Annual General Meeting – 28th August, 2022

Annual General Meeting of the Bank was held on 28th August, 2022 and Dividend at 15% for FY 2022 has been declared by the Bank on the occasion.

Agrasen Bank is a leading co-operative Bank in Hyderabad with its operations driven by a cutting edge Banking IT platform designed specifically for co-operative sector. The Bank offers personalized banking and financial solutions to its clients in the retail and corporate banking arena through its four branches spread in prominent business areas of Hyderabad and Secunderabad.

Agrasen Bank, a small Cooperative Bank, which started its journey way back in 1998 with Rs.0.89 Crores Share Capital and Rs.3.04 Crores Deposits has now became a big tree of prosperity touching and enlightening the lives of people, reaping rich dividends from its fruits with Rs.2232.25 Lakhs Share Capital and Rs.54741.36 Lakhs Deposits as on 31/03/2022

The bank believes in orienting its business in line with the needs of its people, the environment and the community at large. The Bank is bound by the guiding principles of honesty, sincerity, confidence and service. It places people before power and treats everyone on par irrespective of caste, creed or colour.

The bank has achieved great heights due to the trust and confidence reposed in it by the people and patrons.

Few Highlights are:

Financial Position

Particulars	31/03/2019 (Rs. in Lakhs)	31/03/2020 (Rs. in Lakhs)	31/03/2021 (Rs. in Lakhs)	31/03/2022 (Rs. in Lakhs)	Increase / Decrease in %
Share Capital	2225.03	2247.71	2240.89	2232.25	-0.39%
Deposits	42426.13	45559.06	52794.32	54741.36	3.69%
Advances	28946.82	32038.37	33866.21	37160.99	9.73%
Reserves	2814.43	2950.05	3467.53	4495.37	29.64%
Total Income	4414.90	5233.12	5700.75	6006.94	5.37%
Net Profit before Income Tax	968.88	1207.81	1214.88	1128.40	-7.12%
Net Profit after Income Tax	701.75	902.95	908.16	840.89	-7.41%
Total Business	71372.95	77597.43	86660.53	91902.35	6.05%
CRAR	15.75%	16.54%	17.10%	17.43%	RBI Stipulation minimum 9%
CD Ratio	68.23%	70.32%	64.15%	67.88%
CASA %	16.57%	15.32%	13.92%	15.43%
Net NPA%	Nil	Nil	Nil	1.78%	--