MAHESH BANK | BANK OBJECTIVES | The A.P. Mahesh Co-op. Urban Bank Ltd., Hyderabad (India) Multi State Scheduled Bank

BANK OBJECTIVES

To encourage thrift, self-help and co-operation among members.
To accept deposits of money from the public, repayable on demand or otherwise and withdrawable by cheque, draft, order or otherwise, for the purpose of lending or investment.
To lend or to advance money either upon or without security to members and to others.
To draw, make, accept, discount, buy, sell, collect and deal in bills of exchange, hundies, promissory notes, coupons, drafts, bills of lading, railway receipts, warrants, certificates, scrips and other instruments and other securities whether transferabale or negotiable or not.
To receive all kinds of bonds, scrips, valuables on deposit or for safe custody or otherwise.
To provide safe deposit vaults.
To collect and transmit money and securities.
To negotiate loans and advances.
To carry on and to transact every kind of guarantee and indemnity business on behalf of constituents.
To manage, to sell and to realize any moveable or immoveable property which may come into the possession of the bank in satisfaction or part satisfaction of any of its claims.
To open branches and pay offices, with the permission of the Reserve Bank of India within the area of operation of the Bank so as to provide banking services to the public.
To prepare and to finance schemes for amelioration of the financial condition of members.
To provide financial and technical assistance to self-employed persons for setting up their own business and finance the small scale and other industries as are permitted by the Reserve Bank of India from time to time.
To enter into participation arrangement/arrangements with any other Bank or Banks or financial institutions with the object of making loans and advances.
To do any other form of business as specified in clause(1) of section 6 of the Banking Regulation Act, 1949
(As applicable to Co-operative Soceities)
To do all such other things as are incidental and conducive to the promotion or advancement of these objects and of the business of the bank.