The Gayatri Coop. Urban Bank Ltd., Jagtial, Dist. Jagtial (T.S) established in 2000 year as a Unit Bank at Jagtial in erstwhile Andhra Pradesh at that time, present Telangana State. The Bank has started functioning from 11-09-2000 with RBI License No. UBD/HYD/AP/26P/24-05-2000.

Initially we have started with Rs. 25,11,000/- share capital from 1008 members as a Unit Bank. Simultaneously we have extended our Area of Operation to entire Telangana State and now our Bank is registered under Multi State Cooperative Societies Act, 2002, as a Multi-State Cooperative Bank with the Registration No. MSCS/CR/1290/2019, Dated: 23-08-2019.

The main objective of the Bank is to cater to the Banking needs of the Poor, Middle, Rural, Semi Urban and Urban people and also take care of the Banking Needs of the Business People through quick, prompt & transparent services.

The situation, when we started the Bank, the general Co-operative Banking scenario has witnessed failure of many Co-operative banks and loose of faith in the system by public, who were not willing to patronage Co-operative Banks because of their past performance. Though we have witnesses such situation in our initial period of establishment, we with our sustained efforts and backed by good customer service could still create a name for ourselves in our Area of Operation.

For the first 8 years we had worked as only unit Bank. However with the liberalization of Branch Licensing policy of the RBI in 2008 Year, for Branch expansion in Co-Operative sector, which encouraged branch expansion for the performing Co-Operative Banks, we could get 2 Licenses for Opening of new branches during the Financial Year 2008-09, thereby increasing our strength to 3 Branches.

Year on Year we are applying for new Branches and establishing the same with the permission of Reserve Bank of India. Through entering into new locations and acquiring more customers, we are making efforts to stabilize our growth Year on Year, and we could reach to 23 Branches as of now in which 21 Branches in Telangana State and 2 Branches in Andhra Pradesh State.

With the active support and guidance of the Reserve Bank of India, we could continuously perform well and also continued to introduce many new initiatives over a period of time. Sri Vanamala Srinivas took charge as CEO on 31-08-2000 and the Bank started functioning w. e. f. 11-09-2000 with 25 Lakh Share Capital and zero Business.

When the Bank commenced its operation, the general Co-operative Banking scenario was witnessing failure of many Co-operative banks and loss of confidence in the system by public, who were not willing to patronage Co-operative Banks.

  • The main challenge then was how to earn & pay the salaries to the Employees and meet day to day expenses in running the organization, and to gain public confidence to make them come to the Bank and utilize Banking Services.
  • The CEO struggled a lot and initiated many steps and introduced various customer centric services like extended Business Hours and issuance of DD/PO at nominal cost. Gradually with perfect planning, implementation and team work, the Bank started getting growth in Business and income. At the end of the First Financial Year the Deposits of the Bank were Rs. 73.16 Lakh and Loans Rs. 47.80 Lakh, Income: Rs. 7.24 lakes, Expenditure Rs. 6.60 Lakes and recorded a Profit of Rs. 0.64 lakes.
  • Though he had witnessed such situation at the initial stages of the Bank, with sustained efforts could still create a name for the Bank in the Area of Operation.
  • Established as a last Co-Operative Urban Bank to get a License from Reserve Bank of India, in erstwhile Andhra Pradesh State, with in the span of 21 Years, he made efforts to take the Bank to 2nd position based on the Business in Telangana State, and 3rd Position in erstwhile Andhra Pradesh, among 49 Cooperative Urban Banks operating in Telangana, and 46 Banks in Andhra Pradesh, with integrity, technology adoption, customized products and services etc.,

Major Projects

Introduction of Technology Based Services:

Even though the Bank is a small Co-Operative Urban Bank, we had introduced the following Technology Based services not only to attract new customers but also to retain the existing customers with periodic updates.

  • AePS (Aadhaar enabled Payment System) Services
  • Banking Correspondents
  • Unified Payments Interface(UPI) Services
  • Mobile Banking with IMPS services
  • RuPay Debit Card Facilities
  • NACH Credit & Debit Facilities
  • RTGS/NEFT Services
  • Tollfree Banking Services
  • Established 55 Onsite ATM’s
  • Aadhaar Payment Bridge System
  • E-Statement System to Customers

Branch Expansion:

The Bank started functioning from 11-09-2000 and till 2009, the bank was a unit Bank.

When the Reserve Bank of India liberalized Branch Authorization policy, we have started establishing new Branches with the permission of Reserve Bank of India. Established 23 Branches at potential locations in Telangana & Andhra Pradesh State from 2009-10 to 2020-21.

Customer Friendly Services:

From the beginning, our strategy towards customer services is to provide quick, prompt and efficient services at low cost to the customers. With that service motto, could get 6,23,298 clientele base as on 31-03-2021, within the span of 21 years of establishment.

Diversification of Loan Products:

We formulated diversified Loan products which suits different sectors of the Society for their economic growth. There are various Loan Products formulated to finance various needs of Customers, at very competitive interest rates on loans & Advances, on par with Nationalized Banks, the rates are far below the rates offered by other Co-Operative Banks operating in the area.

Acquiring More Customers & CASA

Maintained 34.91% CASA out of Total Deposits for the Financial Year 2020-21.

Charges Free Banking:

We had introduced charges free Banking policy, to make them free from the doubt of hidden charges levied in their accounts.

Cash full ATM Services:

Established 55 Onsite ATM’s at 23 Branches. Keeping in view of current market scenario, we had taken several steps to mitigate the cash problems through ATM’s.

Established Special ATM’s for Women:

Established Special ATM for Women, where only women are allowed to transact with this ATM which is placed separately. There is good response for this ATM, the women customers are feeling comfortable & are very happy about the exclusive ATM, by which they can conveniently and quickly withdraw cash.

Launched UPI, Mobile Banking and IMPS facilities:

Got Mobile Banking License from Reserve Bank of India being the first Non Scheduled Bank in India. And successfully on boarded UPI, IMPS and Mobile Banking services.

Card Services:

Launched “RUPAY Classic Card” & “RuPay Platinum Card” Services and issued 1.57 Lakh Cards so far.


Got Membership in NACH and providing NACH Credit and Debit facilities to customers and trying motivate the Customer to move to the eco-friendly digital transactions.

Merger of other Banks:

With technology adoption, Systems & Procedures modulation and Policies implementation, growth in Business, Branches etc., a profit earning Mahila Co-Op Urban Bank impressed with our growth and services, offered to merge their unit Bank called “Samatha Mahila Co-Operative Urban Bank Ltd.,” situated at Dilsukhnagar, Hyderabad with us and accordingly with the permission of Reserve Bank of India, we acquired the “Samatha Mahila Co-Op Urban Bank Ltd.,” with our Bank successfully from 01-03-2016 as our 14th Branch at “Dilsukhnagar, Hyderabad”.

At the time of merger the Business of the Samatha Mahila Bank was Rs. 22.64 Crore. After functioning as our Dilsukhnagar Branch with effect from 01-03-2016, we made efforts and reached the Business of Rs. 12745.90 Lakh as on 31-03-2021, within a span of 5 Years, with the same employees who worked previously in Samatha Mahila CUB.

We also acquired “Bhimavaram Co-Op Urban Bank, Bhimavaram, Andhra Pradesh” which is a loss Bank, with the permission of Reserve Bank of India. The Bhimavaram CUB was merged with effect from 05-09-2019. We are making efforts to build the confidence among the people and get business there. The two Branches acquired are crossed Break Even and gained profits as on 31-03-2021.

Position of the Bank:

Established as last Co-Operative Urban Bank to get a License from Reserve Bank of India in erstwhile Andhra Pradesh State. With our relentless efforts, the Bank could reach to 2nd position, based on the Business out of 49 Cooperative Banks in Telangana.

The Growth of the Bank in various financial parameters from last 4 Years is as follows:

Growth of Deposits during last 4 Financial Years is: 106.59%

Particulars 2018-19 2019-20 2020-21 2021-22 2022-23 Last 4yrs Growth
In Amount In%
Demand Deposits 26128.35 30324.38 35243.15 43531.5 49004.86 22876.51 87.55%
Time Deposits 37845.12 51647.89 65701.65 72560.66 83160.63 45315.51 119.74%
Total Deposits 63973.47 81972.27 100944.8 116092.16 132165.49 68192.02 106.59%
Growth in Amount 15636.51 17998.8 18972.53 15147.36 16073.33 ~ ~
% of Growth 32.35% 28.13% 23.15% 15.01% 13.85% ~ ~
Recorded 13.85% of growth of Deposits over last Financial Year, reached to Rs. 1321.65 Crores Deposits by the end of 31-03-2023.

Loan Advances

Growth of Loans during last 4 Years is: 119.18%

Particulars2018-192019-202020-21 2021-222022-23Last 4yrs Growth
 Growth  In% of Growth
Loans & Advances43227.4653974.4966056.5479683.6794744.3251516.86119.18%
Growth in Advances12054.4210747.0312082.0513627.1315060.65~~
% of Growth38.67%24.86%22.38%20.63%18.90%~~


Growth of Investments during last 4 Years is:103.72%

Particulars 2018-19 2019-20 2020-21 2021-22 2022-23 Last 4yrs Growth
Amount % of growth
Investment 17820.15 25195.31 31390.24 36652.93 36302.52 18482.37 103.72%
Growth in Amount 4020.16 7375.16 6194.93 5262.69 -350.41 ~ ~
% of Growth 29.13% 41.39% 24.59% 16.76% -0.96% ~ ~
Reached to Rs. 363.02 crores Investments by the end of 31-03-2023.


Growth of Business during last 4 Years is: 111.67%

Particulars 2018-19 2019-20 2020-21 2021-22 2022-23 Last 4yrs Growth
Growth in Amount % of growth
Business 107200.93 135946.761 167001.34 195775.83 226909.81 119708.88 111.67%
Growth in Amount 27690.93 28745.8313 31054.58 28774.49 31133.98 ~ ~
% of Growth 34.83% 26.81% 22.84% 17.23% 15.90% ~ ~
Recorded 15.90% of growth of Business over last Financial Year, reached to Rs. 2269.09 crores  Business by the end of 31-03-2023

Clientele Base

Growth of Clientele Base during last 4 Years is:34.99%

Particulars 2018-19 2019-20 2020-21 2021-22 2022-23 Last 4yrs Growth
Growth  in Clientele Base % of Growth
Clientele Base 511027 549020 623298 646921 689841 178814 34.99%
Growth in Clientele Base 124479 37993 74278 23623 42920 ~ ~
% of Growth 32.20% 7.43% 13.53% 3.79% 6.63% ~ ~
Recorded 6.63% of growth in Clientele Base over last Financial Year and reached to 689841 Clientele Base by the end of 31-03-2023.

Share Capital

Growth of Share Capital during last 4Years is: 32.72%

Particulars 2018-19 2019-20 2020-21 2021-22 2022-23 Last 4yrs Growth
Growth  In % of growth
Share Capital 4395.98 5126.56 5051.39 5348.17 5834.39 1438.41 32.72%
Growth in Amount 2149.09 730.58 -75.17 296.78 486.22 ~ ~
% of Growth 95.65% 16.62% -1.47% 5.88% 9.09% ~ ~
Recorded 9.09% of growth in share capital over last financial year and reached to Rs. 58.34 crores of share capital by the end of March 2023

Branch Expansion

Growth in Number of Branches during last 4 Years is: 9.52%

Particulars 2018-19 2019-20 2020-21 2021-22 2022-23 Last 4yrs Growth
No. of Growth  % of growth
No.of Branches 21 23 23 23 23 2 9.52%
Growth in Branches 0 2 0 0 0 ~ ~
% of Growth 0.00% 9.52% 0.00% 0.00% 0.00% ~ ~
As new Branches Licensing was stopped by RBI, there is no growth in Number of Branches over last Financial Year, and is stable at 23 Branches by the end of 31-03-2023. And RBI has granted permission for establishment of 7 branches for the financial year 2022-23 and 12 branches for the financial year 2023-24. We are going to establish these 19 branches during this financial year 2023-24.

ATM Expansion

Growth in Number of ATM’s during last 4 Years is: 25.00%

Particulars 2018-19 2019-20 2020-21 2021-22 2022-23 Last 4yrs Growth
Growth in No’s % of growth
ATM on site 44 49 55 55 55 11 25.00%
Growth 9 5 6 0 0 ~ ~
% of Growth 64.29% 25.00% 17.14% 0.00% 0.00% ~ ~
Recorded 0.00% of growth in number of ATM Machines over last Financial Year, and established to 55 ATM’s by the end of 31-03-2023.


Growth of Income during last 4 Years is: 87.87%.

INCOME2018-192019-202020-212021-222022-23Last 4yrs Growth
Growth % of growth
Total Income6921.139317.3711219.1412003.9813003.046081.9187.87%
Income growth in Y/Y2005.142396.241901.77784.84999.66~~
% of Income Growth40.79%34.62%20.41%7.00%8.33%~~

Employment Generation

Growth in Employment during last 4 Years is: 43.83%.

Particulars2018-192019-202020-212021-222022-23Last 4yrs Growth
Growth in No’s% of growth
No. of Employees1621711912212337143.83%
Growth in No. of Employees1423203012~~
% of Growth9.46%14.20%11.70%15.70%5.43%~~

Growth in Per-Employee Business during last 4 Years is: 47.17%.


Particulars2018-192019-202020-212021-222022-23Last 4yrs Growth
Growth in Amt% of growth
Business per employee661.73793.01874.35885.76973.86312.1347.17%
Growth in Amount124.51131.2881.3411.4188.10~~
% of Growth23.18%19.84%10.26%1.30%9.95%~~


Growth in Net-worth during last 4 Years is: 101.52%.

Particulars 2018-19 2019-20 2020-21 2021-22 2022-23 Last 4yrs Growth
Growth in Amt % of growth
Net worth 5473.59 7462.14 7759.68 9560.49 11030.48 5556.89 101.52%
Growth in Amount 2507.96 1988.55 297.54 1800.81 1469.99 ~ ~
% of Growth 84.57% 36.33% 3.99% 23.21% 15.38% ~ ~
Recorded 15.38% of growth in Net Worth over last Financial Year, reached to Rs. 110.30 Crore Net Worth by the end of 31-03-2023.

Asset Quality

Gross NPA as on 31-03-2023: 1.91% and Net NPA for the Financial Year 2022-23 is: 0.00%

Capital Adequacy

CRAR as on 31-03-2023: 13.13%, which is well above the regulatory minimum requirement of 9% and as per rules for Financially Sound &
Well Managed Banks, minimum CRAR requirement is 12%.

Demonetization Crisis

During the demonetization period, since we have 3 Lakh above customer base we have also experienced the rush. But, without causing inconvenience to the customers, we made arrangements to accept the deposits made by all the people by arranging special counters etc.,

The demonetization has also resulted in currency shortage at all centers and Banks. However we ensured to provide uninterrupted ATM Services at all our Branches and also made available cash across counters to all the Customers. Our ATM’s with continuous availability of cash was also appreciated many times at all centers and was also covered extensively by the electronic and print media highlighting our services.

Technology Enabled Services

As the Bank is providing technological services like UPI, Mobile Banking, ATM, RTGS, NEFT, CTS, Aadhaar Payment System, NACH Credit & Debit Systems, CTS Clearing System etc, we have introduced centralized payments systems at Head Office with the expertise team.

Growth in Number of Transactions during last 4 Years in various Technology Based Products are as below:

RuPay Debit Cards

RuPay Debit Cards Active: 65.05%.

RuPay Debit Cards Active: 65.05%.2018-192019-202020-212021-222022-23Last 4yrs Growth
Growth in
% of
No. of cards
Growth in No’s134161311831540904519680~~
% of Growth13.50%11.63%25.05%5.74%11.81%~~

ATM Transactions

ATM Transactions: 

No of Transactions36218384625321474095145618163818061
Amount in Lakhs155618186856219481.06201102.78168022.63

POS Transactions

POS Transactions: 

No. Of  POS
Amount of

Mobile Banking Transactions

Mobile Banking Transactions: 157.77%.

Particulars2018-192019-202020-212021-222022-23Last 4yrs Growth
Growth in
% of
No. of
Amount of
YoY Growth337.86%17.18%54.14%-21.87%7.98%~~

UPI Transactions

UPI Transactions:2301.21%

Particulars2020-212021-222022-23Last 3yrs Growth
Growth in
% of
No. of
Amount of
% of Growth~797.19%90.67%~~

AEPS Transactions

AEPS Transactions:119.81%

Particulars2021-222022-23Last 2yrs Growth
Growth in
% of
No. of Transactions286619630028343409119.81%
Amount of Transactions65878.40167481.34~~
% of Growth~154.28%~~

Aadhaar Mapping Transactions

Aadhaar Mapping Transactions: 53.73%.

Particulars2018-192019-202020-212021-222022-23Last 4yrs Growth
Growth in figures% of growth
No. of
Growth in
% of Growth23.87%16.07%7.40%11.65%10.44%~~

NACH Debit & Credit Transactions

NACH Debit & Credit Transactions: 88.87%.

Particulars2018-192019-202020-212021-222022-23Last 4 Yrs Growth
Growth in
% of
No of
Growth in
% of Growth370.57%3.02%7.18%37.52%-21.06%~~


We are committed to serve our customers in a friendly atmosphere by thinking in customer angle as well as by using latest technology from time to time.


Our vision is to provide economical support to the poor & middle class people all over India by expanding our services to different locations in India and to reach everyone who is in need of Banking Services.


All the above achievements could not have been possible but for the customer’s patronage and the timely help, guidance of the Reserve Bank of India, Central Registrar of Cooperative Societies, Co-Operation Department, Government of Telangana & Andhra Pradesh and under the governance of our Board of Directors and with the support of employees, and we are confident of scaling the new heights in future