Annual General Meeting – 17th September, 2023

Annual General Meeting of the Bank was held on 17th September, 2023 and Dividend at 15% for FY 2023 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.2240.22 Lakhs Share Capital and Rs.56840.71 Lakhs Deposits as on 31/03/2023.

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	31/03/2020 (Rs. in Lakhs)	31/03/2021 (Rs. in Lakhs)	31/03/2022 (Rs. in Lakhs)	31/03/2023 (Rs. in Lakhs)	Increase / Decrease in %
Share Capital	2247.71	2240.89	2232.25	2240.22	0.36%
Deposits	45559.06	52794.32	54741.36	56840.71	3.84%
Advances	32038.37	33866.21	37160.99	38586.05	3.83%
Reserves	2950.05	3467.53	4495.37	5006.48	11.37%
Total Income	5233.12	5700.75	6006.94	5820.01	-3.11%
Net Profit before Income Tax	1207.81	1214.88	1128.40	1007.76	-10.69%
Net Profit after Income Tax	902.95	908.16	840.89	752.94	-10.46%
Total Business	77597.43	86660.53	91902.35	95426.76	3.83%
CRAR	16.54%	17.10%	17.43%	17.91%	RBI Stipulation minimum 12%
CD Ratio	70.32%	64.15%	67.88%	67.88%
CASA %	15.32%	13.92%	15.43%	17.71%