Hyderabad, one of the city’s leading cooperative banks, The Agrasen Cooperative Urban Bank Limited, today officially announced the merger with Agroha Cooperative Urban Bank, approving it in a special general meeting. With this merger, the bank plans to expand its branch network. The plan is to open two more branches by the end of the year and an additional five branches in the next financial year, while the bank aims to increase its total number of branches to 20. Through this merger, the bank’s business will reach ₹1292.37 crore.

It was stated during the meeting that the bank’s journey has been continuously progressing for the past 28 years with everyone’s cooperation. During this period, the bank has achieved many notable milestones. The bank has recorded sustained and balanced growth in its network, business, net worth, digital banking, cybersecurity, and robust corporate governance.

Excellent Performance Shown by Reaching Business of ₹1,143 Crore

The bank’s total business had already crossed ₹1,000 crore by the end of the previous financial year. The bank has also performed well in the last quarter. As of the end of November, the bank’s total deposits reached ₹679.01 crore, loans and advances ₹464.80 crore, total business ₹1,143.81 crore, and share capital ₹25.35 crore. The bank has recorded positive and satisfactory growth in all other key parameters as well. It was stated that the proposed merger with Agroha Cooperative Urban Bank Limited holds strategic importance.

This is also a highly significant event for the community. It was said that it would be more appropriate to call it a confluence rather than just a merger. Over the years, Agrasen Bank has been continuously strengthened under the guidance of core values like trust, a customer-centric approach, and innovation. The banking sector has witnessed rapid changes due to technological innovation, evolving customer expectations, and regulatory reforms.

Various phases of mergers of public sector banks have already been completed. The Reserve Bank of India is also encouraging the integration of smaller urban cooperative banks with larger ones to benefit from economies of scale. This merger is a significant step towards strengthening Agrasen Bank’s position, expanding its reach, and enhancing its service capabilities, which will ensure long-term and sustainable growth.

Merger is a Confluence of Shared Vision & Service Commitment, Not Just Assets

It was further stated that this merger is not merely an integration of assets, but a confluence of shared vision, complementary capabilities, and a joint commitment to provide better service to customers. Agroha Bank brings with it a strong market presence, a loyal customer base, and distinct expertise, which will further enrich service capabilities. This will lead to an expansion of the branch network and digital reach. A wider range of products and services can be offered, operational efficiency and cost synergies will be achieved, and the capital base will be strengthened to accelerate market expansion.

This will be beneficial for customers, employees, and shareholders alike. It was reported that according to the report as of September 30, Agroha Bank’s total deposits were ₹90.30 crore, total loans were ₹58.17 crore, and total business was ₹148.58 crore. It was stated that Agrasen Bank has received national-level awards and the bank’s standing has improved in the eyes of the RBI. The bank was honored at the 18th Frontiers in Cooperative Banking Awards organized by Banking Frontiers for Best Investment Transformation and Best Compliance Transformation.

The bank has established seven new branches and seven ATMs after March 2025 in Attapur, Banjara Hills, Himayatnagar, Ameerpet, Gaganpahad, Kukatpally, and Madhapur. Now

Agrasen Cooperative Urban Bank Limited

Agrasen Cooperative Urban Bank Limited is a modern cooperative bank in India, named in honor of the legendary ancient Indian king Maharaja Agrasen, who is traditionally associated with principles of welfare and ethical trade. Founded in the contemporary era, it operates as an urban cooperative bank providing retail banking services, though specific details about its exact founding date and historical milestones are not widely highlighted in general cultural or historical discourse.

Agroha Cooperative Urban Bank

The Agroha Cooperative Urban Bank is a financial institution based in Agroha, Haryana, India, historically linked to the ancient city of Agroha, a significant capital of the Agarwal community. It was established to promote local economic development and cooperative banking principles in the region. While specific founding details are limited, it operates as part of the broader cooperative movement serving the area’s agricultural and urban banking needs.

Fatapsi Building

The Fatapsi Building is a historic commercial and residential structure in the heart of Tbilisi, Georgia. Built in the late 19th century during a period of rapid urban growth, it is a prominent example of eclectic architecture, blending Baroque and Art Nouveau styles. Today, it stands as a protected cultural monument, symbolizing the city’s vibrant mercantile past.

Hyderabad

Hyderabad is a historic city in southern India, founded in 1591 by Muhammad Quli Qutb Shah. It is renowned for landmarks like the Charminar and Golconda Fort, which reflect its rich legacy as the capital of the Qutb Shahi dynasty and later the Nizams of Hyderabad. Today, it is a major technology hub often called “Cyberabad,” blending its regal past with modern innovation.

Reserve Bank of India

The Reserve Bank of India (RBI) is India’s central bank and monetary authority, established in 1935 under the Reserve Bank of India Act. It was originally privately owned before being nationalized in 1949, and it has played a pivotal role in managing the country’s currency, monetary policy, and financial system, especially after India’s independence. Today, it is headquartered in Mumbai and is responsible for regulating the Indian banking sector and ensuring economic stability.

Banking Frontiers

“Banking Frontiers” does not refer to a specific physical place or recognized cultural heritage site. It is typically the title of a financial technology magazine or a conceptual term describing the evolving landscape and innovations within the banking industry. Therefore, it lacks a historical background as a geographical or cultural location.

18th Frontiers in Cooperative Banking Awards

The “18th Frontiers in Cooperative Banking Awards” is not a physical place or cultural site, but an event—specifically an awards ceremony. It is part of an annual conference series organized by the European Association of Co-operative Banks (EACB) to recognize innovative research and thought leadership in the cooperative banking sector. The history of these awards is tied to the EACB’s ongoing mission, since its founding, to promote and develop the cooperative banking model across Europe.

Agroha Cooperative Urban Bank Limited

Agroha Cooperative Urban Bank Limited is a financial institution based in Agroha, Haryana, India, primarily serving the local urban community. Its history is connected to the broader cooperative banking movement in India, which emerged to provide accessible credit and financial services, particularly in agricultural and regional urban centers. While specific founding details are limited in broader historical narratives, it operates as part of this cooperative framework focused on local economic development.