About Us
  • Management

    Board of Directors

    Elected 15 Directors assumed Office on 10.01.2021. The Directors of the Board are successful businessmen & Industrialists Chartered Accountant. The Directors render their services honorary since inception of the bank.

    RAMESH KUMAR BUNG

    CHAIRMAN

    PURSHOTAMDAS MANDHANA

    SR.VICE-CHAIRMAN

    LAXMINARAYAN RATHI(LACHU BHAI)

    VICE-CHAIRMAN

    BHAGWATI DEVI BALDWA

    BOARD OF DIRECTOR

    MURALI MANOHAR PALOD

    BOARD OF DIRECTOR

    KAILASH NARAYAN B

    BOARD OF DIRECTOR

    GOVIND NARAYAN RATHI

    BOARD OF DIRECTOR

    ANITA SONI

    BOARD OF DIRECTOR

    RAM PRAKASH BHANDARI

    BOARD OF DIRECTOR

    BRIJGOPAL ASAWA

    BOARD OF DIRECTOR

    BHAGWAN PANSARI

    BOARD OF DIRECTOR

    PUSHPA BOOB

    BOARD OF DIRECTOR

    ARUNKUMAR BHANGADIA

    BOARD OF DIRECTOR

    BADRI VISHAL MUNDADA

    BOARD OF DIRECTOR

    PREM KUMAR BAJAJ

    BOARD OF DIRECTOR

    Sri Umesh Chand Asawa

    Managing Director & CEO

    Sri Umesh Chand Asawa

    Managing Director & CEO

    He is associated with the Bank for more than 4 decades with rich experience in Banking in various capacities in the bank.

    Presently, Member, IBA Managing Committee (Indian Bank’s Association – Premier Service Organization of the Banking Industry in India).

    Recipient of “Best CEO Award” from Frontiers in Co-operative Banking in the Large Co-operative Urban Banks category.

    Member, IBA Committee on Urban Co-operative Banks and also 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

    Andhra Pradesh 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

    Andhra Pradesh 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.

    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.


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

     

    BRANCH EXPANSION

    Mahesh Bank presently has 45 branches - 35 in the twin cities of Hyderabad and Secunderabad and one each at Khammam, Warangal, Karimnagar in Telangana State, Vijayawada, Guntur, Rajahmundry, Visakhapatnam, in Andhra Pradesh State, Jaipur & Bhilwara in Rajasthan and Mumbai in Maharashtra State.

    AWARDS

    The Bank has been conferred with “Best Cyber Security Education Campaign” award by Banking Frontiers, Mumbai during 2020.

    Sri Purshotamdas Mandhana, Former Chairman and present Sr.Vice-Chairman of the bank received “BEST CHAIRMAN” award under the category of Large Co-operative Banks of the Country by the Banking Frontiers, Indian’s first publication of its kind on Banking Technology and Business issues at a function held at Goa on 19th September, 2019 at a function – “Frontiers in Cooperative Banking Awards (FCBA)”. The award was given by Sri Govind Gowda, Hon’ble Minister for Co-operation, Goa, Sri V.S.Das, Former Executive Director, RBI, Sri Jyothindra Mehta, President, NAFCUB, New Delhi and other dignitaries.

    The Bank bagged the "SPECIAL AWARD" in 77th ALL INDIA INDUSTRIAL EXHIBITION held at Hyderabad during 1.1.2017 to 15.02.2017 for its exemplary participation and personalised services rendered to its customers.

    One more feather on the cap of the bank for having Award Award for "BEST MOBILE APP" and "BEST e-PAYMENTS AWARDS” by the Banking Frontiers, (India’s first publication of its kind on Banking Technology and Business issues) at a function held at Jaipur – Rajasthan on 9th September, 2017.

    AUTOMATION:

    Mahesh Bank is the first Co-operative Urban Bank in the States of Telangana and Andhra Pradesh:

    • to offer Core Banking Solutions(CBS), Bancassurance, Mutual Funds, Direct RTGS/NEFT, e-Seva, RuPay ATM-cum-Debit Card facilities.
    • to offer IMPS – Merchant Payment Service – for online payment of Electricity, Telephone Bills and booking flight, bus and hotel bookings.

     

    FOREIGN EXCHANGE TRANSACTIONS:

    The Bank has been granted licence – Authorised Dealer – Category – II by the RBI to undertake money transfer business and specified non-trade current account transactions. Mahesh Bank is the first Co-operative Urban Bank to get this licence in the States of Telangana and Andhra Pradesh.

    CAPITAL ADEQUACY NORMS:

    The Capital to Risk Weighted Assets Ratio (CRAR) of the bank stood at 18.09% as on 31-3-2021 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.

    TARGET FOR THE YEAR ENDING 31.03.2022

    For the year ending with 31-3-2022, the Bank aims to achieve Rs. 4800 crore business and net NPAs continues to be maintained at "0" level.

    FUTURE PLANS

    To expand branch network to 47 from the present 45 by expanding its wings to Maharashtra and Gujarat States.

  • 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

       

      2020

      2021

       

      (Rs. in Crores)

      Business

        4140.06 4449.76

      Deposits

        2597.15 2963.73

      Advances

        1542.91 1486.03

      Profit Before Tax

        58.70 44.20

      Profit After Tax

        41.18 34.19

      Working Capital

        3059.28 3464.24

      Owned Funds

        336.88 367.91

      Per Employee Business

        6.54 7.33

      Interest Earned

        267.79 285.66

      Interest Expended

        161.83 179.87

      Total Income

        284.54 298.85

      GROWTH

      (In Percentages)

      Business

        8.12 7.48

      Deposits

        6.82 14.11

      Advances

        10.38 -3.69

      Profit Before Tax

        7.84 -24.70

      Profit After Tax

        -3.15 -16.97

      Working Capital

        6.59 13.24

      Members Funds

        10.97 9.21

      Per Employee Business

        9.92 12.08

      Interest Earned

        5.39 6.67

      Total Income

        6.96 5.03

      VITAL RATIOS

      (In Percentages)

      CRAR

        18.09 20.07

      CD Ratio

        59.41 50.14

      Gross NPA

        3.38 5.04

      Net NPA

        0 0

      Low Cost Deposits

        23.15 23.45

      Int. expenses to Int. Income

        60.43 62.97

      Operating exp to Total Income

        21.58 20.58

      Return on Assets

        1.34 0.98
  •  Balance Sheet as at 31st March, 2021


    Particulars

    2019-20   Rs. 

    2020-21   Rs.

    CAPITAL AND LIABILITIES :

    Capital

                               35,43,83,140                             34,73,23,160

    Reserves and Surplus

    301,43,66,164 333,18,42,258

    Deposits

    2597,15,23,910 2963,72,83,494

    Borrowings

    NILL NILL

    Other Liabilites
    and Provisions

    148,21,70,442 165,18,88,290

    TOTAL

    3082,24,43,656 3496,83,37,202

    ASSETS :

    Cash and Balances with RBI

    163,42,51,595 187,71,47,828

    Balances with Banks and
    Money at Call
    and Short Notice

    180,85,89,179 357,12,90,957

    Investments

    1066,24,89,842 1318,13,40,607

    Advances

    1542,91,09,198 1486,02,99,950

    Fixed Assets

                                59,04,58,797                            53,38,99,310

    Other Assets

    69,75,45,045 94,43,58,550

    TOTAL

    3082,24,43,656 3496,83,37,202

     

       

    Contingent Liabilities

    3917,58,930 3843,23,805

    Bills  for collection

    12,19,180                                 NIL
    • Profit and Loss Account

      for the year ended 31st March, 2021


      Particulars

      For the Year 19-20

      Rs.

      For the Year 20-21

      Rs.

      INCOME

      Interest Earned

                                267,79,46,242

                                  285,65,60,589

      Other Income

      16,75,02,099 13,19,62,040

      TOTAL

      284,54,48,341 298,85,22,629

      EXPENDITURE

      Interest Expended

      161,83,29,515 179,87,03,216

      Operating Expenses

      61,39,74,899   61,49,56,651

      Provision & Contingencies

      2,61,03,903 13,28,18,524

      TOTAL

      225,84,08,317 254,64,78,391

       

         

      PROFIT

      Profit Before Tax

      58,70,40,024 44,20,44,238

       

         

      Tax expenses :

         

      Current Tax

      17,84,00,000 11,97,00,000

       

         

      Deferred Tax

      32,20,000 1,96,25,000

       

         

      NET PROFIT FOR THE YEAR

      41,18,60,024 34,19,69,238

       

         

      Profit brought forward from previous year

      13,12,445 6,98,12,856

       

         

      Surplus of Profit

      41,31,72,469 41,17,82,094

       

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.