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The UNITED MERCANTILE CO-OPERATIVE BANK Limited is India's premier Urban Co-operative Banking Institution.

The Bank has attained this premier position without compromising the spirit of co-operative principles and social responsibilities. We offer best customer service in minimum time with follow-ups of all urban banking norms. We are offering the best interest rates and deposits schemes for all honorable customers along with special package for senior citizens. UNITED MERCANTILE CO-OPERATIVE BANK Limited is devotee and committed to long relation and well equipped services ABOUT US: The united mercantile co-operative bank Limited is India's premier Urban Co-operative Banking Institution. The Bank has attained this premier position without compromising the spirit of co-operative principles and social responsibilities. We offer best customer service in minimum time with follow-ups of all urban banking norms. We are offering the best interest rates and deposits schemes for all honorable customers along with special package for senior citizens. United mercantile co-operative bank limited is devotee and committed to long relation and well equipped services. HISTORY Back

Urban Co-operative Banks have been in existence in India for several decades and as far back as from the early years of the 20th century. Till early 1966, when the provisions, albeit on a selective basis with or without modifications as were found necessary, of the Banking Regulation Act, 1949 were made applicable to Co-operative societies which were carrying on banking business, urban Co-operative banks were in the unorganized sector, speaking from the point of view of Reserve Bank control over banking business/banking institutions. With the coming into being of the Banking Regulation Act,1949 ( As Applicable to Co-operative Societies ) as from 1st March,1966, such of the Primary Credit Societies as were then to be newly organized , with an initial paid-up capital of not less than one lac of rupees, could commerce banking business only after obtaining a license for the purpose from Reserve Bank Of India. Also every primary credit society, which became a primary cooperative bank after the commencement of the Act, was required to apply to Reserve Bank Of India for a license, to carry on banking business, before the expiry of three months from the date on which it so became a primary co-operative bank . It had been further provided that such primary credit society may carry on banking business until it is granted a license in pursuance of the Act or is, by a notice in writing, notified by Reserve Bank of India that a license cannot be granted to it. The above provisions of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), however, gave rise to growth of a large number of Urban co-operative banks in the country. As on 1st March 1966, when the banking Regulation Act,1949 was made applicable to Co-operative societies, while there were 403 urban CO-OPERATIVE BANK in India, there was no such bank in the state of Uttar Pradesh. The number of urban Co-operative banks all over the country, however, increased in good measure between 1966 and 1974, a majority of them primary credit societies, attaining the status of COOPERATIVE BANK purely as a result of the operation of law. The State of Uttar Pradesh however was yet lagging behind. The visionary in Shri B.D. Sahai, belonging to Kanpur, then an Executive with the Uttar Pradesh Co-operative Bank Ltd. Posted at Lucknow, saw the potential for an urban co-operative bank in the city of Kanpur which was then a hub of industrial and business activity. He provided the necessary impetus, as the driving force and moving spirit, to a small number of

persons inclined towards Co-operative principles to come together for organizing an urban co-operative bank at Kanpur. Once a set of Co-operative agreed, in principle, that an urban Co-operative bank should be organized, the whole attention shifted to the selection of a suitable name for the then proposed bank.Instead of the question what is in a name ? put normally by a few who are not discerning, the promoter Co-operative delved at length in the matter and a lot of thought process was involved in arriving at the name with which the above urban Cooperative bank was thought of being organized. The word United was a unanimous choice, as unity is the very essence of Co-operative and the very pillar on which the edifice of a Co-operative institution can be built. Further, knowing fully well that an urban Co-operative bank would be carrying on the business of banking as envisaged in the Banking Regulation Act, 1949 in terms of which banking means the accepting, for the purpose of lending or investment, of deposits of money from the public and would be functioning shoulder to shoulder with commercial banks both in the public and private sectors and would in fact be supplementary if not complementary to commercial banking, decided to have the word Mercantile as well in the name of the proposed bank. The name United Mercantile Co-operative Bank Ltd.. was thus the unanimous choice. 50 members, including as many as 11 women, joined hands and subscribed amongst themselves a total sum of Rs. 49.650 as share capital and moved an application on 9th March 1975 for registration of United Mercantile Co-operative Bank Ltd. As a Co-operative credit society under the Uttar Pradesh Co-operative Societies Act, 1965 and the society was registered under No. 2601 on 29th april 1975 under the hands of the Deputy Registrar, Co-operative Societies, Uttar Pradesh Allahabad Kanpur District Then failing under Allahabad Division of the administrative set-up.

The Financial Pulse DATE 30.6.76 30.6.79 30.6.82 30.6.85 30.6.88 30.6.91 31.3.94 31.3.97 31.7.99 2007 2009 2006 2005 2004 2003 2002 2001 2000 MEMBERS CAPITAL DEPOSITS NUMBER ( Rs. LACS ) ( Rs. LACS ) 361 2.58 1.80 422 2.85 106.88 711 3.35 333.30 1272 4.58 767.76 1619 13.28 1131.70 2230 18.98 1688.72 2612 26.16 2414.83 3500 40.95 3239.45 4300 67.40 5392.98 55.52 145.09 10108.74 5831 155.62 11109.42 5246 127.28 9298.03 5146 116.17 8575.76 5118 105.85 8332.47 4914 99.12 7706.06 4651 91.73 6887.19 4538 83.87 6399.90 4423 74.31 5757.41 ADVANCES ( Rs. LACS ) 0.21 14.84 52.16 105.98 389.90 622.56 987.69 1330.14 2009.48 6264.63 6908.66 5822.80 5605.23 5472.04 4253.45 3243.78 2848.73 2380.38

Managed by: Debuggroup.com Bank At A Glanc No. Of Branches No. Of Extension Counters Date Of Registration Date Of Licence R.B.I 15 29.04.1975 23.02.1976

Branches Branches Name Manager Name

1. P. Road Mr. S.N. Melhotra 2. Sarvodaya Nagar Mr. Madhukar Chaudhari 3. Garharian Purva Mr. Atul Kr. Srivastava 4. Kidwai Nagar Mr. K.K. Seth 5. Lal Bangalow Mr. S.K. Tiwari 6. Halsey Road Mr. Veeresh Kumar 7. Darshan Purva Mr. A.K. Singhal 8. Cornel Ganj Ms. Vineeta Srivastava 9. Civil Line Ms. Patanjali Sharma 10. Sharda Nagar Ms. Rita Sahay 11. Panki Mr. Dhirendra Srivastava 12. Kidwai Nagar 2 (K Block) Mr. Ratnakar Singh (Office In charge) Extension Counter : Jwala Devi Vidya Mandir Mrs. Poonam Sahay On behalf of the Board of Directors and on my personal behalf, I take pleasure in extending a warm welcome to each one of you on this Annual General Body Meeting of the Bank. I trust you have all received a copy of Banks Annual report for the year 2007-08 comprising the report of the Board of Directors, Audited Financial statements of the bank and with your consent, I take them as read. ECONOMIC SCENARIO The Indian Economy grew at 9% in the year 2007-08 as compared to 9.5% in the previous year. Despite the slower growth rate in 2007-08 India continues to be one of the fastest growing economies of the World. In the short run, however, one sees some stress on Indias Macro-economic Indicators. Towards the end of 2007-08, inflation started inching up due to steadily rising prices of Food grains, Metals and Crude Oil across the Globe. The industrial growth too slowed down to 5.1% in Q-4 of 2007-08 as a result of higher prices of key intermediates and slowdown in World Economic demand. The global slowdown may marginally impact Indias growth rate in the current year as compared to past few years. Year Wise Growth Rate Year Wise 2007-08 Growth Rate Deposite 111.09 Crore 9.98 %

Sri S.R. Singh (Chairman )

(31.03.08) 2008-09 (31.03.09) Advance Deposite Advance 69.08 Crore 9.07 % 130.28 Crore 11.73 % 71.71 Crore 1.04 %

BANKING ENVIRONMENT Inflation was and still continues to be a cause of concern and has crossed 12% being the highest in the last 13 years. The Reserve Bank of India placed thrust on aggregate demand management to anchor inflationary expectations. The successive increase in Cash Reserve Ratio (CRR) (6% in March07 to 9% in Aug08) and 0 interest on CRR balances was complimented by increase in Repot rates to 9%. This in turn led the banking industry to increase the interest rates - both on Deposits and Advances which had significant impact on the banks net interest margins. FUTURE CHALLENGES AND ROAD AHEAD The global economy is teetering on the brink of severe economic downturn leading to a downward revision in the economic growth. The deepening credit crises in developed countries as triggered by the continuing housing slump, the pressure on US Dollar, persisting global imbalances and the soaring oil prices are slowing the growth of the world economy. As an important part of global economy, India cannot be completely insulated from the global weaknesses. The Country imports about 70% of the crude oil requirements. The higher oil import bill along with investments outflow from the weakening stock markets had resulted in the depreciation of Rupee. As industrial growth slowing down, the economic environment looks challenging to the banking industry in 2008-09 characterized by pressures on its net interest margins, treasury profits, asset quality management etc. However I am confident that India has sufficient strength in the form of higher rate of domestic savings and investments and large-sized domestic market that will help it weather the current economic slowdown. BANKS FINANCIAL & PERFORMANCE HIGHLIGHTS In the background of the said economic environment, the performance of the bank in the year just gone by has been spectacular in the co-operative banking industry in several areas. The years results have already been covered in detail in the Annual Report. Therefore, I will present a fairly brief summary of results.

NET PROFIT I am happy to inform that the bank has recorded the highest ever profit in the history of the bank. for more detail please refer our Progress Report OTHER HIGHLIGHTS During the year under report, the paid-up Share Capital of the Bank showed a net increase of Rs. 10.53 lacs and during the same period the reserve increased by Rs. 40.47 lacs. The Deposites at Rs. 111.09 crore as on 31.03.08 showed an increase of Rs. 10.00 crore when compared to the total Deposites of Rs.101.09 crore as 31.03.07 recording an increase of about 9.89%. Lones and advances grew by Rs. 6.44 crore during the same period and stood at 69.09 crore as on 31/03/08 as growth of over 10.28%. The Credit Deposit Retio worked out to 61.97% just above the bench mark stipulated by Reserve Bank of India. The net profit of the Bank amounted to Rs. 25.16 lac for the year under report, as against Rs. 32.16 lac for the previous year. The reason for lower profit is attributable to reduction in rates of interest on advances. The Banks Capital to Risk Weighted Assets Ratio (CRAR) stood at 12.71% as on 31.03.08 as against the minimum requirement of 9%. The proportion of Banks net Non performing Assest (NPA) to Net Loans and Advances outstanding stood at 4.85% as on 31.03.08. The Bank is regular in paying insurance premium on deposits to the Deposit Insurance & Credit Guarantee Corporation (DICGC) and has paid the premium up to the half year ended 31.03.08. The Board values the cordial relationship between the employees and the management and appreciated the hard and dedicated work put in by the staff during the year under review. AWARDS AND ACCOLADES Bank has awarded always Audit clarification award A Grade Bank has also received a Merit Certificate from Max Newyark Insurance, in appreciation of the outstanding contribution made by the bank towards development of banc assurance business and thereby commemorated as a qualifier for Big Leap contest.

TECHNOLOGY INITIATIVES In its quest to leverage technology as an enabler for providing superior customer experience and broad-based business expansion with cost consciousness, bank has implemented Core Banking Solutions in all its 14 branches. HUMAN RESOURCES The Banks new initiatives could not have come about without the active involvement and support of its staff members. Our staff is aware of the challenges and has fully embraced the Banks core principles about banking. To enable them to discharge their duties more effectively and efficiently, training is being imparted on issues relating to banking, technology, credit and other latest trends in banking industry, through our staff training centre as well as at reputed training institutes, both local and outstation. ACKNOWLEDGEMENTS I take this opportunity to extend my sincere thanks to all the members of the bank and also all the esteemed customers for their whole hearted support and patronage to the bank over the years. I thank all my colleagues on the Board for their co-operation and support. I thank the officials of Reserve Bank of India, Central Registrar of Co-op. Societies, New Delhi and other officials in the Ministry of Department of Agriculture, State Registrars of Co-operative Societies of UP, Rajasthan and Maharashtra and other regulatory authorities for their continuous support and guidance and encouragement. I acknowledge and thank the contributions made by the Auditors, Legal Advisors, Consultants and Arbitrator. I thank the National Federation of Co-operative Urban Banks (NAFCUB), U.P. State Cooperative Urban Banks Federation Ltd., for taking up important issues of Urban Cooperative Banks at various levels. I, along with my other colleagues on Board place on record our appreciation of the services rendered by the Managing Director, General Manager and staff members of the bank for their devoted services and look forward to their continuous co-operation in the banks efforts to scale new heights in business and customer service. "Jai Hind"

Progress Report Particulars 31.03.05 31.03.06 31.03.07 31.03.08 31.03.09

1. Paid- up share Capital 2. Reserves 3. Deposites 4. Loans & Advances 5. Investments 6. Net Profit for the year 7. Working Funds

116.17 425.42 8575.76 5605.23 3294.39 61.94

127.28

145.09

155.62 619.38 11109.42 6908.66 4708.33 25.42 12654.83

166.12 643.56 13059.06 7273.46 6327.61 41.14 14928.07

508.44 578.91 9298.03 10108.74 5822.80 6264.63 3656.16 54.36 4639.03 32.16

9627.07 10433.96 11719.36

deposite schemes are as follows : Fixed Deposits Deposits are accepted from 30 days to 10 years. Interest will be paid at regular intervals (monthly/ quaterly/ half-yearly ) according to your choice Recurring Deposit (R.D) Small regular savings that grow into a lump sum amount.

lation to lending es

n Forms issued by the Bank Should only be used. an Application Form is used, please ensure that the same is duty authenticated by the Manager of t amp. prescribed Application Form, the applicant would do well to enquire from the concerned branch abo e required to be furnished along with the Application Form so that the form, complete in all respects e time schedule for disposal of an Application form would commence only from the data when the B spects. es, at the following rates, will be payable by the applicant at time of submitting the Application Forms Application Form for Credit Facilities (by purpose) (1) 1.Personal Lone Processing Charges (Rs.) (2) 500

2.Two Wheeler Loan 3.Car Loan 4.Building Value Loan/Overdraft 5.Retail Trade Loan upto Rs. 50,000 (inclusive) 6.Loan/Limit against NSC/LIP/KVP 7.Loan/Limit for purchase of consumer durables 8.Temporary Over Draft 9.All other Loan Limits 10.Renewal of cash Credit/Over Draft Limit

500 1500 0.5% of the Loan/Limit 500 0.5% of the Loan/Limit (minimum500/maximum 1000)

0.5% of the Loan/Limit 250 Per Laces(minimum1000/maximum 5000) 0.5% of the Loan/Limit (minimum250/maximum 12500) Rs.150 per Laces Loan/Limit (minimum250/maximum 10000)

e refunded in case of non-acceptance of Application by the Bank for any reason. Application Form received by the bank complete in all respect would be as fallows: Application Form for Credit Facilities (1) Upto Rs. 25,000 (inclusive) Over Rs. 25,000 but upto Rs. 2,00,000 (inclusive) Over Rs.2,00.000 Time Frame for disposal (2) 10 days 25 days 45 days

y to anybody is an absolute prerogative of and at the sole discretion of the Bank, The purpose for w unds lent by the Bank i.e. incremental income generation, besides Credit worthiness of the applicant n considerations for acceptance or rejection of an Application.

llowing rates, will be payable by the applicant at the acceptance of the terms and conditions of sanc Application Form for Credit Facilities (1) Upto Rs. 50,000 (inclusive) Over Rs. 50,000 but upto Rs. 2,00,000 (inclusive) Documentation Charges (Rs) (2) 250 500

Over Rs. 50,000 but upto Rs. 5,00,000 (inclusive) Over Rs.5,00.000

1000 2000

rom the Bank, a copy each of Loan Agreement together with a copy each of all enclosures quoted th 100 (Rupees one hundred).

and conditions including interests rates, services charges, etc. subsequent to the disbursement of a st recorded address with the Bank, shall be deemed due and proper notice.

hat the Bank is obliged to allow drawings upto the sanctioned limit or the permitted drawing power w ings if ever allowed, as special case, Bank does not have an obligation to meet futher requirements ness etc. t (C) Managed by: Debug Vehicle Consumer Loans Loans 1. For Purchase of 1. For 2 Consumer durables & Household articles (75% of Wheelers upto 75% of the cost ) 2. For Purchase of cost of Computer (50% of the cost ) Vehicle 2. For 3 Wheelers 75% 3. For 4 Wheelers upto 75% of cost of Vehicle Housing Loans Againt /NSC Loans Loans/OD Facility /Govt. security.) 1. For construction Spot Sanction (Upto75%NSC,LIC,KUP,etc. of House/Flat. of Face Value) least formalities. 2. For purchase of House/Flat.

3. For renovation of House/Flat. 4. For purchase of Open plot for House Construction. 5. Quantum of loan-up to Rs.50 lakhs. Industrial Loans & Advances Finance(SSI Against Shares Unit) Maximum Limit : Rs. 10.00 1. Working Lakhs Capital a. Duration : One Year Facility b. Purpose : Any Purpose a. Cash except share broking credit business against Security : stocks. a) Pledge of shares b. Cash b) Personal guarantee of credit against Book third party having "A" adequate income and net Debts. worth c. Bill Discounting / c) Margin : 50% d) Shares eligible for Bill drawn under L.C. finance : Actively traded Discounting. group shares on BSE & d. Buildings Nifty in NSE. Value Loans e) Form of Shares Demat form only. Scheem A. For individual B. For Business purpose e. O.D.

against mortgage of property. 2. Term Loan a. For acquisition of Machinery and Assets. b. For Construction of buildings. Education Loan. Facility available.please Contact for more detail...

GES - INTEREST RATE FOR LOAN : Rate of %p.a. with monthly rests Effective from 01. 10. 08 14.00

Type of credit facility

1.Loans to Transport operators (0wning not more than 10 Vehicles including the one Proposed to be purchased 2.Loans for other business purposes: Upto Rs. 2.00 lacs inclusive Over Rs. 2.00 lacs 3. Advance against Selective Credit Control Commodities 4. Housing Loan (a) General Public 1) Upto 5 years inclusive (11)Over 5 years & Upto years inclusive 10 (111) Over 10 year

14.00 15.00 14.00

11.50 12.00 12.00

(b) Salary earners where salary is disbursed through our Bank and where undertaking from the employer for remittance of salary /deduction of EMI is available/ Staff of PPN College. (i)Upto 5 years inclusive (ii) Over 5years & Upto 10 years inclusive (iii) Over 10 years 5. Loans to Professionals & self-employed persons 6. Educational Loan Upto Rs. 5.00 lacs inclusive 7. Car loan to Individuals 8. Loan against Units of Mutual funds /NSC/ KVP/IVP LIC / LIC Policies 1. Loan against Shares /Debentures of joint Stock companies and against Govt. Securities 1. Loan for consumer durables (a) Loan for 2 wheeler moter (b)Loan for other Purpose 11. Personal loan (a) General Public (b) Salary earners where salary is disbursed through our bank and where undertaking from the employer for remittance of salary/ deduction of EMI is available /staff of PPN college. 12. Temporary Overdraft 13. Advance against Banks own Term Deposit (a) To senior citizens against their own term deposit(s) (b) To other than Senior citizens against their own Term Deposit(s)

11.25 11.75 12.25 14.00 14.00 14.00 14.00 14.00

17.00 17.00 17.00 15.00

16.00 1% above the rate of interest on the deposit 2% above the rate of interest on the deposite

(c) To other Persons , secured by term deposite(s) held in the name of : (i) A borrower either singly or jointly with another or others, against his / their own deposit (ii) A partnership firm ,against the the deposit in the In the name of one of the partners of the partnership. (iii) A guardian of a ward who is competent To borrow on behalf of the ward As above and for The benefit of the ward , against the deposit

In the name of the ward (d) All other persons, secured by Term Deposit (s) held in the name(s) of third party (ies) 14. Building value Loan 15. Building value over Draft Facility

3% above the rate of interest on the deposit 13.50 14.00

t (C) Page no. 25/2009- 2010 Date 27.10.2009 Manager, All Branches/ Head Office Sub- Interest rate on fix deposit Present Detail Interest From 46 days to 179 5.50 From180 days &more but Less than 6.50 1 year 1year &more but less than two year 7.0 2 year &more but less than 3year 7.25 3 year or more 7.50

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terest Deposits