Hyderabad :A.P.Mahesh Co-op.Urban Bank, a Multi State Scheduled Bank functioning with a network of 45 branches covering 4 States, Telangana, Andhra Pradesh, Rajasthan and Maharashtra, has registered ever recorded profit (before tax)of Rs.42.82 crores for the FY 2017-18 by registering 39.80% growth over previous year. The business mix of the bank has crossed Rs.3500 Crores and declared a dividend of 18% at its Annual General Body Meeting held today at FTAPCCI Auditorium, Hyderabad.
Initially, addressing the shareholders Sri Mandhana has said that the growth in Indian Banking Sector continued to remain static during the financial year due to low credit off-take and diversion of investor’s funds to other avenues. He further said most alarming factor in the Sector is surge in NPAs and during the year.
Sri Mandhana said that the bank continues to be at the forefront of leveraging technolog to improve the customer experience and introduced Bharat BillPay, BHIM MaheshPay, Mobile Banking, Internet Banking and Customer Engagement services viz., Toll free services for account balance, loan enquiry, account statement, cheque book request, missed call service to get last 4 transactions in the account, statement of account by email, RTGS, NEFT from its own platform at all branches, RuPay ATM Card etc.