
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