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THE AHMEDABAD DISTRICT CO-OPERATIVE BANK LTD.
NEAR GANDHI BRIDGE, OPP.INCOME TAX OFFICE, ASHRAM ROAD,AHMEDABAD – 380009.
TEL NO.27542608-09-10-11, FAX NO.(079) 27541651
(REG NO. 3896-7 DATED 09-03-1925)
BRIEF HISTORY OF THE BANK
This bank was originally registered as the Dascroi Taluka Co-opearative Federation in 1922.The above federation was financed by the Apex Bank for on-lending to the affiliated societies. In year 1925,the federation was given name of Dascroi Co-operative Union and objects of this union were identical to that of the District central Co-opearative Bank, and subsequently in 1937 amendments were made in the bye-laws of the union and the bank started working as Ahmedabad Central Co-operative Bank Ltd. This bank become full fledged central financing agency for Ahmedabad District in 1954 and since 1964 it is known as AHMEDABAD DISTRICT CO-OPERATIVE BANK LTD. The Gandhinagar District was included in its area of operation in March,1966. The bank is purely a federal body in its structure as only co-operative societies can be members and individuals are enrolled as nominal members only.
The bank is managed by the elected board of directors, which consist of 22 members representing different types of societies affiliated with the bank. The board has various sub-committees for transacting different types of business. The bank’s Chairman and Vise-Chairman are elected by the Board. The General Manager of the bank is the Chief Executive Officer of the bank.
Most of the directors are elected unopposed. The present Chairman Shri Ajaybhai Patel is being unanimously elected unopposed for the third time in succession since 2003. Under his dynamic leadership the management of the bank has been more transparent. In economic liberalization, the banking scenario has changed a lot and competitors has become more severe, in addition the co-operative banks have been included in Income Tax net along with the other more professionally managed banks. All these
NEAR GANDHI BRIDGE, OPP.INCOME TAX OFFICE, ASHRAM ROAD,AHMEDABAD – 380009.
TEL NO.27542608-09-10-11, FAX NO.(079) 27541651
(REG NO. 3896-7 DATED 09-03-1925)
BRIEF HISTORY OF THE BANK
This bank was originally registered as the Dascroi Taluka Co-opearative Federation in 1922.The above federation was financed by the Apex Bank for on-lending to the affiliated societies. In year 1925,the federation was given name of Dascroi Co-operative Union and objects of this union were identical to that of the District central Co-opearative Bank, and subsequently in 1937 amendments were made in the bye-laws of the union and the bank started working as Ahmedabad Central Co-operative Bank Ltd. This bank become full fledged central financing agency for Ahmedabad District in 1954 and since 1964 it is known as AHMEDABAD DISTRICT CO-OPERATIVE BANK LTD. The Gandhinagar District was included in its area of operation in March,1966. The bank is purely a federal body in its structure as only co-operative societies can be members and individuals are enrolled as nominal members only.
The bank is managed by the elected board of directors, which consist of 22 members representing different types of societies affiliated with the bank. The board has various sub-committees for transacting different types of business. The bank’s Chairman and Vise-Chairman are elected by the Board. The General Manager of the bank is the Chief Executive Officer of the bank.
Most of the directors are elected unopposed. The present Chairman Shri Ajaybhai Patel is being unanimously elected unopposed for the third time in succession since 2003. Under his dynamic leadership the management of the bank has been more transparent. In economic liberalization, the banking scenario has changed a lot and competitors has become more severe, in addition the co-operative banks have been included in Income Tax net along with the other more professionally managed banks. All these