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2 1 3-14 We Are with You! ANNUAL REPORT Women Empowerment 2 1 3-14 we are with you! ANNUAL REPORT € +<óŠ|Ÿ<ûXÙ >±MTD $¿±dt u²«+¿ù E狇À œÀtzÆ TÀçªym uÄNþçÌ ¤øNþ ANDHRA PRADESH GRAMEENA VIKAS BANK Commited to Rejuvenating Rural Economy Easy access to banking... we are with you! Head Office: 2-5-8/1 Near Ambedkar Statue, Ramanagar, Hanamkonda - 506 001 Warangal Dt. A.P. Ph: 0870 - 2577256 I Tollfree : 18004257900 I e-mail: [email protected] I www.apgvbank.in we are with you! Annual Report 2013-14 Empowering Rural Lives we are with you! 9th Annual Report 2013-14 With Best Compliments from K. Lakshmana Rao Chairman Andhra Pradesh Grameena Vikas Bank Head Office,Warangal AP 01 we are with you! Annual Report 2013-14 Together.. we are with you! We are with you... 02 we are with you! Annual Report 2013-14 Vision Repositioning the Bank in competitive rural market and accomplish the leadership spot in Rural Banking. Aspiring to realize the vision of excelling in Rural Credit and SME. Pursuing the best practices for alues delivering the value added service to the customers by transforming the key branches into profit and business centers. Mission With efficiency and service each one of us works in tandem to deliver quality rural service, no matter where our customers choose to experience it. With the advantage of a large network in the rural hinterland, it is our duty and obligation to serve the rural masses, the deprived and denied, retail and agriculture sectors through improved processes, deployment of technology, with an emphasis on employment of rural youth, augmentation of agricultural production, upliftment of the downtrodden and unabated service to rural poor with commitment to the sacred task of rural development and women's empowerment. Values · Commitment for rural development · Excellence in customer service · Respect to systems and procedures · Team Synergy Vision, Mission and V 03 we are with you! Annual Report 2013-14 Letter of Transmittal Andhra Pradesh Grameena Vikas Bank Head Office : Warangal Date: 30.06.2014 The Secretary, Ministry of Finance, Dept. of Economic Affairs, Banking Division, Government of India, Parliament Street, New Delhi-110001 Dear Sir, In accordance with the provisions of Section 20 of the Regional Rural Banks Act 1976, I forward herewith the following documents. A Report of Board of Directors as to the Bank's working and its activities during the period 1st April 2013 to 31st March 2014. A copy of the audited Balance Sheet and Profit and Loss Account for the year ended 31st March 2014. A copy of the Auditor's report in relation to the Bank's accounts for the period 1st April 2013 to 31st March 2014. Yours faithfully, (K. Lakshmana Rao) Chairman 04 we are with you! Annual Report 2013-14 What's inside 1. Board of Directors 2. Executives Team 3. Chairman's Message and commitments 4. Key Performance Indicators 5. Accolades 6. Board of Directors Report 7. Auditor's Report 8. Balance Sheet, Profit & Loss Account and Schedules 05 we are with you! Annual Report 2013-14 Geographical Area Regional& Offices Srikakulam Warangal Saraswathi complex 2-739-1-3, First Floor Baker sahed peta Ramnagar, Hanamkonda Srikakulam 532001 Warangal 506001 Tel 08942-221041 Tel 0870-2577884 Fax 08942-221040 Fax 0870-2568010 [email protected] [email protected] Vizianagaram Mahabubnagar 8-12-64/1, Himagiri theatre Mettugadda New S.P. Bungalow Mahabubnagar 509001 Vizianagaram 536002 Tel 08542-242861 Tel 08922-273956 Fax 08542-242862 Fax 08922-274221 [email protected] [email protected] Sangareddy Visakhapatnam Medak 502007 TPT colony Tel 08455-276263 Near Enadu Fax 08455-276603 Seethamdhara [email protected] Visakhapatnam Tel 0891-2713942 Ashoknagar Fax 0891-2746341 Ramachandrapuram Mandal [email protected] Medak 502032 Tel 040-20040773 Khammam Fax 040-23020238 Wyra Road [email protected] Khammam 507002 Tel 08742-226816 Bhadrachalam Fax 08742-228972 Bhadrachalam [email protected] Khammam 507111 Tel 08743-231492 Nalgonda Fax 08743-231020 Ramgiri, Nalgonda [email protected] Tel 08682-229943 Fax 08682-229945 [email protected] 06 BOARD OF DIRECTORS Chairman DGM on deputation Shri K. Lakshmana Rao from State Bank of India Nominees of Central Government under Section 9 (1) (a) of the Regional Rural Bank's Act, 1976 Shri C. Laxmunnaidu Shri V. Hanumantha Reddy Nominee of Reserve Bank of India under Section 9 (1) (b) of the Regional Rural Bank's Act 1976 Shri Samir Sarkar Asst. General Manager, Reserve Bank of India, Hyderabad Nominee of NABARD under section 9 (1) (c) of the Regional Rural Bank's Act, 1976. Shri Y. Hara Gopal Asst. General Manager NABARD Hyderabad Nominees of State Bank of India under Section 9 (1) (d) of the Regional Rural Bank's Act, 1976 Shri Mihir Narayan Prasad Mishra Deputy General Manager (ABU) State Bank of India, LHO, Hyderabad Shri Sanjay Kumar DY General Manager, State Bank of India, Zonal Office, Secunderabad Nominees of State Government under Section 9 (1) (e) of Regional Rural Bank's Act, 1976 Shri L. Prema Chandra Reddy, IAS Principle Secretary, Institutional Finance, Finance Department, GOAP, Hyderabad Shri G. Kishan, IAS District Collector & Magistrate, Warangal 07 we are with you! Annual Report 2013-14 Executive Team K. Lakshmana Rao Chairman Shri N. Ravindranath Shri DSRK Saibaba General Manager (HR) General Manager (Credit) Shri S. Prakash Kumar Shri B. Narayana Sresty General Manager (Operations) General Manager (IT) 08 we are with you! Annual Report 2013-14 Our Mentors Shri C.R. Sasikumar Shri Gopal Krishan Kansal Chief General Manager, General Manager (Network-I), State Bank of India, LHO, Hyderabad State Bank of India, LHO, Hyderabad Our Regulators Shri K.R. Das Shri Jiji Mammen Regional Director, Chief General Manager, Reserve Bank of India, Hyderabad NABARD, RO, Hyderabad 09 we are with you! Annual Report 2013-14 Highlights 2013-14 * Growth in Business Rs 2227.85 Cr @17.88% (Rs 1772.77 Cr) * Growth in Deposits Rs 922.02 Cr @ 15.71% (Rs 716.19 Cr) * Growth in Advances Rs 1305.85 Cr @ 19.82% (Rs 1056.58 Cr) * Net profit Rs 180.53 Cr growth @ 13.21% (Rs 159 Cr) * Business per Branch Rs 20.86 Cr (Rs 19.53 Cr) * Business per Employee Rs 5.34 Cr ( Rs 5.02 Cr) * Profit per Employee Rs 6.55 Lakh (Rs 6.42 Lakh) * Opened 66 New Branches (64 Branches) taking total to 704 * Opened 64 New Ultra Small Branches, taking total to 488 * Issued 2.17 Lakh RuPay ATM-cum-Debit Cards and 1.01 Lakh Kisan Cards. * On boarded to Aadhar Payment Bridge System (APBS) on 21.11.2013 to implement Direct Benefit Transfer (DBT) for LPG subsidy and other benefits. * Aadhar numbers seeded on 3,79,261 accounts during the year, of which 64,855 Aadhar Numbers were seeded on a single day on 24.9.2013 * Implemented Aadhar Enabled Payment System (AEPS) and making Aadhar authenticated payments of Social Security Pensions (SSP) and MGNREGS wages through BCAs, leveraging Biometric Technology. * Opened 1,03,126 No Frills accounts in a single day on 24.8.2013 by all Branches and another 75328 accounts were opened on the same date by BCAs * Opened 8 Financial Literacy Centres * Conducted a record number of 1705 recovery camps on a single day on 14th February 2014. * Stood first in Cross Selling (SBI Life)- Mobilized Rs 10.08 Cr business premium and Rs 1.49 Cr commission against the targets of Rs 10 Cr & Rs 1 Cr respectively Note : Figures in the brackets pertain to Previous Financial year 10 Chairman’s Message It's a special honour for me to be presenting the Bank's Annual Crore as against FY 2012-13 level of Rs 12458.77 Crore. Report for the fourth consecutive financial year. As someone Advances grew at 19.82% (Rs 922.02 Crore) and deposits at seeking to add value to the Organization, I and my entire team 15.71% (Rs 1305.85crores). of administration and staff, had yet another year which During the year the Bank has been subjected to Management witnessed a steady growth in business and strong Audit by State Bank of India (our Sponsor Bank), Statutory fundamentals. Inspection by National Bank for Agriculture and Rural I chose to draw attention to the fundamentals of our Bank so Development (NABARD) and Statutory Audit by an as to emphasize the fact that the Bank has been growing at an independent Chartered Accountants firm appointed by accelerated rate predictably. Government of India. Both the Supervisory and Regulatory authorities, after thorough scanning of the systems and The streak of success the Bank has had in the past, has come to functions of the Bank, have awarded 'A' Rating (Excellent) in be reinforced as a proven track record of the Bank. That the their reports. The Statutory Auditors M/s Umamaheswara business volume has almost doubled in the last four years is a Rao & Company, Hyderabad, while presenting the Financial testimony to the fact that the Bank has fallen into a rhythm of Accounts for the FY 2013-14, have made a special mention growth. An increase of over Rs 7000 Crore business (both that the Bank's Systems and Procedures have stabilized to a deposits and advances) was crystallized since 2010-11, with great extent over a period of three years (the firm has been advances increasing by 104% and deposits by 78.48%. In the the Statutory Auditors for the Bank since 2011-12). I quote same period, the Bank has shown consistent growth in the Board Resolution “The Statutory Auditor has expressed productivity parameters - the Per Branch Business has appreciation for the Bank's Management and staff for the increased from Rs 17.52 Crore to Rs 20.86 Crore, Per Employee business growth and improvements in qualitative aspects like Business from Rs 4.33 Crore to Rs 5.34 Crore and Per Employee stabilisation of Systems and Procedures, Information Systems Profit from Rs 4.86 Lakhs to Rs 6.56 Lakhs.
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