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 BUNGCHAIRMAN |
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PURSHOTAMDAS MANDHANASR.VICE-CHAIRMAN |
LAXMINARAYAN RATHI(LACHU BHAI)VICE-CHAIRMAN |
BHAGWATI DEVI BALDWABOARD OF DIRECTOR |
MURALI MANOHAR PALODBOARD OF DIRECTOR |
KAILASH NARAYAN BBOARD OF DIRECTOR |
GOVIND NARAYAN RATHIBOARD OF DIRECTOR |
ANITA SONIBOARD OF DIRECTOR |
RAM PRAKASH BHANDARIBOARD OF DIRECTOR |
BRIJGOPAL ASAWABOARD OF DIRECTOR |
BHAGWAN PANSARIBOARD OF DIRECTOR |
PUSHPA BOOBBOARD OF DIRECTOR |
ARUNKUMAR BHANGADIABOARD OF DIRECTOR |
BADRI VISHAL MUNDADABOARD OF DIRECTOR |
PREM KUMAR BAJAJBOARD OF DIRECTOR |
Sri Umesh Chand AsawaManaging Director & CEO |
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
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.
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.
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.
Sri Purshotamdas Mandhana, Chairman, A.P.Mahesh Co-op.Urban Bank Ltd. Hyderabad 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.
Mahesh Bank is the first Co-operative Urban Bank in the States of Telangana and Andhra Pradesh:
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.
The Capital to Risk Weighted Assets Ratio (CRAR) of the bank stood at 18.14% as on 31-3-2020 as against a minimum stipulation of 9% prescribed by RBI.
“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.
For the year ending with 31-3-2021, the Bank aims to achieve Rs. 4350 crore business and net NPAs continues to be maintained at "0" level.
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:
Financial Progress
PERFORMANCE |
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2019 |
2020 |
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(Rs. in Crores) |
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Business |
3829.13 | 4140.06 | |||||||||
Deposits |
2431.28 | 2597.15 | |||||||||
Advances |
1397.85 | 1542.91 | |||||||||
Profit Before Tax |
54.43 | 58.70 | |||||||||
Net Profit |
42.52 | 41.18 | |||||||||
Working Funds |
2870.06 | 3059.28 | |||||||||
Members Funds |
303.57 | 336.88 | |||||||||
Per Employee Business |
5.95 | 6.54 | |||||||||
Interest Earned |
254.10 | 267.79 | |||||||||
Interest Expended |
151.06 | 161.83 | |||||||||
Total Income |
266.02 | 284.54 | |||||||||
GROWTH |
(In Percentages) |
||||||||||
Business |
7.52 | 8.12 | |||||||||
Deposits |
5.41 | 6.82 | |||||||||
Advances |
11.39 | 10.38 | |||||||||
PBT |
27.11 | 7.84 | |||||||||
Net Profit |
44.18 | -3.15 | |||||||||
Working Funds |
6.75 | 6.59 | |||||||||
Members Funds |
13.57 | 10.97 | |||||||||
Per Employee Business |
8.78 | 9.92 | |||||||||
Interest Earned |
2.09 | 5.39 | |||||||||
Total Income |
2.75 | 6.96 | |||||||||
VITAL RATIOS |
(In Percentages) |
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CRAR |
17.66 | 18.09 | |||||||||
CD Ratio |
57.49 | 59.41 | |||||||||
Gross NPA |
3.54 | 3.38 | |||||||||
Net NPA |
0 | 0 | |||||||||
Low Cost Deposits |
25.13 | 23.15 | |||||||||
Int. expenses to Int. Income |
59.45 | 60.43 | |||||||||
Operating exp to Total Income |
19.58 | 21.58 | |||||||||
Return on Assets |
1.47 | 1.34 |
Balance Sheet as at 31st March, 2020
Particulars |
31.03.2020 Rs. |
31.03.2019 Rs. |
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CAPITAL AND LIABILITIES : |
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Capital |
35,43,83,140 | 34,23,99,260 | ||||||
Reserves and Surplus |
301,43,66,164 | 269,32,52,933 | ||||||
Deposits |
2597,15,23,910 | 2431,27,84,533 | ||||||
Borrowings |
NILL | NILL | ||||||
Other Liabilites |
148,21,70,442 | 150,62,30,965 | ||||||
TOTAL |
3082,24,43,656 | 2885,46,67,691 | ||||||
ASSETS : |
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Cash and Balance with RBI |
163,42,51,595 | 139,68,21,803 | ||||||
Balance with Banks and |
180,85,89,179 | 205,32,25,168 | ||||||
Investments |
1066,24,89,842 | 1015,41,72,373 | ||||||
Advances |
1542,91,09,198 | 1397,85,15,895 | ||||||
Fixed Assets |
59,04,58,797 | 62,06,70,239 | ||||||
Other Assets |
69,75,45,045 | 65,12,62,213 | ||||||
TOTAL |
3082,24,43,656 | 2885,46,67,691 | ||||||
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Contingent Liabilities |
39,17,58,930 | 28,43,31,713 | ||||||
Bills sent for collection |
12,19,180 | 59,18,490 |
Profit and Loss Account
Particulars |
For the Year 19-20 Rs. |
For the Year 18-19 Rs. |
||||||
INCOME |
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Interest Earned |
267,79,46,242 |
254,10,41,499 |
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Other Income |
16,75,02,099 | 11,91,24,132 | ||||||
TOTAL |
284,54,48,341 | 266,01,65,631/td> | ||||||
EXPENDITURE |
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Interest Expended |
161,83,29,515 | 151,06,16,124 | ||||||
Operating Expenses |
61,39,74,899 | 52,07,38,940 | ||||||
Provision & Contingencies |
2,61,03,903 | 8,45,00,000 | ||||||
TOTAL |
225,84,08,317 | 211,58,55,064 | ||||||
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PROFIT |
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Profit Before Tax |
58,70,40,024 | 54,43,10,567 | ||||||
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Tax expenses : |
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Current Tax |
17,84,00,000 | 17,46,00,000 | ||||||
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Deferred Tax (Liability / Asset) |
32,20,000 | 5,77,60,000 | ||||||
Tax paid for earlier year |
NIL | 22,25,739 | ||||||
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NET PROFIT FOR THE YEAR |
41,18,60,024 | 42,52,44,828 |
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
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.