Date of Opening :
The Kanakamahalakshmi Cooperative Bank Ltd was Established on 09.07.1999 at Akkayyapalem, Visakhapatnam.
Board Of Directors
| Board Of Directors |
| Sri. P. Raghunadha Rao B.A., LLB., CAIIB |
Founder Chairman
|
|
| Sri. K. Ram Babu M.Com. |
| Vice-Chairman. |
Directors |
|
| Sri. M. Raghavendra Rao |
| Sri. G. Rama Krishna M.Com |
| Sri. R. Venkateswara Rao |
| Sri. B. Nageswara Rao, B.Com., CAIIB |
| Smt. R. Ratna Kumari |
| Sri. C.P. Rama Rao, B.Sc. |
| Sri. A.V.Ramana, C.A |
| Sri. B.Pullaiah, |
| Sri. S.S.R. Anjaneyulu |
| Dr. Y. Ramesh, M.B.B.S |
| Dr. Moturi Srirama Krishna, M.B.S, M.D. |
| Sri. Ch. Srinadha Venkateswara Rao, M.B.A. |
| Sri. P.Harish, M.B.A. |
| Sri. G.Ramakrishna Prasad(Rambabu) (Co-Opt) B.Com, M.B.A. |
Chief Executive Officer |
| Sri. K. Syam Kishore, M.B.A. |
Membership & Share Capital
The Bank has Share Capital of Rs.2706.89 Lakhs with a Membership of 21538 Members as on 31-03-2019.
Reserves & Own Funds
Capital : Rs. 2706.89 Lakhs
Reserves : Rs. 5860.57 Lakhs
Own Funds : Rs. 8567.46 Lakhs
Deposits
The Bank has a deposits portfolio of Rs. 57444.84 Lakhs as on 31-03-2019 Comprising Fixed, Savings and Current Deposits.
Loans & Advances
With an advances portfolio of Rs.38362.01 Lakhs as on 31-03-2019, the Bank is serving the needs of various segments of society in three Districts through Loans against Gold Ornaments, Housing Loans, Business Loans, Loans to Professionals, Weaker Sections, SSI, Educational Loans and other Priority Sectors.
Total Business
The Bank has turnover of Rs.960 Crores as on 31-03-2019.
No of Branches
The Bank’s branch network stands at 24 spread over Andhra Pradesh State.
Technological Support
- Head Office and Branches are fully Computerised
- All Branches/HO are on CBS platform.
- Currency counting machines are provided
- CC cameras are provided at Head Office and Branches also.
- Bio-Metric attendance recorder introduced
- ATM & IMPS, UPI Facility provided at all Branches
- Bank is participating in CTS –Chennai Grid for Cheque Clearing through IDBI Bank.
- Bank has its own website www.kanakamahalakshmibank.com
Modern Facilities & Customer Service :
- Locker facility at all Branches.
- Online and Any Branch Banking.
- Sunday banking at Head Office & Convenient Working Hours.
- DDs and pay orders at competitive charges.
- Balance enquiry terminal at all branches for viewing balances/account statement.
- RTGS/NEFT facility.
- Personalized Cheque books.
- Deposit insurance cover as per DICGC Norms.
- ATM Debit card with swiping at POS and e-commerce facility.
- Mobile Banking / IMPS.
- Unified Payment Interface / UPI.
- AEPS(Aadhaar Enabled Payment System) & NACH.
- Transactional Alerts.
- Bank has its own website : www.kanakamahalakshmibank.com
Regulatory Compliance
The Bank functions under the direct control of Reserve Bank of India and has complied with all Regulatory requirements.
Audit Grading
Since inception the Bank is getting “A” Grade Consistently in statutory Audit.
Own Building
The Bank has its own buildings at Akkayyapalem, Visakhapatnam and Palakol (W.G.District)
Dividend %
15% paid as on 31.03.2019.
CRAR
The Bank has a comfortable CRAR of 15.91 % as on 31.03.2019 as against the statutory minimum Requirement of 9%.
Management
The Bank’s Board consists of a former High Court Judge, Three Professional Bankers, One Chartered Accountant and Enlightened business people adhering to the principles of Corporate Governance.
Work Force
The Bank has adequate experienced, well trained and dedicated staff contributing to the progress and development of the Bank.
