The A P Mahesh
Co-operative Urban Bank Ltd., popularly known as 'Mahesh Bank', has
joined NPCI’s National Financial Switch (NFS) network on 30 th
December 2011.
The bank has a network
of 36 branches, 28 in the twin cities of Hyderabad and Secunderabad
and one each at Khammam, Vijayawada, Guntur, Rajahmundry,
Visakhapatnam, Warangal in Andhra Pradesh., Jaipur in Rajasthan and
Mumbai in Maharashtra.
Mahesh Bank's customers
can now access their bank accounts through 86,000+ ATMs of 63 other
banks which are already in the NFS network.
Mahesh Bank commenced
operations in 1977, and its customers base is basically traders.
Towards this end, it has also opened branches in Jaipur and Mumbai,
both major trading centres.
Mahesh Bank started its
life as Primary Co-operative Society on 30th June, 1977.
In 1996, the Bank was
accorded SCHEDULED STATUS by Reserve Bank of India from 26th October,
1996 - the first Co-operative Bank to be accorded this status in the
entire South India.
In 2001, the Bank got
itself registered as a Multi-State Co-operative Bank under the
Multi-State Co-operative Societies Act, 1984 with effect from
30.05.2001 - again the first Co-operative Bank in South India.
As Mahesh Bank is on an
expansion spree, with RBI permitting the bank to extend its area of
operation to the entire States of Maharashtra, Rajasthan and Gujarat,
the NFS route will enable it to attract more customers into its fold.
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