Presentation1

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A Project on Co-operatives (For Respected Ajit Shah Sir)

Introduction and Board of directors : 

Introduction and Board of directors Year “1964” Promoter and Chairman

Vision, Mission and Main Motive : 

Vision, Mission and Main Motive

Fundamentals Of The Bank : 

Fundamentals Of The Bank Membership : number of shareholder members - 1,20,577 to 1,23,011; 3,991 new members were admitted; 1,557 members was discontinued because of resignation, death etc; nominal membership of the Bank stood at 64,282. Paid Up Capital and Reserves: The paid up capital - Rs.40.46 'Crores as on 31.03.2008 to Rs.45.77 Crores as on 31.03.2009; a growth of 13.12%; The reserves and other funds - Rs.629.65 crores as on 31.03.2008 to Rs. 671.95 crores as on 31.03.2009; The overall additional contribution to re erves and other funds was to the order of Rs.42.30 crores.

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Working Capital: The working capital - Rs.3434.28 crores as on 31.03.2008 to Rs.4122.15 crores as on 31.03.2009; an increase of Rs.687.87 crores; a growth of 20.03%. Resource Deployment: The loan able resources increased because of increase in the owned funds, reserves and additional deposits mobilized; The investments/FDs increased - Rs. 1420.72 crores as on 31.03.2008 to Rs. 1883.20 crores as on 31.03.2009; The investments mainly comprised of

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Profit and appropriations: gross income of Rs.446.45 crores, as against Rs. 332.23 crores in the previous year; The net profit after tax for the year, after making provisions as required under the Multi-State Co-op. Societies Act and Rules, amounted to Rs.92.36 crores as against Rs.40.81 crores in the previous year; Dividend: payment of dividend at 15 %, the maximum permissible as per the Bye-laws of the Bank; Dividend will be payable to the new shareholders enrolled during the year 2008-09 on pro-rata basis. Audit: appointed M/s. Borkar &, Muzumdar, Chartered Accountants as Statutory Auditors; They have conducted Statutory Audit of the Bank and its branches for the year 2008-09; auditors made valuable suggestions during the course of audit, for improvement of the general working of the Bank.

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Inspection by Reserve Bank of India: 25th Statutory Inspection under section 35 of the Banking Regulation Act, 1949 was carried out for the period from 01.04.2007 to 31.03.2008 by Shri P.G.Monachan, Dy.General Manager, Urban Bank Department, Reserve Bank of India. The inspectors have made various suggestions for improvement of your Bank's working. Concurrent Audit and Internal Inspection: Branches falling within the prescribed parameters and the Head Office Departments were covered under concurrent audit as laid down by Reserve Bank of India. The concurrent audit is conducted by qualified external Chartered Accountants. Besides, the internal inspection staff regularly conducts periodical inspection of branches. Total 58 branches and 6 Head Office Departments were covered under Information Systems Audit for the year 2008-09, out of which 18 branches were audited by Internal IS Audit Department and for remaining 40 branches and 6 departments, external IS Auditors were appointed by your Bank.

Business Developments : 

Business Developments Merger & Acquisitions: Shree Krishna Sahakari Bank Ltd. Vadodara was merged with Bank on 19th June, 2008; The merger of Janatha Co. Op. bank Ltd. Udupi has been effected on 20th August, 2008; The Manekchowk Co. Op. Bank Ltd., Ahmedabad merged on 16th October, 2008 The merged Janatha Co. Op. Bank Ltd., Udupi and Manekchowk Co. Op. Bank Ltd., Ahmedabad were having impairment (negative) of Rs. 147.74 lacs and Rs. 1041.92 lacs respectively Opening of New branches: Bank has opened five new branches at Ghansoli (02.10.2008), Nagpur (20.10.2008), Kamothe (03.11.2008) Aurangabad (08.11.2008) Bhayandar (09.02.2009).

Customer Services : 

Relocated Thergaon and Khadki branches at Mumbai, Dahisar branch has started operations on 05.03.2009 Received approval from Reserve Bank of India for opening of new branches at Nashik, Panvel, Dombivli (East), Mira Road and Kalyan (West), Ghodbunder Road(Thane),Badlapur, Chembur, Sea Wood (Darave), Chakan, Virar and Kankavli. On 23rd March, 2009 Pimpri Branch was shifted to new spacious premises at Sunshine Marks, Ground Floor, Corporation Chowk, Old Mumbai-Pune Road, Pimpri, Pune- 411018. ATM has been installed at Paud Phata, Wagholi and Wadala branches. Provision of ATM at Worli branch is under process. Renovated Nehru Nagar branch premises. Customer Services

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Technology related initiatives: extended the ATM network to 6000 plus branches all over India to avail ATM facility of big Banks like Bank of India, IDBI Bank and AXIS Bank and some other banks; Bank has installed 50 ATMs including two ATMs in some branches. Extension of service window for RTGS transaction: RBI has increased the timing for RTGS transactions, which has been implemented Introduction of Foreign Exchange Services: opened three foreign currency accounts in USD, GBP, EURO with Bank of India, New York, London & Paris branches. total foreign exchange business turnover - Rs.29.84 Crores to Rs.85.80 Crores showing a percentage growth of 287.53%. Bank earned an income of Rs. 153 lacs and is having NRI deposits of Rs.248.60 lacs.

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Marketing & Publicity: Khel Mandiyela : Mr. Adesh Bandekar an eminent Marathi T.V. star continued to work as Brand Ambassador . Mr. Adesh Bandekar conducted his famous programme of "Khel Mandiyela" at Aurangabad on 8th November, 2008, at Bhayander on 9th December, 2008 and at Dahisar on 5th March, 2009. Insurance Coverage: Bancassurance - Corporate Agency With L.I.C. of India : with effect from 25.02.2009 bank has taken Corporate Agency of Life Insurance Corporation of India. The different policies offered by L.I.C. of India, a prestigious institute, will now be available through different branches of your Bank. Bank has introduced Group Insurance Scheme for eligible saving accountholders w.e.f. 5th May,2008. eligible saving accountholders will be insured for Rs, 1,00,000/- (Rupees One Lac only) by paying just Rs.360/- yearly premium. covers risk of accidental as well as natural death. only self-declaration of good health is enough.

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Interest Rates on Deposits and Loans & Advances: An upward revision in interest rates of term deposits was made in July 2008 and October 2008. Also an additional interest on bulk deposits of Rs. 15.00 lacs. There was downward revision in interest rates of deposits and additional interest on bulk deposits was discontinued w.e.f. I" February, 2009. Interest rates on Housing Loans were revised in May 2008. Permitted to grant housing loans to individuals upto a maximum of Rs.50.00 lacs per beneficiary of a dwelling unit. Interest rates for Export Credit was fixed in August 2008 and further revision in interest rates on Export Credit was made in January 2009. Staff Training: conducted 69 training programmes for 1542 staff and officers of the Bank covering various subjects viz. Credit, Marketing, Foreign Exchange business, Omni, IS Policy Awareness Programme etc. special 6 training programmes at Udupi and 9 training programmes at Pune.

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conducted induction training programme for newly recruited staff. conducted 1 training programme for 72 newly promoted officials of Mogaveera Co. Op. Bank Ltd. 2 training programmes for 82 staff members of National Co. Op. Bank Ltd Members' Welfare Fund. financial assistance amounting to Rs. 2,71,250.00 was provided to the members for medical treatment and for facilitating participation in sports by members and their family members, out of Members' Welfare Fund. Educational Prizes: The children of shareholders and staff members, securing first class at SSC/HSC Boards and University degree examinations for the academic year ending March 2008 were awarded educational prizes for their meritorious performance. In all, 944 prizes amounting to Rs. 8,03,750.00 were awarded by your Bank. The list of candidates who have topped different categories is given separately.

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Sports Club: Abhyudaya Bank Sports Club held Carrom & Chess tournament for staff on 4th October, 2008 at Parel Branch. organized Cultural Competition, for staff and their spouse/ children, on 13th November 2008 in Parel. special ladies program of Haldi-Kunku was organized. Annual Athletics meet for staff, their Spouse and Children was held on 10th March,2009 in Lower Parel. Badminton and Table tennis matches were also played on the same day. Inter-Branch Cricket tournament was organized on 6th March, 2009 at Veer Ramesh Dadkar Maidan, Matunga. Annual Prize distribution function was held at Bunt Sangh Hall, Kurla on 18th April, 2009.

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Investments: The Bank has an investment of Rs. 55.00 Lakhs in the share capital of Apex Co-operative Bank Ltd. "Profit on Sale of Investments" of Rs. 3663.03 Lakhs is net of profit earned on sale of Investments and loss on sale of Investments in AFS category of Rs. 3698.08 Lakhs Discount accrued on Treasury Bills amounting to Rs. 31.52 Lakhs is disclosed under "Other assets". Advances: The Bank has written off an amount of Rs.98.77 Lakhs in the current financial year towards bad debts identified by the Management as irrecoverable The Bank has restructured 21 accounts having aggregate outstanding balance as on 31.03.2009 of Rs. 4425.22 Lakhs and has made a provision of Rs. 221.26 Lakhs, @ 5% of the outstanding balance of restructured accounts as on that date.

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"Other Assets" include Land and Building acquired by the erstwhile Manekchowk Co-Operative Bank Ltd., Ahmedabad amountS to Rs. 440 Lakhs . The Bank has an ongoing process of reconciling its balances between the Head Office and its Branches. As at March 31, 2009 the reconciliation difference of Rs. 9.66 Lakhs There have been no fines imposed on the Bank by Reserve Bank of India during the year. There were no major adverse comments made on the Bank by Reserve Bank of India in their Inspection Report till the period ended March 31, 2008. There have been no violations of Single / Group borrower limits prescribed by Reserve Bank of India, by the Bank during the year. Computer Software: Computer Software is capitalized on final approval basis. The cost of Computer Software capitalized is amortised equally over a period of 3 years.

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Foreign Exchange Transactions: Balances in Foreign currency and Forward Exchange Contracts are translated at exchange rates prevailing on the date of transaction. At the year end these balances are revalued at FEDAI closing rates and the difference is accounted for in the profit and loss account. Foreign Bills sent for collection are booked at notional rates determined by the Bank on a quarterly basis Employee Benefits: Provident Fund: Retirement benefit in the form of provident fund is a defined contribution scheme wherein the contributions are deposited with the Regional Provident Fund (P.F.) Commissioner and are charged to Profit and Loss account. Employee Leave Benefits: Compensated absences (i.e. sick leave) and leave encashment benefit, which is a defined benefit scheme, has been provided based on actuarial valuation as at the balance sheet date conducted by an independent actuary. The actuarial valuation is carried out using "Projected Unit Credit Method".

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Gratuity: Retirement benefit in the form of Gratuity is a defined benefit plan. The Bank has Gratuity Fund for its employees under the group Gratuity cum Life Assurance Scheme managed by Life Insurance Corporation of India (LIC) and Reliance Life Insurance Company Ltd.

Primary Data : 

Primary Data No of customers : 600 to 650 in Kanjur branch Departments:

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No. of employees : 30 employees in Kanjur branch 1300 employees overall branch Qualification required: Minimum graduates from any stream. Written test for all employees conducted by Indian Institute of Bank Personnel Service Demat Account : No. But plans to re-open those accounts Future plans : In 2011, business mix of 25000 crore, 15000 crore deposits, 10000 crore Advances, Rules & Restrictions: Understanding, Certain code of conduct, Standing orders to be followed. RBI Guidance Inspection at any time, Simple checking by exchanging notes in a queue line Bundling of notes Investments

Abhyudaya manager : 

Abhyudaya manager