FINANCIAL PROGRESS (YEAR ON YEAR)

PERFORMANCE

 2005 2006 2007 2008 2009
  (Rs. in Crores)
Deposits 366.02 395.06 432.95 515.81 639.94
Advances 147.90 175.76 257.05 326.37 378.82
Business 513.92 570.82 690.00 842.18 1018.76
PBT 4.00 4.87 6.51 14.57 16.29
Net Profit 4.00 4.81 5.15 9.93 11.67
Working Funds 477.36 500.35 569.34 643.70 778.98
Members Funds 91.34 93.50 99.41 106.17 115.02
Per Employee Business 1.07 1.31 1.60 1.88 2.30
Interest Earned 43.63 45.86 50.44 63.89 78.10
Interest Expended 26.90 23.89 24.24 31.13 42.82
Total Income 45.80 47.94 52.47 66.82 80.45

GROWTH

 (In Percentages)
Deposits 1.13 7.93 9.59 19.14 24.07
Advances -3.50 18.84 46.25 26.97 16.07
Business -0.16 11.07 20.88 22.06 20.97
PBT -32.09 21.75 33.68 123.81 11.80
Net Profit -32.09 20.25 7.07 92.82 17.52
Working Funds -4.21 4.82 13.79 13.06 21.02
Members Funds -0.32 2.36 6.32 6.80 8.34
Per Employee Business 8.13 18.47 22.14 17.50 22.34
Interest Earned -5.07 5.11 9.99 26.67 22.24
Total Income -10.63 4.67 9.45 27.35 20.40

VITAL RATIOS

 (In Percentages)
CRAR 44.48 39.75 35.15 36.78 31.70
CD Ratio 40.41 44.49 59.37 63.27 59.20
Gross NPA 14.41 9.25 4.30 3.77 2.84
Net NPA 0 0 0 0 0
Low Cost Deposits 25.06 27.78 29.69 27.76 22.91
Int. expenses to Int. Income 61.65 52.07 48.04 48.87 54.82
Operating exp to Total Income 29.06 28.20 29.35 28.27 25.07
Return on Assets 0.83 0.96 0.90 1.53 1.49

STRENGTH OF BANK
  • First to its credit conferring in South India for Multi-State Status, Scheduled Status and First in A.P. Region to get Authorized Dealer Category-II licence to deal in Foreign Exchange under specified Non-Trade Current Account transactions.
  • Sub-Agent of Reliance Money Express Pvt. Ltd., a 100% Subsidiary Company of Reliance Capital and a representative of Western Union Network, for offering Money Transfer Service.
  • NRE deposits accepted at all Branches.
  • An estimated 15% Business share amongst 115 Co-operative Banks in A.P.
  • Nearly 3 lakh clientele base, 24,600 Members and 450 Staff.
  • Capital and Reserves of the Bank are Rs. 118 Crores.
  • The Bank has been earning Profits throughout and paying dividends to Shareholders continuously for the last 29 years.
  • The Bank has been categorized as Grade-I by the Reserve Bank of India and rated ‘A’ under Audit Classification since inception.
  • The Bank continues to be a 0% Net NPA Bank.
  • Achieved the targets in Priority Sector & Weaker Section Advances.
  • CRAR of the Bank stood at 31% as against 9% prescribed by RBI.
  • Incremental Credit Deposit Ratio has marked a level of 42.25% thereby moving CD Ratio to the level of 59.19%.
  • Per Employee Business has increased from Rs.1.88 crores to Rs.2.30 crores.
  • IFR required minimum 5%, more than that has been provided.
  • Deposits placed with the Bank upto Rs.1.00 lakh are covered by Deposit Insurance and Credit Guarantee Corporation.
  • The Bank has introduced the facility of Real Time Gross Settlement (RTGS).
  • ATM, e-Seva facility, Seven Days Banking at selected Branches.
  • Extended Business Hours upto 5.00 p.m.
  • Locker facility available at all Branches.
  • Grievance Redressal System in place.
  • Permission for opening of 3 more Branches received from RBI.
  • Training to staff at our own Staff Training Centre and at Other Centres for advanced trainings.
  • Introduced “Core Banking Solution” at all Branches with Anywhere Banking facility.
  • The Bank offers Life Insurance Solutions through Max New York Life Insurance Co.Ltd.
  • Extra Interest of upto 0.50% to Senior Citizens.
  • No Frills Savings Bank Account with a minimum balance of Rs.10/- only.
  • The Bank offers attractive Deposit Scheme – MAHESH LAKHPATI YOJANA with high returns.
  • Deposits by public in two schemes viz., Mahesh Tax Saver Fixed Deposits & Mahesh Tax Saver Multiplier Deposits are eligible for deduction under Section 80C of IT Act.
  • Accept all types of deposits, Loans & Advances extended to Traders, Businessmen, SSIs, Personal Loans, Consumer Loans, Housing Loans, Professional Loans, Gold Loans & Loans against NSCs, KVPs etc.
  • Educational Loans upto Rs.20.00 lakhs for pursuing higher studies Abroad and upto Rs.10.00 lakhs within India.
  • Housing loans upto Rs.50 lakhs for construction / purchase of House/Flat.
  • Selected for study by NIBM for good Corporate Governance in Co-op. Banks.
  • Motto is “Your Trust is our reward”.

VARIOUS DEPOSIT AND LOAN PRODUCTS ARE AVAILABLE TO SUIT CUSTOMER NEEDS.
Copyright © 2009 The A.P. Mahesh Co-op. Urban Bank Ltd. All rights reserved. Designed and Maintained by bhaves ads