About Us
  • Management

    Board of Directors

    Elected 15 Directors assumed Office on 29.04.2015 and co-opted 2 Professional Directors on the Board.The Directors of the Board are successful businessmen & Industrialists Chartered Accountant & Company Secretary. The Directors render their services honorary since inception of the bank.

    Sri Purshotamdas Mandhana

    SRI PURSHOTAMDAS MANDHANA

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    Chairman

    Sri Ramesh Kumar bung

    SRI RAMESH KUMAR BUNG

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    Sr. Vice Chairman

    Sri rampal attal

    SRI RAMPAL ATTAL

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    Vice Chairman

    Sri Brijgopal Asawa

    SRI BRIJGOPAL ASAWA

    Director

    Sri laxminarayan rathi

    SRI LAXMINARAYAN RATHI

    Director

    Kamal narayan Rathi

    SRI KAMAL NARAYAN RATHI

    Director

    Sri PUSHPA BOOB

    SMT. PUSHPA BOOB

    Director

    Sri CHAINSUKH KABRA

    SRI CHAINSUKH KABRA

    Director

    Sri RAMPRAKASH BHANDARI

    SRI RAMPRAKASH BHANDARI

    Director

    Sri KRISHNA CHANDRA BUNG

    SRI KRISHNA CHANDRA BUNG

    Director

    Sri NANDKISHORE HEDA

    SRI NANDKISHORE HEDA

    Director

    Sri SRIGOPAL BUNG

    SRI SRIGOPAL BUNG

    Director

    Sri OMPRAKASH JAKHOTIA

    SRI OMPRAKASH JAKHOTIA

    Director

    Smt SRINIVAS ASAWA

    SRI SRINIVAS ASAWA

    Director

    Sri SRIKANTH INANI

    SRI SRIKANTH INANI

    Director

    Smt SRINIVAS ASAWA

    CS SUMAN HEDA

    Professional Director

    Sri SRIKANTH INANI

    CA KISHAN GOPAL MANIYAR

    Professional Director

    Sri Umesh Chand Asawa

    Sri Umesh Chand Asawa

    Managing Director & CEO

    Sri Umesh Chand Asawa

    Managing Director & CEO

    He is associated with the Bank for more than 3 decades with rich experience in Banking in various capacities in the bank.

    • Recipient of Frontiers in Co-operative Banking-“Best CEO award” in the category of Large Co-operative Urban Banks of the country.
    • 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

    A.P. 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

    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 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 44 branches - 34 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.

    Reserve Bank of India acceded to the request of the Bank to open 1 more branch in the State of Telangana.

    AWARDS

    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 license to undertake money transfer business and specified non trade current account transactions by the RBI as Authorised Dealer Category-II.Mahesh Bank is the first Co-operative Urban Bank to get thi licence in the States of Telangana & Andhra Pradesh.

    CAPITAL ADEQUACY NORMS:

    The Capital to Risk Weighted Assets Ratio (CRAR) of the bank stood at 19%% as on 31-3-2017 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.

    MISSION

    By the year 2020, Mahesh Bank aims to achieve ambitious Business target 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 '0%' and 100 Branch and ATM network.

    TARGET FOR THE YEAR ENDING 31.03.2018

    Mahesh Bank has set to scale new heights. By the financial year end 31.03.2018, the Bank's ambition is to achieve Rs.3800 crore business & net NPAs continue to be maintained at "0%" level.

    FUTURE PLANS

    Every effort is being made to achieve the mission – 2020 & to introduce e-KYC, Bharat Bill Payment System, Tablet/Agent Banking & Unified Payments Interface(UPI) system.

  • 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

       

      2010

      2012

      2014

      2015

      2016 2017

       

      (Rs. in Crores)

      Business

        1243.10

      1907.18

      2198.61

      2415.33

      2847.37 3329.30

      Deposits

       

      785.85

      1160.43

      1445.92

      1571.45

      1862.29 2219.61

      Advances

       

      457.25

      746.75

      752.69

      843.88

      985.08 1109.69

      Profit Before Tax

       

      19.33

      24.03

      24.02

      26.49

      29.82 30.63

      Net Profit

       

      13.94

      17.54

      17.22

      19.37

      22.18 22.22

      Working Funds

       

      938.66

      1357.37

      1707.31

      1856.82

      2172.87 2556.18

      Members Funds

       

      126.13

      166.37

      200.35

      213.81

      229.49 244.82

      Per Employee Business

       

      2.72

      3.65

      3.84

      4.09

      5.01 5.90

      Interest Earned

       

      95.32

      134.23

      171.06

      185.11

      206.73 226.90

      Interest Expended

       

      55.91

      78.42

      110.40

      119.53

      130.58 149.56

      Total Income

       

      97.65

      137.87

      176.24

      192.21

      214.60 236.71

      GROWTH

      (In Percentages)

      Business

       

      22.02

      26.04

      15.28

      9.86

      17.89 16.93

      Deposits

       

      22.80

      27.86

      24.60

      8.68

      18.51 19.19

      Advances

       

      20.70

      23.31

      0.80

      12.12

      16.73 12.65

      PBT

       

      18.66

      11.35

      (-)0.04

      10.28

      12.57 2.72

      Net Profit

       

      19.46

      16.78

      (-)1.82

      12.49

      14.51 0.18

      Working Funds

       

      20.50

      26.19

      25.78

      8.76

      17.02 17.64

      Members Funds

       

      9.67

      15.52

      20.42

      6.72

      7.33 6.68

      Per Employee Business

       

      18.26

      13.35

      5.02

      6.51

      22.49 17.76

      Interest Earned

       

      22.05

      27.71

      27.44

      8.21

      11.68 9.76

      Total Income

       

      21.38

      27.95

      27.83

      9.06

      11.76 10.30

      VITAL RATIOS

      (In Percentages)

      CRAR

       

      28.35

      22.00

      22.57

      21.66

      20.55 18.50

      CD Ratio

       

      58.19

      64.35

      52.06

      53.70

      52.90 49.99

      Gross NPA

       

      2.56

      2.58

      3.68

      3.90

      4.17 4.47

      Net NPA

       

      0

      0

      0

      0

      0 0

      Low Cost Deposits

       

      21.23

      19.93

      19.89

      20.90

      20.72 25.28

      Int. expenses to Int. Income

       

      58.66

      58.42

      64.54

      64.57

      63.16 65.91

      Operating exp to Total Income

       

      22.38

      20.09

      21.71

      19.92

      18.21 18.90

      Return on Assets

       

      1.48

      1.29

      1.01

      1.04

      1.02 0.87
  •  Balance Sheet as at 31st March, 2017


    Particulars
    As at 31.03.2017   Rs. As at 31.03.2016   Rs..

    As at 31.03.2015   Rs.

    As at
    31.03.2014
    Rs

     

    As at
    31.03.2012
    Rs.

     

    As at     31.03.2010
      Rs.

     

    CAPITAL AND LIABILITIES :

    Capital

    33,22,91,000 32,76,84,000

    32,38,24,300

    31,39,69,700

     

    22,73,34,040

     

    15,56,23,580

    Reserves and Surplus

      211,58,52,917   196,72,49,195

    181,43,37,260

    168,95,10,014

     

    143,64,47,347

     

    110,57,27,552

    Deposits

     22,19,60,94,211  1862,28,74,041

    1571,45,17,337

    1445,91,76,083

     

    1160,43,13,737

     

           785,85,07,597

    Borrowings

    NIL NIL

    NIL

    NIL

     

    NIL

     

                     NIL

    Other Liabilites
    and Provisions

    101,85,91,275 89,07,57,209

    83,20,33,790

    70,20,71,687

     

    36,25,88,378

     

            31,80,41,471

    TOTAL

     2566,28,29,403  2180,85,64,445

    1868,47,12,687

    1716,47,27,484

     

    1363,06,83,502

     

          943,79,00,200

     

    ASSETS :

    Cash and Balance with RBI

     114,16,70,872 86,67,37,410

    92,66,47,609

    79,92,94,301

     

    52,40,04,378

     

    55,29,57,873

    Balance with Banks and
    Money at Call
    and Short Notice

      266,90,96,795   252,91,32,151

    228,67,39,859

    257,62,98,323

     

    173,57,62,702

     

    79,71,39,010

    Investments

      987,18,40,396   782,50,32,085

    636,36,36,692

    565,54,11,335

     

    338,89,51,735

     

    328,47,40,128

    Advances

     1109,69,18,923   985,07,91,635

    843,87,92,035

    752,68,67,200

     

    746,74,90,530

     

    457,25,11,766

    Fixed Assets

        43,16,87,913     36,24,29,802

    28,44,01,888

    27,39,33,812

     

    29,74,54,213

     

    2,31,68,588

    Other Assets

        45,16,14,504     37,44,41,362

    38,44,94,604

    33,29,22,513

     

    21,70,19,944

     

    20,73,82,835

    TOTAL

    2566,28,29,403  2180,85,64,445

    1868,47,12,687

    1716,47,27,484

     

    1363,06,83,502

     

    943,79,00,200

     

     

     

     

     

     

     

     

     

    Contingent Liabilities

       31,53,05,057 15,96,93,632

    18,10,11,435

    17,88,41,521

     

    8,77,66,686

     

    2,59,96,781

    Bills sent for collection

    13,68,464 6,37,965

    23,81,264

    1,58,81,105

     

    1,32,54,230

     

    38,64,134
    • Profit and Loss Account

      for the year ended 31st March, 2017


      Particulars

      For the Year 16-17             Rs.

      For the year  15-16            Rs

      For the year  14-15              Rs.

      For the year 13-14
      Rs.

      For the Year       11-12 Rs

      For the year 09-10
      Rs.

       

      INCOME

      Interest Earned

      226,89,94,488

      206,73,09,393

      185,10,50,502

      171,05,78,862

      134,23,02,847

      95,32,24,774

       

      Other Income

      9,81,36,305 7,87,08,075

      7,10,78,881

      5,18,02,724

      3,64,39,678

      2,32,63,891

       

      TOTAL

      236,71,30,793 214,60,17,468

      192,21,29,383

      176,23,81,586

      137,87,42,525

      97,64,88,665

       

      EXPENDITURE

      Interest Expended

      149,55,76,330    130,58,37,128

      119,53,38,024

      110,40,10,719

      78,41,87,009

      55,91,36,636

       

      Operating Expenses

      44,73,13,692     39,07,99,200

      38,28,72,998

      38,27,62,979

      27,70,49,437

      21,85,17,030

       

      Loss on Sale/Redemption of Investment

      NIL

      -

      17,37,000

      -

      -

      9,45,000

      Provisions and Contingencies

      11,79,00,000 15,11,49,814

      7,72,54,372

      3,53,72,538

      7,72,21,000

      55,25,000

       

      TOTAL

      206,07,90,022 184,77,86,142

      165,72,02,394

      152,21,46,236

      113,84,57,446

      78,31,78,666

       

      PROFIT

      Operating Profit

      30,63,40,771 29,82,31,326

      26,49,26,989

      24,02,35,350

      24,02,85,079

      19,33,09,999

       

      Prior Period Expenditure

      NIL NIL

      NIL

      NIL

      NIL

                 NIL

       

      Profit Before Tax

         30,63,40,771 29,82,31,326

      26,49,26,989

      24,02,35,350

      24,02,85,079

      19,33,09,999

       

       

       

       

       

       

       

       

      Provisions for Income Tax

           8,41,76,797 7,64,22,365

      7,11,77,000

      6,80,62,645

      6,48,44,370

      5,39,17,630

       

      Provision for Fringe Benefit Tax

          NIL

      NIL

      NIL

      NIL

      -

      6,00,000

      NET PROFIT FOR THE YEAR

      22,21,63,974 22,18,08,961

      19,37,49,989

      17,21,72,705

      17,54,40,709

      13,93,92,369

       

       

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.