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Ahmedabad Peoples Urban Co-operative Bank in Liquidation

Professor Vidya Rajaram Iyer (Thiagarajar School of Management, Madurai)
Professor Jivraj Patki (Institute of Cooperative Management, Pune in partial fulfilment of the requirements of the research grant by Indian Institute of Management, Ahmedabad for 35th Faculty Development Programme participants, June-September 2013)

Indian Institute of Management Ahmedabad

ISSN: 2633-3260

Publication date: 12 July 2017

Abstract

The case deals with an Urban Cooperative Bank situated in Ahmedabad, known as Ahmedabad Peoples Urban Cooperative Bank (APUCB). The bank had come under the scanner of Reserve Bank of India (RBI) during 2009 because of mismanagement. It had failed to resolve its liquidity crisis even after the Reserve Bank of India imposed restrictions. The Government then appointed an external administrator, Hemant J. Rindani, to resolve APUCB's liquidity crisis. The bank had started paying claims but had lost people's trust. The last option for Rindani was to liquidate the bank. Rindani was however contemplating on various other options to come out with amicable solutions like, merge with other branches or pump in fresh capital and restart the business.

Keywords

Citation

Iyer, V.R. and Patki, J. (2017), "Ahmedabad Peoples Urban Co-operative Bank in Liquidation", Indian Institute of Management Ahmedabad. https://doi.org/10.1108/CASE.IIMA.2020.000017

Publisher

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Indian Institute of Management Ahmedabad

Copyright © 2017 by the Indian Institute of Management, Ahmedabad