Type Govt
Industry Banking
Founded 1978
Address 10, Dharma Height, 1st Floor, Motilal Atal Road, Motilal Atal Road, Jaipur, Rajasthan 302001
Founders
Headquarter
Revenue
No of employees:
Description
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.
REGISTRATION AND COMMENCEMENT OF OPERATIONS
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.
Dr. C.Ranga Rajan, the then Governor, Reserve Bank of India inaugurating the function.
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 43 branches - 34 in the twin cities of Hyderabad and Secunderabad and one each at Khammam, Warangal in Telangana State, Vijayawada, Guntur, Rajahmundry, Visakhapatnam, in Andhra Pradesh State, Jaipur & Bhilwara in Rajasthan and Mumbai in Maharashtra States.
Reserve Bank of India acceded to the request of the Bank to open 2 more branches in the State of Telangana.
