MAHESH BANK

REGISTRATION AND COMMENCEMENT OF OPERATIONS:

The 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.

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 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 33 branches - 25 in the twin cities of Hyderabad and Secunderabad and one each at Khammam, Vijayawada, Guntur, Rajahmundry, Visakhapatnam, Warangal in Andhra Pradesh., Jaipur in Rajasthan and Mumbai in Maharashtra.

AUTOMATION:

Mahesh Bank is the first Co-operative Urban Bank in the State of Andhra Pradesh to introduce computerization at all its branches. Core Banking Solution (Anywhere Banking) for all Branches is completed.

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 Catageory-II.

CAPITAL ADEQUACY NORMS:

The Capital to Risk Weighted Assets Ratio (CRAR) of the bank stood at 30.48% as on
31-3-2009 as against a minimun 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 provide excellence and personalized services and to contribute to Co-operative movement by making credit available to the customers and more particularly to Individuals and SMEs, thereby contributing to their growth, by striving to keep Net NPAs at 0% level”.

MISSION

By the year 2020, Mahesh Bank aims to achieve Business 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 Zero and 100 Branch + ATM network.

AWARDS

Excellence Award Sri Ramesh Kumar Bung, Chairman receiving the Award from Tourism Minister Smt. J. Geeta Reddy.

ISO 9001 : 2008 certification Sri Ramesh Kumar Bung, chairman receiving ISO 9001:2008 Certificate.

Best e-Security Award 2007-8 Sri Umesh Asawa, receiving the Award from Banking Frontiers, Mumbai.