Andhra Pradesh Mahesh Co-operative Urban Bank has recorded its highest-ever profit of Rs 69.98 crore (before tax) and Rs 53.61 crore (after tax) for FY 2024–25. The bank has declared a 22% dividend for shareholders.

At the 49th Annual General Meeting held at the bank’s head office in Banjara Hills, Ram Narayana Boga, High Court-appointed Officer for bank administration, thanked shareholders and customers for their continued trust. He expressed optimism about sustained dividend payouts and staff ex-gratia in the coming years, backed by steady business growth.

The bank's owned funds rose to Rs 475.18 crore from Rs 444.20 crore, while reserves and surplus increased to Rs 444.73 crore from Rs 412.98 crore. Book value per share improved to Rs 312.13 from Rs 284.53, and earnings per share reached Rs 34.79, up from Rs 31.35 last year.

Gross NPAs were brought down to Rs 38.68 crore from Rs 48.58 crore, accounting for just 4.52% of total loans, with net NPAs remaining at zero.

Chairman Ramesh Kumar Bung announced the bank's growth target for FY 2025–26 at Rs 3,175 crore, aiming for an 18.38% increase - comprising Rs 2,135 crore in deposits and Rs 1,040 crore in advances.