History

The Aryapuram Cooperative Urban Bank Limited, Head Office, Rajamahendravaram. Established in 1919, January 13th by founder Shri. SarepalliVisweswara Prasad Rao. At Present it has completed 100 Years of dedicated Service to the Members and Public as whole with 16 Branches presence in the Districts of East Godavari, West Godavari, Guntur and Visakhapatnam Districts. It is one of the oldest cooperative banks in Rajahmundry. Cooperative Urban bank has crossed deposits Rs. 668crores, Loans Rs. 416 Crores.Bank has Core Banking System and Extending Anywhere Banking to its Customers. Services Included RTGS &NEFT, Aadhar Based Direct Benefit Transfer, Cheque Truncation System Etc. Bank's Exclusive RuPay Debit Card (ATM), SMS Alerts, Loan Overdue Alerts Etc. Bank is Having 6 ATM Machines to serve their Customers. Bank has Constructed New Head Office Building in Place of its old Premises near Gokavaram Bus Stand with all Infrastructure Facilities. The Present Board of Directors is facilitation all the services to its Members/ Public as a whole and increasing the Business of the Bank.

EVOLUTION OF THE ARYAPURAM COOPERATIVE URBAN BANK LTD.

DURING THE EMERGING COOEPRATIVE MOVEMENT IN INDIA AND BASED ON THE COOPERATIVE PRINCIPLES WITH A LONG SUSTAINABLE VISION SRI SARIPELLA VISWESWARA PRASAD RAO, A RESIDENT OF ARYAPURAM, RAJAHMUNDRY HAD FOUNDED AND INCORPORATED THE ARAYPURAM COOPERATIVE CREDIT SOCIETY ON 30-12-1918 AND STARTED BUSINESS OPEPRATIONS UNDER HIS CHAIRMANSHIP FROM 13-01-1919 WITH A SHARE CAPITAL AMOUNT OF Rs.325/- AND DEPOSIT AMOUNT of Rs.100/- . LATER IN THE YEAR 1986 THE RESERVE BANK OF INDIA HAS ISSUED BANKING LICENSE W.E.F. 24-07-1986. AS ON 31-03-1986, 2 BRANCHES ARE IN OPERATION WITH SHAREHOLDERS OF 39383, SHARE CAPITAL OF Rs.18 LAKHS, DEPOSITS OF Rs.6.07 Crores AND LOANS OF Rs.5.22 Crores.

GROWING WITH TIMES OUR BANK HAS BECOME ONE OF THE LARGEST COOPERATIVE BANK WITH SHAREHOLDERS OF MORE THAN 95000, CUSTOMER BASE OF MORE THAN 90000, DEPOSITS OF Rs.702.97 Crores AND LOANS OF Rs.391.58 Crores SURPASSING THE BUSINESS TURNOVER OF Rs.1050 Crores AND HAVING AREA OF OPERATIONS IN ENTIRE STATE OF ANDHRA PRADESH WITH REGISTERED HEAD OFFICE AT RAJAHMUNDRY AND 16 BRANCHES IN EAST GODAVARI, WEST GODAVARI, VISAHKPATNAM, AND GUNTUR DISTRICTS. AT PRESENT BANK HAS 3 OWN BUILDINGS AT HEAD OFFICE & MAIN BRANCH, KATHERU BRANCH AND J.N.ROAD BRANCH.

Photo Of Bank In 1918

Photo Of Bank Old Premisis

Chairperson

Committee Member

OUR BANK PRIMARY MOTTO IS TO CATER THE FINANCIAL NEEDS OF LOWER AND MIDDLE CLASS PEOPLE IN ACHIEVIING THEIR DREAMS AND TO PROVIDE UTMOST FINANCIAL SECURITY TO THE DEPOSITORS OF THE BANK.