Financials and Achievements

We with our sustained efforts and backed by customer confidence, could still create a name for ourselves in our Area of Operation.

For the first 8 years we had worked as only unit Bank. However with the liberalization of Branch Licensing policy of the RBI in 2008 Year, for Branch expansion in Co-Operative sector, which encouraged branch expansion for the performing Co-Operative Banks, we could get 2 Licenses for Opening of new branches during the Financial Year 2008-09, thereby we are increasing our strength year on year.

Through entering into new locations and acquiring more customers, we are making efforts to stabilize our growth Year on Year, and we could reach to 23 Branches in Telangana as of now.

With the active support and guidance of the Regulators, we could continuously perform well and also continued to introduce many new initiatives over a period of time.

The performance of our Bank during the Financial Year, in regards to various parameters are as under.

Rs in Lakhs

S.No
Particulars
2018-19
2017-18
Growth in
Amount
% of Growth
1. LIABILITIES
i. Share Capital 4395.98 2246.89 2149.09 95.65%
ii. Total Deposits 63973.47 48336.95 15436.52 32.35%
Demand Deposits 26128.35 21703.56 4424.79 20.39%
Time Deposits 37845.12 26633.39 11211.73 42.10%
iii. Reserves 2401.32 1893.81 507.51 26.80%
iv. Other Liabilities 1222.05 1897.85 -675.80 -35.61%
v. Profit 1160.72 705.45 455.27 64.54%
Total Liabilities 73153.54 55080.95 18072.59 32.81%
2. ASSETS
i. Cash on Hand & ATM&

Bank balances

8013.95 7541.83 472.12 6.26%
ii. Loans & Advances 43227.5 31172.64 12054.82 38.67%
iii. Investments 18113.5 14133.20 3980.33 28.16%
iv. Furniture & Fixture 1922.38 1599.37 323.01 20.20%
v. Other Assets 1876.22 633.91 1242.31 195.98%
Total Assets 73153.54 55080.95 18072.59 32.81%
S.No
Particulars
2018-19
2017-18
Growth in
Amount
% of Growth
3. INCOME
i. Interest On Loans 4502.39 3346.24 1156.15 34.55%
ii. Interest On Investments 1387.68 1029.81 357.87 34.75%
iii. Non Int Income 1031.16 539.94 491.12 90.96%
Total Income 6921.13 4915.99 2005.14 40.79%
4. EXPENDITURE
i. Interest On Deposits 3444.04 2547.07 896.97 35.22%
ii. Establishment Charges 390.77 266.45 124.32 46.66%
iii. Contingent Charges 1387.53 100.51 385.02 38.41%
iv. Reserves & Provisions 538.07 394.51 143.56 36.39%
v. Profit 1160.72 705.45 455.27 64.54%
Total Expenditure 6921.13 4915.99 2005.14 40.79%