Chairman’s Note – TIRUMALA CO-OPERATIVE URBAN BANK LTD

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CHAIRMAN’S REPORT TO THE SHAREHOLDERS

I warmly welcome you all to the 27th Annual General Meeting of our esteemed Bank on behalf of the Board of Directors.

Today, I have the privilege of presenting the 27th Annual Report, which includes the Audited Accounts as of 31st March 2025, the Profit and Loss Account for the Financial Year 2024-2025, and the Statutory Auditors’ Report for the corresponding year.

BANKING SCENARIO :

The financial year 2024-25 has been a period of recovery for the banking sector, particularly for Co-operative Banks, following consecutive epidemics. As the economy gradually recovers from the pandemic’s disruptions, the banking industry is also showing signs of revival. While deposit growth has been robust, advances have also shown positive trend. Despite these industry-wide challenges, our Bank has demonstrated commendable performance, particularly in the growth of deposits and advances.

These are captured in the table below :

Particulars	AS on 31.03.2025	AS on 31.03.2024	Growth	Growth%
Deposits	4470.87	4253.49	217.38	5.11
Advance	2906.46	3156.59	-250.13	-7.92

Our Bank has made significant strides in recovering NPAs, maintaining a healthy portfolio with substantial recoveries. As of 31st March 2025, the Net NPA’s (Gross NPA Less Provision for NPAs) stands at a 0.38% of Net Advances.

NETWORTH :

The net worth of the Bank as of 31st March 2025 stood at Rs. 550.94 Lacs.

MEMBERS & SHARE CAPITAL :

The share capital as on 31-03-2025 stood at 318.83 lakhs.The detailed list is provided in annexure-A and request the general body to confirm and rectify.

The admission and redemption of members in Share Capital areas follows.

S.No.	MembershipoftheBank	NoofShareHolders	ShareAmount
1	@Beginning of the year (01-04-2024)	2955	3,03,05,300
2	Admitted during the year	126	22,87,100
3	Redeemed during the year	65	7,09,100
4	@End of the year (31-03-2025)	3016	3,18,83,300

LOANS & ADVANCES :

Our Bank has sanctioned a significant amount in loans and advances from 1st April 2024 to 31st March 2025. We request the general body to confirm and rectify these details.

S.No	TypeofLoans	NoofA/cs	Loan Amount
1	Cash Credit & Overdrafts	2	2.50
2	Deposit Loans	32	432.50
3	GoldLoans	89	168.79
4	OverDrafts	12	276.36
5	Personal Loans	3	4.50
6	Secured Overdrafts	11	285.50
7	STML	41	523.00
	TOTAL ADVANCES SANCTIONED	190	1693.15

NPA ACCOUNTS :

The statement of NPA Accounts is placed in the website.

INVESTMENTS :

Our Bank has made investments in SLR and Non-SLR Deposits during the year 2024-2025.

We request the general body to approve/ratify these investments

I. i.	SLRInvestments: Govt.Securities (heldtomaturity)	789.29
II.	NonSLR/OtherInvestments(Depositswithotherbanks):
i.	Deposits withIDBIBank.	213.58
ii.	Deposits withSVCBank	210.00
iii.	Deposits with AXIS Bank	55.00
iv.	Equitas Small Fin Bank	105.00
v.	IDFC Call Money	210.00
VI	Equitas Small Fin Bank	245.00
Vii	SBI	150.00
	TotalDeposits	1188.58

Bank has provided necessary amortization of premium on GOI Securities (wherever applicable) as per the extant RESERVE BANK OF INDIA guidelines. There are no defaults in interest receipts from GO securities.

INSURANCE :

We have renewed our Bankers Indemnity Policy and the General Insurance Policy on fixed assets. We have also paid the insurance premium to DICGC Ltd., ensuring that deposits up to Rs. 5.00 lakh are covered.

New Branch & ATMs :

We have opened one more Branch at Santhosh Nagar and planning to install ATM soon .The new branch has been performing well and contributing positively to our business.both ATM’ s are functioning smoothly ,providing convinient services to our customers

Digital Products :

Our Bank has commenced UPI mobile banking operations, and utilisation of service is picking up.Immediate Payment Service(IMPS) is active,and payments through QR code are operational.

Customer Services :

We encourage all members to avail of the nomination facility if they haven’t already, register their mobile numbers and email IDs to receive SMS alerts for transactions and important communications, and dial our customer contact number (9494184061) for resolving queries on products and services.

You may please Advise bank about disposal of term deposits on maturity. You are requested to Send feed back to improve products/services on e-mail or by post at Bank’s address.

Legal heirs of deceased members are requested to submit the share certificate/s along with claim form to the Bank for settlement of claims.

Transfer of Unpaid Dividend to Reserve Fund :

As per the co-operative Act and our bye-laws (Bye Law No 44 Page No 30&31), any dividend remaining undrawn for three years after being declared shall be forfeited and carried to the Reserve Fund of the Bank. Any unpaid dividend falling in the above category will be transferred to the Reserve Fund of the Bank.

Comparative Performance of the Bank :

We have prepared a comparative performance report of the Bank for the years ending 31.03.2023 and 31.03.2024. The details are as follows

COMPARATIVE PERFORMANCE OF THE BANK :

S.No.	Particulars	Year Ending 31.03.2023	Year Ending 31.03.2024
1.	Deposits	3291.92	4253.49
2.	Advances	2401.91	3156.59
3.	Paid-up Capital	223.22	303.05
4.	Reserves	213.48	241.91
5.	Provision for Doubtful Debts	73.44	101.14
6.	Net Worth	436.70	546.39
7.	Working Capital	3754.23	4865.20
8.	Net Profit	43.75	51.51
9.	Gross NPA	91.34	121.78
10.	Net NPA	0.77	1.23
11.	CRAR	21.16	21.43

APPROPRIATION OF PROFITS :

I am happy to inform the share holders that your Bank has posted a Net Profit of Rs 51,50,494/-for the year ending 31-03-2024 an increase of 7.44 % over the previous year’s Net Profit.

And, it is proposed to appropriate the profit (as per Bye-Laws) for the year ending 31-03-2024 as under and the members are requested to approve the same.

SNO	Particulars	Amount(inRs)
i	Net Profit as per the Audited Balance Sheet	51,50,494
ii	25% transferred to Statutory Reserve	12,87,624
iii	1% transferred to Education Fund	51,505
iv	5% transferred to Bad and Doubtful Debts Reserve	2,57,525

D E A F ACCOUNTS :

Reserve Bank Of India has introduced “Depositor Education Awareness Fund Scheme “wherein all the Banks are advised to transfer the balances lying in all type of deposit accounts where there are no operations for the last 10 years to a specified account being maintained by Reserve Bank Of India. This scheme has come into effect from 1st July 2014. Our Bank has complied with the same and the balances in all such accounts were transferred to the specified a/c. and the balance as on 31-03-2024 stood at Rs 9,41,149/-.

TAX DEDUCTION AT SOURCE :

Depositors, irrespective of the fact that they are Share Holders or not, TDS has to be deducted in case the interest paid on the Deposits exceeds Rs.40,000/-in a financial year. For senior citizens, this limit has been increased to Rs.50,000/-.

ACKNOWLEDGEMENTS :

On behalf of the Board of Directors I express my grateful thanks for the guidance and co-operation extended by the Officials and staff of Reserve Bank Of India, Central Office, Mumbaiand Regional Office, Hyderabad, The Commissioner for Co-operation and Registrar for Co-operative Societies, Govt.of Telangana, Dist.Co-op.Officer, Hyderabad (Urban) and Divisional Co-opOfficer, Golconda Division, Hyderabad.

On behalf of the Board of Directors I would like to express sincere thanks to the Urban Banks Federation for their guidance and support.

On behalf of the Board of Directors I express sincere thanks to IDFC Bank, Axis Bank, IDBI Bank, HDFC Bank, Jana Small Finance Bank, Equitas Small Finance Bnk and SVC Bank Ltd. for their cooperation. On behalf of the Board I thank the Statutory Auditors M/s P Krishnaiah& Co., Chartered Accountants for the smooth conduct of the audit and guidance.

My heart felt thanks to all the stake holders, share holders, depositors and other customers and well-wishers for their patronage and faith reposed on the Bank.

I thank all the staff members of the Bank for the good services rendered by themwith an appeal to work hard to carry the Bank to greater heights.

Lastly, I thank my Co-directors in the Board for their co-operation and the confidence reposed on me.