chapter2 bank profile
TRANSCRIPT
-
7/29/2019 Chapter2 Bank Profile
1/20
BANK PROFILE
OVERVIEW OF THE BANKING SECTOR
A bank is a financial institution that provides banking and other financial services to their
customers. A bank is generally understood as an institution which provides fundamental banking
services such as accepting deposits and providing loans. There are also nonbanking institutions
that provide certain banking services without meeting the legal definition of a bank. Banks are a
subset of the financial services industry.
A banking system also referred as a system provided by the bank which offers cash management
services for customers, reporting the transactions of their accounts and portfolios, through out the
day. The banking system in India, should not only be hassle free but it should be able to meet the
new challenges posed by the technology and any other external and internal factors. For the past
three decades, Indias banking system has several outstanding achievements to its credit. The
Banks are the main participants of the financial system in India. The Banking sector offers
several facilities and opportunities to their customers. All the banks safeguards the money and
valuables and provide loans, credit, and payment services, such as checking accounts, money
orders, and cashiers cheques. The banks also offer investment and insurance products. As a
variety of models for cooperation and integration among finance industries have emerged, some
of the traditional distinctions between banks, insurance companies, and securities firms have
diminished. In spite of these changes, banks continue to maintain and perform their primary
roleaccepting deposits and lending funds from these deposits.
EVOLUTION OF INDIAN BANKING INDUSTRY:
The Indian banking industry has its foundations in the 18th century, and has had a varied
evolutionary experience since then. The initial banks in India were primarily traders banks
engaged only in financing activities. Banking industry in the pre-independence era developedwith the Presidency Banks, which were transformed into the Imperial Bank of India and
subsequently into the State Bank of India. The initial days of the industry saw a majority private
ownership and a highly volatile work environment. Major strides towards public ownership and
accountability were made with nationalization in 1969 and 1980 which transformed the face of
-
7/29/2019 Chapter2 Bank Profile
2/20
banking in India. The industry in recent times has recognized the importance of private and
foreign players in a competitive scenario and has moved towards greater liberalization.
STRUCTURE OF INDIAN BANKING SYSTEM:
-
7/29/2019 Chapter2 Bank Profile
3/20
INTRODUCTION TO MAHESH BANK
Company overview:
The A.P. Mahesh Co-operative Urban Bank Ltd. operates as an urban co-operative banking
institution. It offers deposit schemes, such as fixed, multiplier, tax saver multiplier, automatic
renewal, and recurring deposits, as well as cash certificates. The company also provides
personal, consumer, business, housing, professional, gold, vehicle, educational, and industrial
finance loans, as well as offers loans against NSCs, KVPs, and shares. In addition, it offers other
loan facilities, such as consortium finance, issue of bank guarantees, group loans, bill
discounting against LC, and issue of ILC/FLC. Further, the company provides SMS banking,
foreign exchange, and money transfer services. The A.P. Mahesh Co-operative Urban Bank Ltd.
was founded in 1978 and is based in Hyderabad, India. It has branches in Hyderabad,
Secunderabad, Khammam, Vijayawada, Guntur, Rajahmundry, Visakhapatnam, and Warangal,
as well as in Jaipur and Mumbai, India.
The 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.
-
7/29/2019 Chapter2 Bank Profile
4/20
A BRIEF HISTORY OF THE 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 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.
BRANCH EXPANSION
Mahesh Bank presently has 38 branches - 30 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) introduced at all
branches.
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 21% as on
31-3-2012 as against a minimun stipulation of 9% prescribed by RBI.
-
7/29/2019 Chapter2 Bank Profile
5/20
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 maintain Net NPAs at 0% level.
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.
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:
-
7/29/2019 Chapter2 Bank Profile
6/20
(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;
-
7/29/2019 Chapter2 Bank Profile
7/20
(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;
-
7/29/2019 Chapter2 Bank Profile
8/20
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.
BRANCH LOCATIONS:
The bank has various branches located over the twin cities and other states:
Branches in Hyderabad & Secunderabad
Ameerpet Branch A.S. Rao Nagar Branch Attapur Branch Balanagar Branch Banjara Hills Branch Begum Bazar Branch Champapet Branch Charminar Branch Chintal Branch Dilsukhnagar Branch Himayatnagar Branch Kachiguda Branch
Karkhana Branch Khairatabad Branch Kukatpally Branch Malakpet Branch Malkajgiri Branch Mehdipatnam Branch
http://www.apmaheshbank.com/branches.phphttp://www.apmaheshbank.com/branches.php#ameerpethttp://www.apmaheshbank.com/branches.php#attapurhttp://www.apmaheshbank.com/branches.php#asraonagarhttp://www.apmaheshbank.com/branches.php#banjarahillshttp://www.apmaheshbank.com/branches.php#balanagarhttp://www.apmaheshbank.com/branches.php#begumbazarhttp://www.apmaheshbank.com/branches.php#champapethttp://www.apmaheshbank.com/branches.php#charminarhttp://www.apmaheshbank.com/branches.php#chintalhttp://www.apmaheshbank.com/branches.php#dilsukhnagarhttp://www.apmaheshbank.com/branches.php#himayatnagarhttp://www.apmaheshbank.com/branches.php#kachigudahttp://www.apmaheshbank.com/branches.php#karkhanahttp://www.apmaheshbank.com/branches.php#khairatabadhttp://www.apmaheshbank.com/branches.php#kukatpallyhttp://www.apmaheshbank.com/branches.php#malakpethttp://www.apmaheshbank.com/branches.php#malkajgirihttp://www.apmaheshbank.com/branches.php#malkajgirihttp://www.apmaheshbank.com/branches.php#malakpethttp://www.apmaheshbank.com/branches.php#kukatpallyhttp://www.apmaheshbank.com/branches.php#khairatabadhttp://www.apmaheshbank.com/branches.php#karkhanahttp://www.apmaheshbank.com/branches.php#kachigudahttp://www.apmaheshbank.com/branches.php#himayatnagarhttp://www.apmaheshbank.com/branches.php#dilsukhnagarhttp://www.apmaheshbank.com/branches.php#chintalhttp://www.apmaheshbank.com/branches.php#charminarhttp://www.apmaheshbank.com/branches.php#champapethttp://www.apmaheshbank.com/branches.php#begumbazarhttp://www.apmaheshbank.com/branches.php#balanagarhttp://www.apmaheshbank.com/branches.php#banjarahillshttp://www.apmaheshbank.com/branches.php#asraonagarhttp://www.apmaheshbank.com/branches.php#attapurhttp://www.apmaheshbank.com/branches.php#ameerpethttp://www.apmaheshbank.com/branches.php -
7/29/2019 Chapter2 Bank Profile
9/20
Monda Market Branch Moti Nagar Branch Ramanthapur Branch RTC X Roads Branch Secunderabad Branch Serilingampally Branch Shamsheergunj Branch Siddiamber Bazar Branch Seethaphalmandi Branch Sultan Bazar Branch Tarnaka Branch Vanasthalipuram Branch West Marredpally Branch
Branches in A.P. (other than Twin Cities)
Guntur Branch Khammam Branch Rajahmundry Branch Vijayawada Branch Visakapatnam Branch Warangal Branch
Branches of other States
Jaipur Branch Mumbai Branch
http://www.apmaheshbank.com/branches.php#mehdipatnamhttp://www.apmaheshbank.com/branches.php#mondamarkethttp://www.apmaheshbank.com/branches.php#mondamarkethttp://www.apmaheshbank.com/branches.php#ramanthapurhttp://www.apmaheshbank.com/branches.php#rtchttp://www.apmaheshbank.com/branches.php#secunderabadhttp://www.apmaheshbank.com/branches.php#serilingampallyhttp://www.apmaheshbank.com/branches.php#shamsheergunjhttp://www.apmaheshbank.com/branches.php#siddiamberbazarhttp://www.apmaheshbank.com/branches.php#seethaphalmandihttp://www.apmaheshbank.com/branches.php#sultanbazarhttp://www.apmaheshbank.com/branches.php#tarnakahttp://www.apmaheshbank.com/branches.php#vanasthalipuramhttp://www.apmaheshbank.com/branches.php#westmarredpallyhttp://www.apmaheshbank.com/branches.php#gunturhttp://www.apmaheshbank.com/branches.php#khammamhttp://www.apmaheshbank.com/branches.php#rajahmundryhttp://www.apmaheshbank.com/branches.php#vijayawadahttp://www.apmaheshbank.com/branches.php#visakapatnamhttp://www.apmaheshbank.com/branches.php#jaipurhttp://www.apmaheshbank.com/branches.php#mumbaihttp://www.apmaheshbank.com/branches.php#mumbaihttp://www.apmaheshbank.com/branches.php#jaipurhttp://www.apmaheshbank.com/branches.php#visakapatnamhttp://www.apmaheshbank.com/branches.php#vijayawadahttp://www.apmaheshbank.com/branches.php#rajahmundryhttp://www.apmaheshbank.com/branches.php#khammamhttp://www.apmaheshbank.com/branches.php#gunturhttp://www.apmaheshbank.com/branches.php#westmarredpallyhttp://www.apmaheshbank.com/branches.php#vanasthalipuramhttp://www.apmaheshbank.com/branches.php#tarnakahttp://www.apmaheshbank.com/branches.php#sultanbazarhttp://www.apmaheshbank.com/branches.php#seethaphalmandihttp://www.apmaheshbank.com/branches.php#siddiamberbazarhttp://www.apmaheshbank.com/branches.php#shamsheergunjhttp://www.apmaheshbank.com/branches.php#serilingampallyhttp://www.apmaheshbank.com/branches.php#secunderabadhttp://www.apmaheshbank.com/branches.php#rtchttp://www.apmaheshbank.com/branches.php#ramanthapurhttp://www.apmaheshbank.com/branches.php#mondamarkethttp://www.apmaheshbank.com/branches.php#mondamarkethttp://www.apmaheshbank.com/branches.php#mehdipatnam -
7/29/2019 Chapter2 Bank Profile
10/20
OWNERSHIP AND MANAGEMENT PROFILE:
Management:
Board of Directors:
Elected 15 Directors assumed Office on 09.06.2010 and two Directors have been co-opted as
Professional Directors. The Directors of the Board are successful businessmen, Industrialists,
Chartered Accountants, and Legal Experts. The Directors render their services honorarily since
inception.
SRI RAMESH KUMAR BUNG (Chairman)
He is associated with the Bank as Director, Vice-Chairman & Chairman over the past 1 decade.
A well-known Social Worker associated with many organizations viz.,
President : A.P. Co-op. Urban Banks & Credit Societies Association
President : A.P. Maheshwari Sabha
Chairman/Managing Trustee : Smt. Dhapi Bai Rampershad Bung Charitable Trust, Hyderabad
Managing Trustee : Sri Maheshwari Seva Trust, Hyderabad
A.P. Marwadi Shiksha Kosh Trust
Managing Committee
Member: Akhil Bhartiya Maheshwari Seva Sadan (Pushkar)
Trustee : Akhil Bhartiya Maheshwari Seva Trust, Indore
Convenor (A.P. Unit) :Sri Aditya Vikram Birla Memorial Vyapar Sahayog Kendra,
Chennai
Convenor : A.P. Maheshwari Sabha Trust, Hyderabad
-
7/29/2019 Chapter2 Bank Profile
11/20
Ex-President :
A.P. Maheshwari Yuva Sanghatan, Rajasthani Graduates
Association & A.P. Marwadi Yuva Manch & A.P. Marwadi
Sammelan
Ex-Vice President : All India Maheshwari Yuva Sanghatan.
Awards
"EXCELLENCE AWARD - BANKING" by Delhi Telugu
Academy (A.P.)
YUVARATNA by Akhil Bharatiya Marwadi Yuva Manch
BHARAT GOURAV by Dharana Public Seva Trust
(Udaipur).
MUNDVA VIBHUTI by Marwad Mundva Nagrik Mandal
(Hyd.)
OTHER DIRECTORS:
1. Sri Purshotamdas Mandhana (Sr. Vice Chairman)2. Sri Ramprakash Bhandari (Vice Chairman)3. Sri Brijgopal Asawa (Director)4. Sri Chainsukh Kabra (Director)5. Sri Devender Jhawar(Director)6. Sri Kailash Narayan Bhangadia (Director)7. Sri Krishna Chandra Bung (Director)8. Sri Laxminarayan Rathi (Director)9. Smt. Pushpa Boob (Director)10.Sri Rajgopal Partani (Director)11.Sri Ramnivas Soni (Director)12.Sri Rampal Attal (Director)13.Smt. Ratnamala Saboo (Director)14.Sri Srigopal Bung (Director)15.C.A. Sri Kishan Gopal Maniyar(Professional Director)16.Ca Sri Bajranglal Jhawar(Professional Director)
-
7/29/2019 Chapter2 Bank Profile
12/20
17.Sri Umesh Chand Asawa (M.D. & CEO)DEPARTMENTS:
1.
Finance And Account Department2. Credit Department3. Planning And Development4. Bancassurance5. Law6. Clearing7. Shares8. Dispatch9. Personal Administration10.Recovery11.Computer12.Audit
LOCATION:
THE A.P MAHESH CO-OPERATIVE URBAN BANK LTD.
Head office: 5-3-989, 3rd
floor, Sherza Estate, Nizamshahi Road, Hyderabad-500095.
-
7/29/2019 Chapter2 Bank Profile
13/20
CUSTOMER SERVICE & INTRODUCTION OF NEW FACILITIES
The Bank has been taking advantage of technology for enhancing the efficiency, increasing the
productivity and thereby improving the standards of customer service. Some of the new facilities
initiated during the year are as under:
Reserve Bank of India has accorded license for RTGS membership and the bank commenced
RTGS operations from its own platform with effect from 22.01.2011. As a result or this, funds
of Rs. 2.00 lakhs and above are transferred to/received from all over the country instantly.
Further, THE RBI has accorded membership for National Electronic Fund Transfer (NEFT) and
operations will commence shortly from their own platform after completing the requisite
formalities. This facility will enable the customers to transfer any amount at a faster pace,
without any ceiling.
The Bank has installed two On-site ATMs at Vanasthalipuram and Begum Bazar Branches in
addition to one ATM already existing at Himayathnagar Branch. All the ATMs are inter-
connected so that customer gets the benefit of Any Branch ATM banking facility. Further
"NPCI" has approved the membership of our Bank for ATM Sharing Network and process of
testing of ATM cards by them is in advanced stage. On completion of the same, customers will
have access to 78,000+ ATMs across the country.
Point of Sale Terminals are being installed at various customers sale outlets. By this customers
are able to receive immediate credit of sale proceeds by swiping Master/Visa credit and/or debit
cards of their customers.
The Bank is providing information based net banking and mobile banking facility to the
customers. Further, customers can request online, for issue of cheque book and statement of
account.
The Bank has tied-up with M/s.Reliance Capital Asset Management Ltd., which will facilitate
the customers to invest in various mutual fund products.
-
7/29/2019 Chapter2 Bank Profile
14/20
FINANCIAL PROGRESS (Year on Year)
PERFORMANCE 2005 2006 2007 2008 2009 2010 20112012
(Unaudited)
(Rs. in Crores)
Business 513.92 570.82 690.00 842.18 1018.76 1243.10 1513.19 1907.26
Deposits 366.02 395.06 432.95 515.81 639.94 785.85 907.58 1160.43
Advances 147.90 175.76 257.05 326.37 378.82 457.25 605.61 746.83
Profit Before Tax 4.00 4.87 6.51 14.57 16.29 19.33 21.58 24.14
Net Profit 4.00 4.81 5.15 9.93 11.67 13.94 15.02 17.41
Working Funds 477.36 500.35 569.34 643.70 778.98 938.66 1075.69 1353.83
Members Funds 91.34 93.50 99.41 106.17 115.02 126.13 144.01 166.24
Per Employee Business 1.07 1.31 1.60 1.88 2.30 2.72 3.22 3.43
Interest Earned 43.63 45.86 50.44 63.89 78.10 95.32 105.10 134.35
Interest Expended 26.90 23.89 24.24 31.13 42.82 55.91 55.07 78.44
Total Income 45.80 47.94 52.47 66.82 80.45 97.65 107.75 138.01
GROWTH (In Percentages)
Business -0.16 11.07 20.88 22.06 20.97 22.02 21.72 26.04
Deposits 1.13 7.93 9.59 19.14 24.07 22.80 15.49 27.86
Advances -3.50 18.84 46.25 26.97 16.07 20.70 32.45 23.32
PBT -32.09 21.75 33.68 123.81 11.80 18.66 11.64 11.86
Net Profit -32.09 20.25 7.07 92.82 17.52 19.46 7.75 15.91
Working Funds -4.21 4.82 13.79 13.06 21.02 20.50 14.60 25.86
Members Funds -0.32 2.36 6.32 6.80 8.34 9.67 14.18 15.44
Per Employee Business 8.13 18.47 22.14 17.50 22.34 18.26 18.38 6.52
Interest Earned -5.07 5.11 9.99 26.67 22.24 22.05 10.26 27.83
Total Income -10.63 4.67 9.45 27.35 20.40 21.38 10.34 28.08
-
7/29/2019 Chapter2 Bank Profile
15/20
VITAL RATIOS (In Percentages)
CRAR 44.48 39.75 35.15 36.78 31.70 28.35 22.11 21.00
CD Ratio 40.41 44.49 59.37 63.27 59.20 58.19 66.73 64.36
Gross NPA 14.41 9.25 4.30 3.77 2.84 2.56 2.56 2.59
Net NPA 0 0 0 0 0 0 - 0
Low Cost Deposits 25.06 27.78 29.69 27.76 22.91 21.23 22.20 19.93
Int. expenses to Int.
Income61.65 52.07 48.04 48.87 54.82 58.66 52.40 58.38
Operating exp to Total
Income29.06 28.20 29.35 28.27 25.07 22.38 21.58 20.08
Return on Assets 0.83 0.96 0.90 1.53 1.49 1.48 1.39 1.29
PERFORMANCE OF THE BANK
The Bank undeterred by negative environment of rising inflation, tightening Monetary Policy
and hardening of interest rates has performed well in all fronts. The profit before tax earned by
the bank for the year stands at Rs. 21.58 crores compared to Rs. 19.33 crores in the previous year
registering a growth of 11.64%. After making necessary tax provisions the profit after tax stands
at Rs. 15.02 crores, compared to Rs. 13.94 crores in the previous year, registering a growth of
7.75%.
The Board of Directors have recommended for a dividend of 24% for the year 2010-11.
The bank has registered a significant growth in business volume in line with industry averages.
The total business achieved during the year 2010-11 is Rs. 1513 crores as compared to Rs. 1243
crores last year surpassing the budgeted level of Rs. 1500 crores and registering a growth of
21.72%. This comprises of total deposits of Rs. 907.58 crores (15.49% growth over the previous
year) and advances of Rs. 605.61 crores (32.45% growth over the previous year).
The other areas where bank excelled are as under:
-
7/29/2019 Chapter2 Bank Profile
16/20
a) Owned Funds of the Bank increased to Rs. 144.01 crores compared to Rs. 126.13 crores
during the previous year.
b) Capital Adequacy Ratio of the bank is 22.11% as against Reserve Bank of India stipulation of
9%.
c) Credit Deposit Ratio(CDR) increased to 66.73% compared to 58.19% during the previous
year.
d) Interest Income increased to Rs. 105.10 crores compared to Rs. 95.32 crores during the
previous year.
e) Per Employee business increased to Rs. 3.22 crores compared to Rs. 2.72 crores during theprevious year.
f) Per Employee profit increased to Rs. 3.20 lakhs compared to Rs. 3.05 lakhs during the
previous year.
The financial year 2011-12 is likely to be quite challenging for the Indian Banking
Industry. In spite of this the bank has set current years goals as under:
To achieve :
1. The business level of Rs. 1800 crores
2. Profit (before tax) of Rs. 25 crores
3. Network of 40 Branches including ATMs
To maintain:
1. CD Ratio at 67%
2. Gross NPAs below 3%
3. Net NPAs at 0%
-
7/29/2019 Chapter2 Bank Profile
17/20
TARGET FOR THE YEAR ENDING 31.03.2013
Bank has set an ambitious target of Rs.2400 crore business by the end of March, 2013.
AWARDS AND ACHIEVEMENTS:
The bank has bagged 3 awards from Banking Frontiers Magazine, Mumbai in the following
areas:
1. Best Data Centre
2. Excellence in Networking
3. Excellence in Customer Service.
CORPORATE SOCIAL RESPONSIBILITY
The Bank as a socially responsible organization is extending a helping hand to the persons in
need by way of assistance in the form of donations. Further, the bank for the first time, launched
a computer awareness programme free of cost for the benefit of members/customers/staff and
their family members wherein they are imparted basic knowledge of computers.
SERVICES PROVIDED BY THE BANK:
1. Internet banking:2. Mobile banking: It is of two types Interbank Mobile Payment Service (IMPS)
Mahesh Bank Offers Interbank Mobile Payment Service (IMPS), a unique concept of mobile
based account to account funds transfer for registered Bank account holders in collaboration with
National Payments Corporation of India (NPCI).
Interbank Mobile Payment Service (IMPS) is an instant interbank electronic fundtransfer service through mobile phones. IMPS would facilitate Mahesh Bank Customer's
to send money instantaneously to any other person registered for IMPS service in any of
-
7/29/2019 Chapter2 Bank Profile
18/20
participating banks, using application. All IMPS registered customers can also act as
beneficiaries to receive money from any participating banks.
Key Features of IMPS
Send money to anyone using their mobile number Recipient gets instant credit Receive money instantly from anyone without sharing your account number Available 24x7x365 Absolutely free of cost Simple & easy to use Safe & Secure
3. Forex services:Foreign Exchange Facility
The Bank now renders Forex Serivces under A.D. - Category-II
The Money Transfer business in accordance with Memorandum AMC issued vide A.P. (DIR
Series) Circular No. 43/A.P. (FL Series) Circular No.1 dated November 12, 2002. To releaseremit foreign exchange for the following transactions in terms of A.P. (DIR Series) Circular No.
25/A.P. (FL Series) Circular No.02 dated March 6, 2006:
Features:
Private Visits. Remittance by tour operators/travel agents to overseas agents/principals/hotels.
Business Travels. Fees for participation in global conferences and specialized training. Remittance for participation in international events / competitions (towards training,
sponsorship and prize money).
Film shooting. Medical Treatment abroad,
-
7/29/2019 Chapter2 Bank Profile
19/20
Disbursement of crew wages. Overseas Education. Remittance under educational tie up arrangements with universities abroad. Remittance towards fees for examinations held in India and abroad and additional score
sheets for GRE, TOEFL etc.,
Employment and processing, assessment fees for overseas job applications. Emigration and Emigration Consultancy Fees. Skills / credential assessment fees for intending migrants. Visa fees. Processing fees for registration of documents as required by the Portuguese / other
Governments,
Registration / Subscription / Membership fees to International Organizations.4. Life insurance services:
The Bank is a Corporate Agent of Max New York Life Insurance Company Ltd. vide Licence
No. 2147260 (licence to act as a Corporate Agent under the Insurance Act, 1938 (IV of 1938)).
Customers can avail this facility at any of the branches.
5.
PAN Card Services:
In terms of Section 206AA of Income tax Act, 1961, introduced by Finance (No. 2) Act, 2009,
w.e.f. 1st April, 2010, it will be mandatory for every person including a non-resident, entitled to
receive any sum or income or amount, on which TDS is deductible, to furnish his/her PAN to the
Bank, failing which TDS will be deducted at the rate of 20% or rate applicable, whichever is
higher. Customers can avail the services for applying PAN CARD at designated branches of the
bank.
6. e-Seva Services:With this facility customers can pay their utility bills such as Electricity, Water, Property Tax
and BSNL Telephone Bills at selected branches.
-
7/29/2019 Chapter2 Bank Profile
20/20
e-tax payment services: With this facility customers can pay their tax liability such as, income-
tax, Tax deducted at source etc., from any of the branches.
7. Core banking: The bank introduced Core Banking Services any where bankingfacility , from which they can transact their banking operations as per their convenience.