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Published byTobias Neal Modified over 7 years ago
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Wardhaman Urban Co-Operative Bank ltd Welcomes You
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About Bank Wardhaman Urban Co-operative Bank Ltd., Nagpur, a Primary Urban Co-op Bank, registered under Co-op. Societies Act 1960 and a licensed Bank by RBI, was established on 9th February 1999, at Nagpur, by Hon. Chairman Late Shri. Shaktikumarji Sancheti. The Bank is working through its 6 branches – Main Branch- Central Avenue, Sakkardara Branch, Kalamna Branch, Sadar Branch & Dharampeth Branch. Banks Proposed Hinganghat Branch will be open shortly. The bank is in profit since inception and has been consistently receiving "A" classification in the statutory audit for all these years. Wardhaman Urban Co-operative Bank Ltd., Nagpur was awarded first prize in the category of banks having deposits between Cores in Vidarbha region by Vidarbha Urban Banks Co-op Association Nagpur for the year At the same time the Bank was awarded for “The Bank with Lowest NPA”.
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COMPOSITION OF THE BOARD
The new Board came into existence on 21st October 2016 The Bank’s newly elected Board consists of 17 Directors with two of it’s Directors being Chartered Accountants, with highly professional experience in banking and bank audit. Professionals Industrialists Traders Social Workers
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Board of Directors Shri Anil Parakh – Chairman
Shri Naresh Patni – Vice Chairman Directors Shri Prafulchandra Doshi Shri Nitin Khara Shri Atulkumar Kotecha Shri Dilip Ranka Shri Anuj Badjate Shri Rajendra Sancheti Shri Naresh Pugalia Shri Nitin Tatiya Sau Pushpalata Jain Sau Sunita Surana Shri Vijay Meshram Shri Ramrao Akhare Shri Kishor Ramteke Shri Rajendra Daga Shri Hitesh Sankalecha
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FINANCIAL RESULTS 31st March 2012 2013 2014 2015 2016 Share Capital
312.14 329.67 370.88 427.24 463.76 Reserves 971.62 Own Funds Deposits Advances Gross NPA 0.50% 0.63% 0.77% 0.58% 0.32% Net NPA 0.00% 0.17% 0.28% 0.08% CRAR (%) 35.85% 37.83% 38.64% 36.05% 34.14% Capital Funds Gross Profit 275.56 251.63 227.97 299.38 312.82 Net Profit 190.39 175.14 150.33 200.18 201.82 Dividend (Percent) 15% Audit Class A
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Awards & Achievements Wardhaman Bank was awarded with following prizes by Vidarbha Urban Banks Co-op Association Nagpur. st Prize in the category of banks having deposits between Crores And awarded for “The Bank with Lowest NPA”. nd prize in the category of banks having deposits between Crores st prize in the category of banks having deposits between Crores st prize in the category of banks having deposits between Crores
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SERVICES Core Banking Services RTGS / NEFT Services SMS alert Services
Internet Banking ( Non – Transactional ) SWIPE Machine Services Franking Services Locker Services Tax Payments
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Strength of Staff Customer Friendly, Qualified and experienced staff
Well versed with latest technology in Banking Industry Fast & Efficient customer service Teamwork is one of the most important strength of the Wardhaman Bank Knowledge of regulatory changes in banking industry
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Period of Fixed Deposits
DEPOSITS RATES Period of Fixed Deposits Rate of Interest Senior Citizens (For Deposits above 181 days) 15 Days to 90 Days 5% 91 Days to 180 Days 6% 181 Days to 1 Year 7% 7.5 % Above 1 Year to 5 Yrs 7.5% 8 %
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Cash Credit – Hypothecation
Loan Schemes – Cash Credit Cash Credit – Hypothecation Primary security Stocks & Book debts Collateral Security 100% Margin 25% , Book debts (age upto 90 50% Rate of Interest 12.75% Repayment Period One Secured Cash Credit Primary security Property Collateral Security 150% Rate of Interest 13.00 % Repayment Period One
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Loan Schemes – Reducing Overdraft
Collateral Security 200% Margin NA Rate of Interest 12.75% Repayment Period Seven Years Method of Assessment Based on income average of past 3 years as per IT returns & Max. 3 to 4 times of Annual income.
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Term Loan – Factory Land & Building
Loan Schemes – Term Loan Term Loan – Factory Land & Building Primary security Factory Land & Building Collateral Security NIL Margin 40% Rate of Interest 13.75% Repayment Period Seven Years Term Loan – Plant & Machinery Primary security Plant & Machinery Collateral Security 100% Margin 25 % Rate of Interest 13.75 % Repayment Period Seven Years
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Mortgage Term Loan - Builders
Loan Schemes – Term Loan Mortgage Term Loan - Builders Collateral Security 200 % Margin NA Rate of Interest 14 % Repayment Period Seven Years Project Term Loan Primary security Project Collateral Security 150% Margin 33.33 % Rate of Interest 13.75 % Repayment Period Seven Years
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Vehicle Loan Schemes Two Wheeler Car Loan Used - Car Loan
Margin 25% Rate of Interest 12.50% Repayment Period Seven Years Margin 25% Rate of Interest 11.50% Repayment Period Seven Years Used - Car Loan Commercial Vehicle Margin 50% Rate of Interest 11.50% Repayment Period Eight Years* Margin 10% Rate of Interest 12.50% Repayment Period Seven Years
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Other Loan Schemes Housing Loan Education Loan House Repairs Loan
Margin 25% Rate of Interest 10.50% Repayment Period Twenty Years Margin 25% Rate of Interest 12.00 % Repayment Period Seven Years House Repairs Loan Personal Loan Margin 25% Rate of Interest 13.00 % Repayment Period Seven Years Margin NA Rate of Interest 14.00 % Repayment Period Three Years
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Loan for Solar Power Generating Unit
Purpose Buying and installation of the Solar Power Generating Unit Loan Amount Up to the Exposure Ceiling of the Bank Rate of Interest 10 % P.A. Security Hypothecation of Solar Power Generating Unit. Margin 10% of cost of Solar Power Generating Unit along with installation charges. Repayment Tenure Maximum 7 Years
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Salient Features Processing Fees - Up to Rs. 10.00 Lac 1% + ST
- Above Lac 0.5% + ST - Builder Loan – 1% + ST Share Linking % of Total Loan Amount Exposure Ceiling - Single Borrower Rs. 315 Lacs - Group Borrower Rs. 838 Lacs 0.75% Interest rebate in fulfilling certain conditions for C.C. (Hypo.) limits
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