About Us
  • Management

    Board of Directors

    Elected 15 Directors assumed Office on 29.04.2015 and co-opted 2 Professional Directors on the Board.The Directors of the Board are successful businessmen & Industrialists Chartered Accountant & Company Secretary. The Directors render their services honorary since inception of the bank.

    Sri Purshotamdas Mandhana

    SRI PURSHOTAMDAS MANDHANA

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    Chairman

    Sri Ramesh Kumar bung

    SRI RAMESH KUMAR BUNG

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    Sr. Vice Chairman

    Sri rampal attal

    SRI RAMPAL ATTAL

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    Vice Chairman

    Sri Brijgopal Asawa

    SRI BRIJGOPAL ASAWA

    Director

    Sri laxminarayan rathi

    SRI LAXMINARAYAN RATHI

    Director

    Kamal narayan Rathi

    SRI KAMAL NARAYAN RATHI

    Director

    Sri PUSHPA BOOB

    SMT. PUSHPA BOOB

    Director

    Sri CHAINSUKH KABRA

    SRI CHAINSUKH KABRA

    Director

    Sri RAMPRAKASH BHANDARI

    SRI RAMPRAKASH BHANDARI

    Director

    Sri KRISHNA CHANDRA BUNG

    SRI KRISHNA CHANDRA BUNG

    Director

    Sri NANDKISHORE HEDA

    SRI NANDKISHORE HEDA

    Director

    Sri SRIGOPAL BUNG

    SRI SRIGOPAL BUNG

    Director

    Sri OMPRAKASH JAKHOTIA

    SRI OMPRAKASH JAKHOTIA

    Director

    Smt SRINIVAS ASAWA

    SRI SRINIVAS ASAWA

    Director

    Sri SRIKANTH INANI

    SRI SRIKANTH INANI

    Director

    Smt SRINIVAS ASAWA

    CS SUMAN HEDA

    Professional Director

    Sri SRIKANTH INANI

    CA KISHAN GOPAL MANIYAR

    Professional Director

    Sri Umesh Chand Asawa

    Sri Umesh Chand Asawa

    Managing Director & CEO

    Sri Umesh Chand Asawa

    Managing Director & CEO

    He is associated with the Bank for more than 3 decades with rich experience in Banking in various capacities in the bank.

    • Recipient of Frontiers in Co-operative Banking-“Best CEO award” in the category of Large Co-operative Urban Banks of the country.
    • Actively associated with the IBA Committee on “Banking Industry-Vision 2010”
    • Attended several training programmes on different subjects in institutions like NIBM, CAB-RBI,Pune and Oracle Corporation etc.
  • History of the Bank

    GENESIS

    A.P. Mahesh Co-operative Urban Bank Limited is India's premier Urban Co-operative Banking Institution. The Bank has attained this premier position without compromising the spirit of co-operative principles, while at the same time striving to assimilate and implement newer methods of work organisation and management, with a firm commitment to its objectives.

    REGISTRATION AND COMMENCEMENT OF OPERATIONS

    A P Mahesh Co-operative Urban Bank Ltd. (popularly known as Mahesh Bank) was registered as a Primary Co-operative Society on 30th June, 1977. The Bank has commenced its operations on 9th August, 1978.

    Dr. C.Ranga Rajan, the then Governor, Reserve Bank of India inaugurating the function.

    The Bank was accorded SCHEDULED STATUS by Reserve Bank of India from 26th October, 1996 - the first Co-operative Bank to be accorded this status in the entire South India. Dr C. Rangarajan, the then Governor, Reserve Bank of India graced the occasion. The Bank has been registered as a Multi-State Co-operative Bank under the Multi-State Co-operative Societies Act, 1984 with effect from 30.05.2001 - again the first Co-operative Bank to achieve this coveted position in South India.

    BRANCH EXPANSION

    Mahesh Bank presently has 43 branches - 34 in the twin cities of Hyderabad and Secunderabad and one each at Khammam, Warangal in Telangana State, Vijayawada, Guntur, Rajahmundry, Visakhapatnam, in Andhra Pradesh State, Jaipur & Bhilwara in Rajasthan and Mumbai in Maharashtra States.

    Reserve Bank of India acceded to the request of the Bank to open 2 more branches in the State of Telangana.

    AWARDS

    A.P.Mahesh Co-op.Urban Bank Ltd. Hyderabad has been bagged Award for “BEST YOUTH CUSTOMER ENGAGEMENT” by the Banking Frontiers, (India’s first publication of its kind on Banking Technology and Business issues) at a function held at Pride Plaza Hotel, New Delhi on Sunday the 18th September, 2016 titled Frontiers in Cooperative Banking Awards (FCBA).

    AUTOMATION:

    Mahesh Bank is the first Co-operative Urban Bank in the States of Telangana and Andhra Pradesh to introduce Core Banking Solution (Anywhere Banking) at all its branches.

    FOREIGN EXCHANGE TRANSACTIONS:

    The Bank has been granted license to undertake money transfer business and specified non trade current account transactions by the RBI as Authorised Dealer Category-II.

    CAPITAL ADEQUACY NORMS:

    The Capital to Risk Weighted Assets Ratio (CRAR) of the bank stood at 21% as on 31-3-2016 as against a minimum stipulation of 9% prescribed by RBI.

    VISION

    “To make brand “MAHESH BANK” synonymous to trust and reliability, to be a leader amongst the Multi State Scheduled Co-operative Banks in the whole of South India, to render excellence and personalized services and to contribute to Co-operative movement, making credit available to the customers, more particularly to Individuals, SMEs, thereby contributing to their growth and striving to maintain Net NPAs at 0% level” throughout.

    MISSION

    By the year 2020, Mahesh Bank aims to achieve ambitious Business target of Rs. 10,000 crores, Profit of Rs. 100 crores, Low cost deposit ratio of 30%, CD ratio of 70%, Gross NPAs to be maintained below 3%, Net NPAs at '0%' and 100 Branch and ATM network.

    TARGET FOR THE YEAR ENDING 31.03.2017

    Mahesh Bank is set to scale new heights. By the financial year end 31.3.2017, the Bank’s ambition is to achieve Rs.3,500 crore business, net NPAs continued to be maintained at 0% level.

    FUTURE PLAN

    Every effort is being made to achieve the mission – 2020, introducing IMPS through Bank Branches & Unified Payments Interface(UPI) system.

  • Our Objectives

    The principal object of the Bank will be to promote the interests of all its members to attain their social and economic betterment through self-help and mutual aid in accordance with the Co-operative Principles.
    The objects of the Bank shall be to engage in any one or more of the forms of business enumerate in Section 6 as amended by Section 56 of the Banking Regulation Act, 1949 and in particular to carry out the following forms of business:

    • To do banking business on Co-operative Principles by accepting for the purpose of lending or investment of deposits of money from members as well as the public, repayable on demand or otherwise and withdrawable by cheque, draft, pay order or otherwise.
    • To raise funds by issue of shares and/or any other securities as permitted by the Regulatory Authority.
    • To encourage thrift, self-help and co-operation among members.
    • To prevent members from falling into permanent indebtedness and to assist them financially in times of difficulty and to help them to get out of debt.
    • To engage in any one or more of the following forms of business namely:
      (i) The borrowing, raising or taking up of money;
      (ii) The lending or advancing of money to members either upon or without security;
      (iii)The drawing, making, accepting, discounting, buying, selling, collecting and dealing in bills of exchange, hundies, promissory notes, coupons, drafts, bills of lading, railway receipts, warrants, certificates, scrips and other instruments and other securities whether transferable or negotiable or not;
      (iv)The granting and issuing of letters of credit, travellers` cheques and circular notes and to do all forms of foreign exchange business;
      (v) The buying, selling and dealing in bullion and species on behalf of member customers;
      (vi)The acquiring, holding, issuing on commission, underwriting and dealing in stock, funds, shares, debentures, debenture stock, bonds, obligations, securities and investments of all kinds;
      (vii)The purchasing and selling of bonds, scrips of other forms of securities on behalf of constituents or others, the negotiating of loans and advances.
      (viii)The receiving of all kinds of bonds, scrips and valuables on deposit or for safe custody or otherwise;
      (ix)The providing of safe deposit vaults;
      (x) The collecting and transmitting of money and securities;
      (xi) Acquiring and holding and generally dealing with any property or any right, title or interest in any such property which may form the security or part of the security for any loans and advances or which may be connected with any such security;
      (xii) Carrying on and transacting guarantee and indemnity business, on behalf of the constituents in the ordinary course of banking business and to provide necessary cash margin to facilitate such business;
      (xiii) Opening Branches, Extension Counters and Sub-Officers or any Office and ATM centers or to have arrangement of ATMs of other Banks etc. as per the norms of the Reserve Bank of India.
      (xiv) Subject to the previous approval of the Central Registrar establishing and supporting or aiding in the establishment and support of associations, institutions, funds, trusts and conveniences calculated to benefit members, employees, ex-employees of the bank or the dependents or connections of such persons granting pensions and allowances and making payments towards insurance, subscribing to or guaranteeing monies for charitable benevolent object or for any exhibition or for any public, general or useful object;
      (xv)Undertaking and executing trusts, undertaking the administration of estates as an executor, trustee or otherwise, with the previous permission of the Central Registrar;
      (xvi)The acquisition of land/buildings, construction, maintenance and alteration of any land/building or works necessary or convenient for the purposes of the Bank;
      (xvii) To act as Insurance Agent as per norms of RBI and IRDA;
      (xviii)To promote one or more subsidiary institutions which may be registered under any law for the time being in force for the furtherance of its stated objects;
      (xix) Any other form of business which the Central or the State Governments may specify as a form of business in which it is lawful for a banking institution to engage;
      (xx) Doing all such other things as are incidental and conducive to the promotion or advancement of the business of the Bank;
    • To amalgamate with another Bank with same or similar objects;
    • To engage in Credit/Debit cards;
    • To do merchant banking business;
    • To takeover another society with similar object;
    • To develop market information system, logo brand promotion, quality control and technology up gradation;
    • To enter into participation, consortium arrangement with bank/s or financial institutions with objects of making loans and advances;
    • To act as agents for collection of moneys of various government quasi government and statutory bodies.

     

    • Financial Progress

      PERFORMANCE

      2008

      2010

      2012

      2014

      2015

      2016

       

      (Rs. in Crores)

      Business

      842.18 1243.10

      1907.18

      2198.61

      2415.33

      2847.37

      Deposits

      515.81

      785.85

      1160.43

      1445.92

      1571.45

      1862.29

      Advances

      326.37

      457.25

      746.75

      752.69

      843.88

      985.08

      Profit Before Tax

      14.57

      19.33

      24.03

      24.02

      26.49

      29.82

      Net Profit

      9.93

      13.94

      17.54

      17.22

      19.37

      22.18

      Working Funds

      643.70

      938.66

      1357.37

      1707.31

      1856.82

      2172.87

      Members Funds

      106.17

      126.13

      166.37

      200.35

      213.81

      229.49

      Per Employee Business

      1.88

      2.72

      3.65

      3.84

      4.09

      5.01

      Interest Earned

      63.89

      95.32

      134.23

      171.06

      185.11

      206.73

      Interest Expended

      31.13

      55.91

      78.42

      110.40

      119.53

      130.58

      Total Income

      66.82

      97.65

      137.87

      176.24

      192.21

      214.60

      GROWTH

      (In Percentages)

      Business

      22.06

      22.02

      26.04

      15.28

      9.86

      17.89

      Deposits

      19.14

      22.80

      27.86

      24.60

      8.68

      18.51

      Advances

      26.97

      20.70

      23.31

      0.80

      12.12

      16.73

      PBT

      123.81

      18.66

      11.35

      (-)0.04

      10.28

      12.57

      Net Profit

      92.82

      19.46

      16.78

      (-)1.82

      12.49

      14.51

      Working Funds

      13.06

      20.50

      26.19

      25.78

      8.76

      17.02

      Members Funds

      6.80

      9.67

      15.52

      20.42

      6.72

      7.33

      Per Employee Business

      17.50

      18.26

      13.35

      5.02

      6.51

      22.49

      Interest Earned

      26.67

      22.05

      27.71

      27.44

      8.21

      11.68

      Total Income

      27.35

      21.38

      27.95

      27.83

      9.06

      11.76

      VITAL RATIOS

      (In Percentages)

      CRAR

      36.78

      28.35

      22.00

      22.57

      21.66

      20.55

      CD Ratio

      63.27

      58.19

      64.35

      52.06

      53.70

      52.90

      Gross NPA

      3.77

      2.56

      2.58

      3.68

      3.90

      4.17

      Net NPA

      0

      0

      0

      0

      0

      0

      Low Cost Deposits

      22.75

      21.23

      19.93

      19.89

      20.90

      20.72

      Int. expenses to Int. Income

                48.87

      58.66

      58.42

      64.54

      64.57

      63.16

      Operating exp to Total Income

      28.27

      22.38

      20.09

      21.71

      19.92

      18.21

      Return on Assets

      1.53

      1.48

      1.29

      1.01

      1.04

      1.02
  •  Balance Sheet as at 31st March, 2016


    Particulars
    As at 31.03.2016   Rs. As at 31.03.2015   Rs.

    As at
    31.03.2014
    Rs.

    As at
    31.03.2012
    Rs.

     

    As at
    31.03.2010
    Rs.

     

    As at
    31.03.2008
    Rs.

     

    CAPITAL AND LIABILITIES :

    Capital

    32,76,84,000 32,38,24,300

    31,39,69,700

    22,73,34,040

     

    15,56,23,580

     

    13,12,54,298

    Reserves and Surplus

    1,96,72,49,195 1,81,43,37,260

    1,68,95,10,014

    143,64,47,347

     

    110,57,27,552

     

    93,04,05,140

    Deposits

    18,62,28,74,041 15,71,45,17,337

    14,45,91,76,083

    1160,43,13,737

     

    785,85,07,597

     

    515,81,02,092

    Borrowings

    NIL NIL

    NIL

    NIL

     

    NIL

     

    NIL

    Other Liabilites
    and Provisions

    89,07,57,209 83,20,33,790

    70,20,71,687

    36,25,88,378

     

    31,80,41,471

     

    26,87,91,391

    TOTAL

    21,80,85,64,445 18,68,47,12,687

    17,16,47,27,484

    1363,06,83,502

     

    943,79,00,200

     

    648,85,52,921

     

    ASSETS :

    Cash and Balance with RBI

    86,67,37,410 92,66,47,609

    79,92,94,301

    52,40,04,378

     

    55,29,57,873

     

    42,84,56,734

    Balance with Banks and
    Money at Call
    and Short Notice

    2,52,91,32,151 2,28,67,39,859

    2,57,62,98,323

    173,57,62,702

     

    79,71,39,010

     

    52,55,02,709

    Investments

    7,82,50,32,085 6,36,36,36,692

    5,65,54,11,335

    338,89,51,735

     

    328,47,40,128

     

    206,71,37,814

    Advances

    9,85,07,91,635 8,43,87,92,035

    7,52,68,67,200

    746,74,90,530

     

    457,25,11,766

     

    326,36,82,537

    Fixed Assets

    36,24,29,802 28,44,01,888

    27,39,33,812

    29,74,54,213

     

    2,31,68,588

     

    3,32,59,811

    Other Assets

    37,44,41,362 38,44,94,604

    33,29,22,513

    21,70,19,944

     

    20,73,82,835

     

    17,05,13,316

    TOTAL

    21,80,85,64,445 18,68,47,12,687

    17,16,47,27,484

    1363,06,83,502

     

    943,79,00,200

     

    648,85,52,921

     

     

     

     

     

     

     

     

     

    Contingent Liabilities

    15,96,93,632 18,10,11,435

    17,88,41,521

    8,77,66,686

     

    2,59,96,781

     

    4,25,66,758

    Bills sent for collection

    6,37,965 23,81,264

    1,58,81,105

    1,32,54,230

     

    38,64,134

     

    1,31,25,756

  • Profit and Loss Account

    for the year ended 31st March, 2016


    Particulars
    For the year  15-16          Rs

    For the year  14-15              Rs.

    For the year 13-14
    Rs.

    For the year 11-12
    Rs.

    For the year 09-10
    Rs.

    For the year 07-08
    Rs.

    For the year 05-06
        Rs.

    INCOME

    Interest Earned

    2,06,73,09,393 1,85,10,50,502

    1,71,05,78,862

    134,23,02,847

    95,32,24,774

    63,88,55,411

    45,85,75,025

    Other Income

    7,87,08,075 7,10,78,881

    5,18,02,724

    3,64,39,678

    2,32,63,891

    2,93,93,418

    2,08,52,075

    TOTAL

    2,14,60,17,468 1,92,21,29,383

    1,76,23,81,586

    137,87,42,525

    97,64,88,665

    66,82,48,829

    47,94,27,100

    EXPENDITURE

    Interest Expended

    1,30,58,37,128 1,19,53,38,024

    1,10,40,10,719

    78,41,87,009

    55,91,36,636

    31,12,92,746

    23,88,68,471

    Operating Expenses

    39,07,99,200 38,28,72,998

    38,27,62,979

    27,70,49,437

    21,85,17,030

    17,88,68,505

    13,52,51,613

    Loss on Sale/Redemption of Investment

    -

    17,37,000

    -

    -

    9,45,000

    2,73,32,468

    Provisions and Contingencies

    15,11,49,814 7,72,54,372

    3,53,72,538

    7,72,21,000

    55,25,000

    1,92,07,000

    2,92,71,000

    TOTAL

    1,84,77,86,142 1,65,72,02,394

    1,52,21,46,236

    113,84,57,446

    78,31,78,666

    51,03,13,251

    43,07,23,552

    PROFIT

    Operating Profit

    29,82,31,326 26,49,26,989

    24,02,35,350

    24,02,85,079

    19,33,09,999

    15,79,35,578

    4,87,03,548

    Prior Period Expenditure

    NIL NIL

    NIL

    NIL

    NIL

    1,22,17,919

    NIL

    Profit Before Tax

    29,82,31,326 26,49,26,989

    24,02,35,350

    24,02,85,079

    19,33,09,999

    14,57,17,659

    4,87,03,548

     

     

     

     

     

     

     

    Provisions for Income Tax

    7,64,22,365 7,11,77,000

    6,80,62,645

    6,48,44,370

    5,39,17,630

    4,58,00,000

     

    Provision for Fringe Benefit Tax

    NIL

    NIL

    NIL

    -

    6,00,000

    6,23,000

    NET PROFIT FOR THE YEAR

    22,18,08,961 19,37,49,989

    17,21,72,705

    17,54,40,709

    13,93,92,369

    9,93,17,659

    4,80,80,548

     

Basic Savings

Features

No Minimum Balance, No initial deposit to open the account.

No restrictions like Age, Income Criteria for opening BSBD Account.

All provisions of KYC, AML, PML are applicable.

Passbooks are given free.

Maximum of Four withdrawals in a month including ATM withdrawals;

RuPay ATM Cum Debit Card with Accidental Insurance of Rs. 1.00 Lac free

No charges for all the above facilities

PMJDY

PMJDY

The Hon’ble Prime Minister in his Independence Day Speech on 15th August, 2014 announced a comprehensive program of Financial Inclusion targeting the large number of people who are currently deprived of even rudimentary financial services. The PradhanMantri Jan DhanYojana (PMJDY) sets out to provide a basic Bank account to every family who till now had no account.