Dear Share Holders,

On behalf of the Board of Directors of your Bank and on my own behalf, it gives me immense pleasure to extend a warm welcome to each one of you, at this 30th Annual General Body Meeting of your Bank.

Your Bank was born and established in the year 1996, and now we are in the 30th Year of its existence. I am happy to place your Bank’s Annual Report & Financial Statements for the financial year 2024-25 in your hands. I would like to list out the highlights and the performance of the Bank during the year.

I am pleased to advise that our bank`s total business mix has crossed Rs 125 crores as of 31st March 2025. Total Business has grown from Rs.10428.56 lakhs (as of 31.3.2024) to Rs.12815.74 lakhs (as of 31.3.2025) – 22.89% growth.

During the financial year, at the beginning, we had 2709 members with 5,22,724 shares with capital to the tune of Rs. 261.36 lakhs. During the financial year, we have seen that 49 Members with 14180 shares amounting to Rs. 7.09 lakhs have closed share accounts. During the same period, we have admitted and allotted Shares to 188 new members of 33140 shares valued Rs. 16.57 lakhs. The paid-up Share Capital of the Bank stood at Rs.270.83 lakhs covering 2842 shareholders with a minimum of 30 Shares each, with total shares of 5,41,657 as on 31.03.2025. We are glad that no complaint was received during the year by the Investors’ Grievance Cell, functioning at the corporate level.

I have great pleasure in advising you all that we have added two more Branches during the financial year 2024-25, thus increasing our Branch strength to eight. These were opened at Gajularamaram and Malkajgiri. We have also received RBI approval to open three more branches in the coming year at Vanasthalipuram – B N Reddy Nagar, Ramakrishnapuram and Bowenpally . We are in the process of finalizing the premises and plan to open these branches in another two-three months.

Your Bank’s aggregate deposit growth during the year has gone up to Rs.8054.58 lakhs as on 31.03.2025, when compared to the previous financial year i.e. 2023-24, of Rs. 6395.76 lakhs.

The absolute incremental growth during the year is Rs. 1,658.82 lakhs and the growth rate is 25.94%. The CASA position as of 31.03.2025 is Rs.1552.83 lakhs which is equivalent to 31.37% of total deposits. We are glad to inform you that the average cost of deposits as on 31.03.2025 is 6.71 %.

Your Bank’s Total Investments in Govt. Securities held as on 31.03.2025 is Rs.1601.39 lakhs, and in term deposits in various banks is Rs.187.11 lakhs, Rs 615.00 lakhs in Call Money investment and in Non-SLR funds invested to the tune of Rs.583.00 lakhs. The total Investments are Rs. 2986.50 lakhs.

The Bank has maintained stipulated SLR and CRR as per RBI norms from time to time during the financial year 2024-25.

Our Gross advances as on 31.03.2025 is Rs.4761.01 lakhs and as on 31.03.2024 was Rs.4032.80 lakhs, The absolute incremental growth during the year is Rs. 728.21 lakhs registering a positive growth of 18.06% when compared to the previous year. The total secured advances as on 31.03.2025 are Rs.4697.86 lakhs (98.67%) and unsecured Advances are Rs. 63.15 lakhs (1.33%), which speaks about the quality of advances.

Out of Rs. 4761.01 lakhs, the exposure to Gold Loans is Rs.1159.34 lakhs, which is equivalent to 24.35% to total Advances and Loans against Deposits is Rs.259.67 lakhs, equivalent to 5.45% to total Advances. This speaks that the immediate liquidity is Rs.1419.01 lakhs which is 29.80% of the total advances.

The CD ratio stands 63.31% as on last Friday of the financial year ie on 28.03.2025 and the average Yield on Advances is 13.38% which is a good return.

RBI has recently announced that the Priority Sector target shall be revised to 60% w.e.f. 2024-25. I am happy to advise you all that we have already achieved Priority Sector Lending target and the current achievement is 87.50% for the FY 2024-25.

The performance of your Bank for the financial year 2024-25 has done fairly well. Key Financial Indicators are depicted in detail in the Annual Report handed over to you. All Financial Indicators are very comfortable and are within the stipulations of Reserve Bank of India and we have come under the category of a Financially Sound and Well Managed Bank.

The main indicator of FSWM i.e. Gross NPA of 2.52% and Net NPA of 1.15% as against the norm of Gross NPA of less than 7 % and Net NPAs of not more than 3% prescribed by Reserve Bank.

Your Bank has earned a Net Profit of Rs.53.52 lakhs for the financial year 2024-25, in comparison with the Gross profit for the previous financial year 2023-24 of Rs.53.71 lakhs.

We could generate this profit, in spite of incurring expenditures for opening of two new branches apart from four new branches where the breakeven could not happened.

Despite the drastic fall in net profit in this financial year, I am glad to announce that the Board of Directors has recommended to AGM to reward shareholders with a dividend of 14% for the FY 2024-25 and in absolute terms Rs.38.25 lakhs

We migrated during the Financial Year 2024-25 to JJIT CBS during the last fortnight of December 2024, from the earlier CBS of BSG (now M2P). JJIT is a Pune based Company started by a Cooperative Bank in Jalgaon, Maharashtra and managed by a charitable trust.

Further, as you are aware, we have created a Technology Reserve Fund of Rs.2.50 lakhs, during 2023-24, for meeting Cyber Security & IT related projects as a part of RBI Vision Document 2020-2023.

As you are aware, AXIS Bank is the settlement banker for all the digital payment services being provided to our customers, while IDBI Bank is engaged for parking CRR funds and for our Clearing Operations etc.

As you are all aware our bank has taken various steps to improve customer service.

All our existing branches have onsite ATMs attached to each one, except Malkajgiri.

And our customers are utilizing the services of ATM, IMPS (Mobile Banking & Branch Banking), E-Commerce, POS, and BBPS. We are providing them with RuPay ATM cards and UPI services for the benefit and ease for customers doing transactions from anywhere and anytime. We have during 2024-25 started issuing Debit Cards with Dual Interface and which can be used for contactless transactions (Payment by Tapping the card).

We are providing RTGS/NEFT services, at our branches, to all our customers at nominal cost.

Our flagship product in Advances i.e., Kranti Short Term Loans, is quite popular with our customers, where the needy people, who are into the retail business, are extended finance towards meeting the working capital gap.

This finance is given with a maximum of Rs.3.00 lakh and with the facility of collecting daily from them through UPI services and renewing again every 180/365 days as the case may be.

This facility is being availed by many of our members who are also happy because they have come out of the clutches of private lenders who charge high interest rates.

Similarly, we launched a flagship deposit scheme: KRANTI KALPAVRIKSHA DEPOSIT scheme (1234 days duration) offering 9.00% PA for the general public and 9.50% PA for senior citizens recently to attract and augment our Term Deposit portfolio.

We call upon our members to recommend to their friends and relatives for parking their surplus funds in our Branches.

Your bank always remembers that it is neither the hardware nor the software, but the human-ware that is going to improve customer service.

Hence, your bank has been always working towards the improvement of Human Resources in the Bank.

Staff and Senior Executives are being nominated for Webinars of RBI /NAFCUB / Telangana CUB Federation etc., to update their knowledge and skill sets.

On-job training is also being provided to all the staff through Direct Personal interaction, issuing circulars, display of information in the Notice Board, conducting staff meetings etc.

We are glad to inform you that our Bank exceeded the deposit target of Rs.7000.00 lakhs set for the financial year 2024-25 and reached a figure of Rs. 8054.58 lakhs, thereby surpassing the target by Rs.1054.58 lakhs. We, however, missed the Advance target of Rs.4800.00 lakhs set for 2024-25 by Rs.39.00 lakhs, and reached a figure of Rs.4761.00 lakhs.

This financial year, i.e., 2025-26 we have projected a – Deposit Target of Rs.10000.00 lakhs and Advances Target of Rs.6750.00 lakhs i.e. the total business goal of Rs.16750.00 lakhs and the same is placed before AGM for approval.

And as you all know, the philosophy of Kranti Bank is to continue to remain dynamic in the ever-changing banking environment and the needs of customers, to provide safe & secure banking services to all our customers and finally to be an achiever in terms of Profit & Business growth while being true to our motto.

The Board of Directors acknowledge with gratitude the valuable guidance and cooperation rendered by the officials and the staff of RBI, Central office, Mumbai, and Regional Office, Hyderabad, The Principal Secretary for Cooperation, the Registrar of Co-Op. Societies, Govt. of Telangana and Dy. Registrar of Cooperative Societies Medchal, Malkajgiri District.

We thank our Statutory Auditors – CA G V Ramavataram, Partner – M/s. Grandhi & Associates, Chartered Accountants, for completion of the audit in time.

The Board of Directors place on record their gratitude individually to all the valued shareholders, customers and other stakeholders for their patronage and support and to the borrowers who have cooperated in the timely repayment of their dues to the Bank. We shall continue to rely on your support and encouragement in all our endeavours to make your bank excel in performance.

Finally, we wish to place on record our well-deserved appreciation to the employees for their commitment, dedication and hard work which has contributed to the performance of the Bank. I appeal to them to continue with the same tempo and hard work to take the Bank to further heights.