Chairman Message

Mr. Ashok Kothari

We at Mahaveer Bank have always endeavored to make banking a pleasant experience. We believe that the ability of the banking industry to achieve the socio-economic objectives and in the process bringing more and more customers into its fold will ultimately depend on the satisfaction of its customers. We have a strong belief that a satisfied customer is our ambassador in developing our business.

The UCBs have been playing distinct and significant role in the process of socio-economic development of the country. We are continuously working and updating ourselves to keep pace with the fast changing banking sector.

It is with a matter of great pride that I have adorned the chair as Chairman of this prestigious organization, with an aim to continue the journey of growth and development the Bank has embarked upon. The Bank, with its 8 branches has taking care of the requirements of various segments of  the economy.

It is heartening that we have a very responsible and dedicated Board of Directors to not only take right policy decisions, but also implement the same. They are forever striving to improve the Bank’s working and to lead the institution towards growth and development. For this I thank each Director individually.

I would also like to thank the members of the Management Team for exhibiting excellent leadership to guide employees of all grades in coping up with the rapidly-changing banking sector. The employees who are the real strength of the organization deserve applauds and recognition for playing their role in the all round growth of the Bank.

I take this opportunity to thank the RBI and other industry participants for their support and guidance. I also thank our customers, for keeping their faith in our vision and ability which is always a source of strength and inspiration for the Bank and its entire staff, reflecting in its performance, achievement and results.

All our positive and pragmatic endeavors will hopefully enable us to ensure sustainable growth for the Bank.

 

I take opportunity to Thank you One and All, who are associated with Bank, in any manner such as Share Holders, Depositors, Account Holders, Borrowers, staff members and Well Wishers, who have been instrumental in development of the Bank. 

We are growing year on year as our figures speak.

Rs.Cr
Year
Deposits
Loans
Profit
2021-2022
173.71
107.10
2.14
2022-2023
206.54
135.07
1.80
2023-2024
238.07
164.47
4.05

We have opened four new branches in 2024 in quick succession and another three branches shall be opened shortly. It is the result  of the progress made by bank.  I request all to continue patronage  towards the bank for overall progress. Please accept my warm greetings.