2ND GENERAL BODY MEETING OF AGRASEN BANK

• CHAIRMAN-SHRI PRAMOD KUMAR KEDIA ADDRESSES 2nd GENERAL BODY MEETING OF THE AGRASEN CO-OPERATIVE URBAN BANK LTD.

• AGRASEN BANK SHARE CAPITAL INCREASES TO 12.18 CRORES FROM 10.40 CRORE FROM DECEMBER-2014 TO DECEMBER 2015

• TOTAL BUSINESS OF BANK RECHES 433.34 CRORES FROM 370.51 CRORES FROM DECEMBER-2014 TO DECEMBER 2015

• TOTAL DEPOSIT OF BANK RISES TO 260.84 CRORES FROM 232.10 CRORES FROM DECEMBER-2014 TO DECEMBER 2015

• GROSS ADVANCES OF BANK REACHED THE LEVEL OF RS.172.50 CRORES FROM 138.41CRORES FROM DECEMBER-2014 TO DECEMBER 2015

• THE RESERVE FUND OF BANK IMPROVED TO 20.53 CRORES FROM 17.27 CRORES FROM DECEMBER-2014 TO DECEMBER 2015

• CASA SHOWED GROWTH OF 18.95% DURING THE YEAR.

• AGRASEN BANK GETS ADMITTED TO BANKERS CLEARING HOUSE AS A DIRECT MEMBER.

• NET PROFIT OF THE BANK AS ON 31ST DECEBER 2015 STOOD AT RS.3.79 CRORES.

Hyderabad, 6th March, 2016:            The Agrasen Co-operative Urban Bank Ltd announced to its patrons, stakeholders, board of directors & valued customers that Reserve Bank of India has officially communicated that it has admitted the Agrasen Bank as a direct member to the Bankers Clearing House. With these development , the Bank will be able to offer faster clearing settlements to its customers and optimally utilize its valuable funds. General Manager-CEO-Board of Directors of Agrasen Bank were present at the occasion.

Speaking on the occasion of General Body Meeting Shri. Pramod Kumar Kedia, Chairman of the Agrasen Co-operative Urban Bank  Ltd said "Agrasen Bank is extremely happy to announce that Agrasen Bank has achieved great heights during the last year and has achieved great profits, Bank also initiated a "Intensive Business Mobilization Camapign" unveiling innovative and customer friendly schemes which helped bank in reaching more audience and achieving great profits. Shri Pramod Kumar Kediaji proudly announced that bank    has been admitted as a Direct Member to Bankers Clearing House by Reserve Bank of India, he added that being a Direct Member of Bankers Clearing House Agrasen Bank can efficiently serve its customers". Speaking on the recent budget by Shri. Arun Jaitley, Mr. Kedia said "the Finance Minister has presented poor-centric and pro-agrarian budget proposals for F.Y 2016-2017. While pegging down the fiscal deficit to 3.5% , mark of P.M. Modi, Make in India, is clearly visible in allocating sizable funds to infrastructure. The centre has reiterated its stand to operationalise Banks Board Bureau this year and proposes to roll out a road map for consolidation PSU Banks.