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Financials

Overview

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.2284.49 Lakhs Share Capital and Rs.59243.82 Lakhs Deposits as on 31/03/2024.

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 31/03/2022 (Rs. in Lakhs) 31/03/2023 (Rs. in Lakhs) 31/03/2024 (Rs. in Lakhs) Increase / Decrease in %
Share Capital 2232.25 2240.22 2284.49 1.98%
Deposits 54741.36 56840.71 59243.82 4.23%
Advances 37160.99 38586.05 36518.73 -5.36%
Reserves 4495.37 5006.48 5413.26 8.13%
Total Income 6006.94 5820.01 6154.30 5.74%
Net Profit before Income Tax 1128.40 1007.76 1150.72 14.19%
Net Profit after Income Tax 840.89 752.94 859.41 14.14%
Total Business 91902.35 95426.76 95762.55 0.35%
CRAR 17.43% 17.91% 19.06% RBI Stipulation minimum 12%
CD Ratio 67.88% 67.88% 61.64%
CASA % 15.43% 17.71% 17.49%