- Best NPA Management at large UCB in 2014-15 by Karnataka State Urban Co-Operative Banking federation, Bangalore.
- Top ranks for 2015-16 in Karnataka state large UCB's category.
- a. 1st in NPA management in less than 1% gross NPA.
- b. 2nd in (PAT) profitability.
- c. 3rd in Net Profit
- d. 4th in deposit base & Business Turnover.
- Winner of FCBA 2016 award for best NPA management by NAFCUB, New Delhi for mid-size Urban Co-op Bank on Pan India basis.
- Winner of Fastest growing Indian Co-operative Bank Award 2016 presented by Indian Organization for Commerce & Industries, New Delhi.
- Winner of the State Federation award for the Highest Turnover on Individual branch award for Basavanagudi branch.
Sri M V Maiya has won the Aryabhata International Award in 2015 for his outstanding contribution to the Fine arts and Co-operative Sector Visions. Since the Bank founded in 1999, the Bank has achieved lot more in development activities such as having own Head office building at Basavanagudi in 2010. Subsequently, due to the huge growth in the business turnover, the H.O activities and branch works were split in 2013 and moved to separate adjacent building at Basavanagudi. After reaching the primary goal of 1000 crores of business; the Bank has ventured into the branch expansion with its Branch at Kanakapura road in 2015. With the tremendous support from the branches, the management has consented for the business expansion further. Under this program, the Bank has received six branch expansion license in the sub urbans of Bangalore city. Till date, the Bank has opened branches at Poornaprajnanagar and Kengeri. The remaining branches at Rajajinagar, Rajarajeshwarinagar, Vidyaranyapura and BTM Layout will come up within this financial year. With this blue print of Business expansion in mind, we are hopeful to achieve Rs.3000 crores of business from these branches together.
With the ambition to bring this Bank to number One position in the state, the Bank has targeted FIFTEEN FIFTY formula for 2020. i.e., Fifteen branches with ATMand Rs.50 billion (Rs.5000 Crores) business. I am very hopeful of expanding the business with the strong support of customer and member base.The Bank has kept the vision of image building as the main thrust area for the coming years. Under this, the main focus is to enter the technology based services such as ATM, IMPS, Mobile Banking, Own RTGS facility etc., The Bank is successful to launch its own Rupay ATM network with the service of IDBI Bank Ltd.
The Health of the Bank is always reflected in their Balancesheet. The Bank has given priority to build up the healthy Balance sheet. The Bank has prioritized to build up the capital, sound Net worth which is the backbone of the Bank’s growth. As on date, Bank is having more than Rs.100 crores of Net worth.Today, the Bank is consecutively curtailing the gross NPA level to less than 01% for the last 05 years. Due to which, the return on assets, Net Interest Margin and spreadis always better at our Balance sheet. The Bank has preferred to pass on such profit part to their members and customers in the form of higher interest rates on their Deposit investments and saving account Balance. In fact our Bank is the only Bank which provides the monthly interest paid on Saving Bank accounts with the two tier Rate of Interest on Saving Deposits. With another feather on cap, we are the first Bank to pay dividend distribution tax before the disbursal of the dividend to the member shareholders by which the members will receive hand some quantum of tax free dividend. With the lot of first under our title, I am very hopeful of achieving lot more among the urban Banking fraternity.