About Us

Management Management

Board of Directors:

Elected 15 Directors assumed Office on 10.01.2021 and 2 Directors have been co-opted as Professional Directors. The Directors of the Board are successful businessmen & Industrialists Chartered Accountants, Engineer and Company Secretary. The Directors render their services honorary since inception of the bank.

Ramesh Kumar Bung


Purshotamdas Mandhana


Laxminarayan Rathi(Lachu Bhai)


Bhagwati Devi Baldwa

Board Of Director

Murali Manohar Palod

Board Of Director

Kailash Narayan B

Board Of Director

Govind Narayan Rathi

Board Of Director

Anita Soni

Board Of Director

Ram Prakash Bhandari

Board Of Director

Brijgopal Asawa

Board Of Director

Bhagwan Pansari

Board Of Director

Pushpa Boob

Board Of Director

Arunkumar Bhangadia

Board Of Director

Badri vishal Mundada

Board Of Director

Prem Kumar Bajaj

Board Of Director

Ramakanth Inani

Professional Director


Professional Director

Sri Umesh Chand Asawa

Managing Director & CEO

Sri Umesh Chand Asawa

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 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.

Registration and Commencement of Operations

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.

Dr. C.Ranga Rajan, the then Governor, Reserve Bank of India inaugurating the function.

Branch Expansion

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:

  • 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 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.

Capital Adequancy Norms

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.

Target for the Year Ending 31.03.2021

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.

Future Plans

To expand branch network to 47 from the present 45 by expanding its wings to Maharashtra and Gujarat States.

Our Objectives 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 Financial Progress

For the year ended 31st March, 2020






(Rs. in Crores)


4140.06 4449.76


2597.15 2963.73


1542.91 1486.03

Profit Before Tax

58.70 44.20

Profit After Tax

41.18 34.19

Working Capital

3059.28 3464.24

Owned Funds

336.88 367.91

Per Employee Business

6.54 7.33

Interest Earned

267.79 285.66

Interest Expended

161.83 179.87

Total Income

284.54 298.85


(In Percentages)


8.12 7.48


6.82 14.11


10.38 -3.69

Profit Before Tax

7.84 -24.70

Profit After Tax

-3.15 -16.97

Working Capital

6.59 13.24

Members Funds

10.97 9.21

Per Employee Business

9.92 12.08

Interest Earned

5.39 6.67

Total Income

6.96 5.03


(In Percentages)


18.09 20.07

CD Ratio

59.41 50.14

Gross NPA

3.38 5.04


0 0

Low Cost Deposits

23.15 23.45

Int. expenses to Int. Income

60.43 62.97

Operating exp to Total Income

21.58 20.58

Return on Assets

1.34 0.98
Balance Sheet as at 31st March, 2021 Balance Sheet as at 31st March, 2021


2019-20 Rs. 

2020-21 Rs.



35,43,83,140 34,73,23,160

Reserves and Surplus

301,43,66,164 333,18,42,258


2597,15,23,910 2963,72,83,494



Other Liabilites
and Provisions

148,21,70,442 165,18,88,290


3082,24,43,656 3496,83,37,202


Cash and Balances with RBI

163,42,51,595 187,71,47,828

Balances with Banks and
Money at Call
and Short Notice

180,85,89,179 357,12,90,957


1066,24,89,842 1318,13,40,607


1542,91,09,198 1486,02,99,950

Fixed Assets

59,04,58,797 53,38,99,310

Other Assets

69,75,45,045 94,43,58,550


3082,24,43,656 3496,83,37,202

Contingent Liabilities

3917,58,930 3843,23,805

Bills for collection

12,19,180 NIL
Profit and Loss Account Profit and Loss Account

For the year ended 31st March, 2021


For the Year 19-20


For the Year 20-21



Interest Earned



Other Income

16,75,02,099 13,19,62,040


284,54,48,341 298,85,22,629


Interest Expended

161,83,29,515 179,87,03,216

Operating Expenses

61,39,74,899 61,49,56,651

Provision & Contingencies

2,61,03,903 13,28,18,524


225,84,08,317 254,64,78,391


Profit Before Tax

58,70,40,024 44,20,44,238

Tax expenses :

Current Tax

17,84,00,000 11,97,00,000

Deferred Tax

32,20,000 1,96,25,000


41,18,60,024 34,19,69,238

Profit brought forward from previous year

13,12,445 6,98,12,856

Surplus of Profit

41,31,72,469 41,17,82,094
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