adsense

Thursday, January 19, 2012

National Financial Switch(NFS) gets a new member - The A P Mahesh Co-operative Urban Bank Ltd., Hyderabad.




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.

No comments:

LinkWithin

Related Posts with Thumbnails

Disclaimer

The thoughts in this BLOG are personal, and reflect only my view on the subject.
This are not the views of my Employers.
All images, logos rights rest with the Original TitleHolders

All efforts have been made to make this information as accurate as possible, N Prashant will not be responsible for any loss to any person caused by inaccuracy in the information available on this Website. Relevent Official Gazettes Communications may be consulted for an accurate information. Any discrepancy found may be brought to the notice of N Prashant