Bhagyodaya Co-Operative Bank Ltd

WELCOME TO THE BHAGYODAYA CO - OPERATIVE BANK LTD.

The Bhagyodaya Co-op. Bank Ltd. was established in 1972 in a small rented place near Kamnath Mahadev, Raipur, Ahmedabad. The bank was registered on 29-5-1972 having Reg. No. S-11789. The bank was shifted at H. K. House, Ashram Road in a spacious building in 1975. The bank had granted loans to various parties and traders. But, recovery of the loan was very poor. Moreover, the bank was not successful in mobilising the deposits also. During this period total overdue of the bank was 99% and Reserve Bank of India issued a notice to the bank for closure of bank due to its heavy overdue. The bank was placed under the category of weak bank. The management was not in a position to improve the functioning of the bank and also to recover the overdue advances.