Chairman’s Note
Dear Members,
Our Bank has completed 22 Years of its glorious Journey with unstinted Cooperation extended by all Members, Customers, Well-Wishers, and Members of Board, Officials and Employees of the Bank.
Co-Operative Banking is playing a significant role Indian Banking System, which is near to the Customer needs. As a Co-Operative Bank, we are working with a motto to serve the Banking needs of the people on the pillars of the Cooperative Principles and Values. Since inception we are focusing to provide transparent, quick and prompt Banking services, to our Valuable Clientele.
In recent times, Indian Banking has seen major technological and financial innovations. For a small Co-Operative Bank like us, it is a big Challenge to implement these innovative services, despite that, we accepted the challenge. We have launched Mobile Banking, IMPS, ATM Services, POS, E-Com, RuPay Platinum Cards, RuPay EMV Card Services, Tollfree Banking, Kiosk Banking, RTGS/NEFT, NACH and CTS Clearing Services,UPI, BC points etc., as such we are providing best Technology enabled services on par with Corporate and Commercial Banks in India.
The Bank was started functioning on 11-09-2000 and till 2009, the bank worked as unit Bank. Whenever the Reserve Bank of India liberalized Branch Authorization policy, we started establishing new Branches with the permission of Reserve Bank of India. We established 23 Branches at potential locations in both Telangana and Andhra Pradesh States from 2009-10 to till date.
In the Current Banking scenario, the customers are afraid of hidden charges levied to their accounts. Hence our strategy is not to burden the customers with unnecessary charges. Hence we introduced charges free Banking policy. There are No Loan Processing Charges, No Charges on RTGS/NEFT, No Charges on Mobile Banking & IMPS Services, No Charges for non-maintenance of Minimum Balance, No SMS Charges etc.,
We established as last Co-Operative Urban Bank in Combined Andhra Pradesh State, with in the span of 22 Years we could reached to 2nd position based on our Business, among 52 Cooperative Urban Banks in Telangana.
I am Confident that, we will build our Brand Image in the Indian Banking System with our Customer centric approach and all your support and encouragement.
I would like to acknowledge the contribution of most important stake holders i.e., our Customers, Members, Board of Directors and our Employees who have made all these possible hence, I offer my sincere gratitude for their unwavering commitment and Support to the Bank.
I also would like to thank the Reserve Bank of India and Co-operative Department Authorities for their guidance and support.