Vision and Values
The TIRUPATI Urban Co-operative Bank Ltd., Nagpur is founded by Shri Dattatraya Raghobaji Meghe in the chairmanship of Shri Sagar Dattatraya Meghe with other 16 directors. The Bank is registered on 31-03-1995 under Maharashtra Cooperative Societies Act, 1960 vide registration No.NPG/CTY/BNK/0/308/95, further Reserve Bank of India has issued a Banking license on 08 January 1996 vide license No.UBD.MAH.12.4 P, to perform Banking business. The Regional Office of the Bank is located at Nagpur and serving as a one of the leading Cooperative Bank in Vidarbha region of Maharashtra. The bank has reached milestone of 1000 crores business under the Chairmanship of Mr.Sagar Dattatraya Meghe and later Shri Prem L. Grover is continuing his legacy for furthermore business development on progressive lines. Presently the Bank is rendering its services to the entire state of Maharashtra for more than 1 lakh customers.
The Bank has received Best Bank Award by MSCBA continuously from 2002 to 2009, received best Bank award in Vidarbha given by Vidarbha Urban Banks Co-operative Association for the year 2009-10 to 2017-18. The Bank contributed to various Govt. Schemes like Jalyukt Shivar, Majhi Vena Majhi Ganga, etc., and opened accounts for approximately 18000 customers under PM Bima Yojana & PM Jeevan Jyoti Yojana.
Financial Position (Rs. in Crores)
| Sl. | Financial Indicator | As on 31/03/2024 | As on 31/03/2025 |
|---|---|---|---|
| 1. | No.of Members | 16000 | 14911 |
| 2. | Share Capital | 18.37 | 20.51 |
| 3 | Deposits | 676.29 | 730.10 |
| 4 | Advances | 411.76 | 460.76 |
| 5 | Total Business | 1088.05 | 1190.83 |
| 6 | Reserves Fund | 25.05 | 25.89 |
| 7 | Other Reserves | 64.43 | 66.00 |
| 8 | CRAR | 18.7% | 18.3% |
| 9 | Net Profit | 4.16 | 6.72 |
| 10 | Investment in Govt. Securities | 148.58 | 153.52 |
| 11 | Gross NPA (%) | 3.3% | 2.4% |
| 12 | Net NPAs (%) | 0% | 0% |
| 13 | Priority Sector Advances (%) | 69% |
About Digital & Customer Services
The Bank is providing services through above 16 branches including digital payment channels like RTGS/NEFT, IMPS, UPI, Debit card issuer, POS, Ecom, NACH, and Mobile Banking services to the customers and disbursing loans for the purpose of small business, house construction & purchase for individuals, 2-wheeler and 4-wheeler purchase loans, and Education loans to lower and middle-class people under priority sector at 69%.
The Bank is classified under “A” in the Audit for the last Two decades and declaring dividend every year with upto date regulatory compliance.
The Bank is providing Safe Deposit Lockers facility to the Public in all Branches. The Bank is safeguarding the deposits of the Public besides safeguarding their deposits by paying premium to the DICGC, a subsidiary of the Reserve Bank of India.
The Bank is working on strong line with 18% CRAR, 84 crores of Net own funds, with operating by 16 branches.
Branches & Business Mix (Rs. in Crores)
| Sl. | Branch Name | Deposits | Advances | Business Mix |
|---|---|---|---|---|
| 1 | South Ambazari Road, Nagpur | 289.63 | 151.83 | 441.46 |
| 2 | Gandhi Bagh, Nagpur | 32.41 | 48.88 | 81.29 |
| 3 | Sakkardara, Nagpur | 59.57 | 21.50 | 81.06 |
| 4 | Narendra Nagar, Nagpur | 50.51 | 34.35 | 84.86 |
| 5 | Anant Nagar, Nagpur | 29.13 | 14.22 | 43.35 |
| 6 | YCCE, Nagpur | 69.83 | 24.00 | 93.82 |
| 7 | VTC, Nagpur | 32.20 | 22.44 | 54.63 |
| 8 | KDK, Nagpur | 37.42 | 26.73 | 64.15 |
| 9 | Ganesh Peth, Nagpur | 13.76 | 19.60 | 33.37 |
| 10 | Mankapur, Nagpur | 21.90 | 20.76 | 42.66 |
| 11 | Khamla, Nagpur | 16.41 | 13.19 | 29.60 |
| 12 | Koradi, Nagpur | 7.41 | 3.19 | 10.60 |
| 13 | Manish Nagar, Nagpur | 12.93 | 10.08 | 23.01 |
| 14 | Wardha, Maharashtra | 40.17 | 25.63 | 65.80 |
| 15 | Chandrapur, Maharashtra | 6.12 | 7.29 | 13.41 |
| 16 | Airoli, Mumbai | 10.70 | 17.07 | 27.76 |
| TOTAL | 730.10 | 460.76 | 1190.83 | |
Cyber Security & Strategy
The Bank is recording steady progress in business and prepared action plan to become Small Finance Bank or merger with other UCB to expand business to other sectors, and taking all steps to obtain direct member ship to CPS (Central Payment System) for providing RTGS/NEFT and for obtaining Acquirer license of UPI payment system.
Under RBI Cyber Security Framework, the Bank is classified as Level-2, and taking utmost priority for Cyber Security to safeguarding IT Assets & environment, and taking all precautions for securing the customers’ information, and at present the Bank has recorded 82% of complied under level-2 controls as per the CERT-In auditor and submitted the same to RBI. Further, the Bank is taking progressive steps to further strengthen the Cyber Security and set target to achieve level-3 compliance within a short period.
Chief Executive Officer