• The global economy has been challenged due to the wars and also the tariffs imposed by the USA on all the countries especially China and European countries, an opportunity is in the offing for India as some of the major exporters to the USA i.e. China and south Korea are envisaging to relocate some of the industries to India.
• The commencement of a rate-cut cycle by RBI is expected to drive credit growth in FY’2025-26. This will in turn encourage housing sector since housing loans will be available at relatively lower rates.
• Banks are increasingly leveraging technologies like Artificial Intelligence (AI), Machine Learning (ML), the Unified Payments Interface (UPI), and sophisticated digital platforms to enhance operational efficiency, improve risk management, and deliver superior customer experiences.
• Among the key drivers on demand side, household consumption is expected to remain upbeat aided by the tax relief measures announced in the Union Budget 2025-26, cooling inflation supported by rate cuts by RBI, which in turn will

• • The Share capital and Reserves/surplus of your bank have increased during the FY 2024-25 to Rs.801.46 Lakhs as against Rs.755.33 lakhs during previous FY 2023-24.
  • The face value of the investments of your bank stood at Rs.1905.29 for the FY2024-25, and the capital to risk weighted ratio (CRAR) has stood at 25.79% as against the statutory requirement of RBI of only 9.0%
  • The Deposits of the Bank have registered a nominal growth and the figure for the FY 2024-25 stood at Rs.4929.02 Lakhs inspite of general economic slowdown and witnessing of lowered growth rate during FY 2024-25 in the overall banking system.
  • The Loans and Advances of the Bank have registered a nominal growth and the figure of Rs.3348.19 Lakhs for FY 2024-25 as compared to previous year figure of Rs. Rs.3215.72 Lakhs for FY 2023-24.
  • Priority sector lending of the Bank stood at 72.70% as against the minimum stipulated norm of 60% as per RBI latest guidelines, and weaker section was 19.09% as against RBI norms of 12% and Micro enterprises was 47.70% as against RBI norms of 7.5%. The Unsecured loans constituted only 0.1% of the total assets as against stipulated norms of not exceeding 10% of total assets. I am also pleased to inform that your bank has registered a zero percentage of gross as well as Net NPAs, due to good asset quality and healthy bank credit and continuous follow up for recoveries.
  • The profit before tax for the Financial Year 2024-25, stood at Rs.81.05 Lakhs which is Rs.10.45 lakhs more than last year’s profit of Rs.70.60 lakhs. (After absorption of additional expenditure of Rs.18 lakhs on account of expenditure of Attapur Branch for full year and other expenditure In head office)./li>
  • The deposits have been insured for the entire deposits level and DICGC cover obtained up to 5.00 lacs individually as per DICGC norms.
  • The Business per employee stood at Rs.517.33 lakhs and profit per employee Rs.3.58 lakhs

Declaration of Dividend: The Bank has been paying dividend consistently every year. Keeping in line the consistency levels, the Board of Directors have recommended/proposed a pro-rata dividend @10% for approval of members of General Body.

• The core Banking solution (CBS) has been upgraded to Easy core version 14.03.01.4 to accommodate Digital transactions and many other requirements as per RBI norms.
• ATM Network which was established with the entire Network of Axis Bank ATM’s Free of charge and with nominal fee with all other ATMs of any Bank, any where in India is working smoothly without any sort of hinderances.
• Immediate credits to the accounts with nominal charges is available in case of NEFT / RTGS transactions
• Online purchase and Bill Payment POS / Ecom facility which was established with network of NPCI through RUPAY Debit cards is working well without a single complaint.
• Disaster Management which was set up earlier and Cyber Security Norms established are completely as per RBI norms.
• Instant SMS Alert facility established for all customers free of charge gives information of alerts on your mobile instantaneously of all credit and debit transactions in your account.
• The clearing of CTS cheques both outward and inward has been tied up with NPCI through HDFC Bank.
• Your Bank is classified as “Class-A” Bank by the Auditors.

• It is our pleasure in mention that our Attapur Branch, which was opened in October 2023 is now turned around within one and half year and became a profit generating branch.
• However, our Malakpet branch, though it was opened in September, 2015, is still continuing in losses. We are making all out efforts to make the branch a profitable one.
• With a future focus on quality lending, backed by good security, we have already introduced specialized rates at a very competitive rate on Housing Loan up to 25 lakhs and above 25 lakhs at 10% pa and 11% respectively which will not only augment the housing sector which is a priority for every individual but will also expand further growth in business & profitability.
• We have started the process of setting up of our digital platform with advanced systems like Mobile App. / UPI G-pay, Phone Pay Etc. The facilities will be made live within a short period.
• Will Ensure to Maintain ZERO NPA level.
• ABOVE ALL YOUR BANK REMAINS COMMITTED TO INCORPORATING PRINCIPLES AND PRACTICES THAT PROMOTE SUSTAINABLE BANKING OPERATIONS.