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Notice of the 2 nd General Body Meeting For 2023-24

Notice is hereby given to the Members that the 56 th General Body Meeting of the Bank will be held on Thursday 7 th March 2024 at 4.00 p.m at Kutchhi Bhavan, 3-5-141/2/A/1, Ramkote, Hyderabad - 500 001 to transact the following business.

  1. To approve the Annual Budget of Income & Expenditure for the year 2024-2025.
  2. To approve the Annual Business Plan for the year 2024-2025.
  3. To approve / ratify admission of Members / allotment of additional shares / withdrawal and refund of share capital during the period from 01.05.2023 to 31.12.2023.
  4. To ratify the Sale / Purchase of Investments done by the Bank during the period from 01.05.2023 to 31.12.2023.
  5. To review all overdue/NPA/ and suit filed loan accounts.
  6. To consider and approve amendments to the clause 9 B (i), 10 (i) (ii) & (iii) and 41 (a) & (d) of the Byelaws of the Bank
  7. To consider and approve the Staff Service Rules of the Bank
  8. To consider any other matter with the permission of the Chairman including such matter as may be required under the Act or Rules.

All Members are requested to attend the Annual General Body Meeting.

Date: 20-01-2024
Place: Hyderabad.
By order of the Board of Directors
Chief Executive Officer


1. In the event of absence of quorum, the adjourned General Body Meeting will be held at the same venue and on the same day after 30 minutes of adjournment.

2. Members are requested to bring along with them their share certificates/Identity Cards for identification.

3. Members are requested to update their Account No. Address. Mobile Number and email ID in Bank records.

For Kind Attention of Our Esteemed Locker Holders

To comply with the revised guidelines of RBI, Customers of the bank are hereby informed through this Public Notice to renew their Locker Agreement by visiting their concerned Branch immediately.

We look forward to your immediate response to help us serve you better.

All the Locker Holders are hereby called upon to renew their Agreement by visiting the branch at the earliest.

Hyderabad Sd/-
Authorized Officer,


Sale Notice for sale of Immovable assets under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security interest Act 2002 read with provision to Rule 8(6) and Rule 9(1) of the Security Interest (Enforcement) Rules, 2002.

Notice is hereby given to the public in general and in particular to the Borrowers, Co-obligants and Guarantors (details mentioned in table) that the below described immovable property mortgaged/charged to Vardhaman (Mahila) Co-operative Urban Bank Ltd., the Symbolic possession of which has been taken by the Authorised Officer of Vardhaman (Mahila) Co-operative Urban Bank Ltd., will be sold on “ As is where is “,”As is What is”, and “Whatever there is” basis on 24th January 2023, time 01.00 pm onwards for the recovery of dues (Mentioned below) to the Vardhaman (Mahila) Co-operative Urban Bank Ltd., from borrowers, guarantors and Co-obligants. The reserve Price and the earnest money deposit will be as mentioned in the below table.

Names of the Accounts , borrowers, Guarantors, etc.

M/s Impact Metals Ltd (Borrower): Regd. Office: Survey No.296/7/4,IDA Bollaram, Jinnaram Mandal Medak District- 502325. Factory Address : Plot No. #A24, Road No. 6, Gandhi Nagar, I.D.A., Kukatpally, Hyderabad – 500037.


Mr.Gorrepati Ramachandram S/o Late G.V.Subba Rao Plot no.7,Flat No-4(204), Sunrise Apartments, Naveen Nagar Near Hotel Taj Krishna, Khairatabad, Hyderabad-500004.

Mr.Gorrepati Venkata Rao S/o Late G.V.Subba Rao Plot no.7, Flat No-5, (205) Sunrise Apartments, Naveen Nagar Near Hotel Taj Krishna, Khairatabad, Hyderabad-500004.

Mr.Bhogavalli Trinadha Rao S/o. Gangaraju Bhogavalli 10-5-8/9/A, Flat No. 301, Sai Jyothi Plaza, Sriramnagar Colony, 1st Lancer, Near Ahmednagar, Masab Tank, Hyderabad-500028.

Details of the property


“All that the property bearing Flat No. 204, (Flat bearing Muncipal No. 6-3-596/78/204), Second Floor, admeasuring 900 Sq. Feet, including common areas, and car parking space , along with undivided share of land admeasuring 52 Sq. Yards, out of 368 Sq. Yards or equivalent to 319.25 Sq. Meters, and covered car parking at Sunrise apartments, Flat No.204, Plot No.7, bearing Municipal No.6-3-596/78/204, situated at Naveen Nagar, Khairatabad, Banjara Hills Road, Hyderabad, Telangana State, (PTIN No.1100607767) belonging to Sri GORRIPATI VENKATA RAO and bounded by


North –Open to Sky South- Corridor and Flat No.205
East –Open to Sky West –Open to Sky


North –Road South- Road
East –H.No. 6-3-595/77/2 West –Road


Reserve price: Rs.41,57,000.00

EMD: Rs.4,15,700.00

Payable by way of RTGS/NEFT/DD/PO/Banker’s cheque, favouring Vardhaman (Mahila) Co-operative Urban Bank Ltd, Hyderabad drawn on any commercial bank, along with Tender form in a closed cover.

RTGS/NEFT details:

A/c Name: M/s Impact Metals Ltd - EMD account

Bank : Vardhaman (Mahila) CO-OP Urban Bank Ltd. Branch: Banjara Hills

A/c No : 101010011000233 , IFSC Code: HDFC0CVB010

Outstanding Liabilities:

In the accounts of M/s Impact Metal Ltd.: Rs.48,00,870.55 (Rupees Fourty Eight Lakhs Eight Hundred and Seventy Paisa Fifty Five only) plus interest from 31.03.2022 and expenses thereon.

Terms And Conditions of Auction:

1) The above said property will be sold by the Authorized Officer and tender forms can be obtained by the intending buyers from VARDHAMAN (MAHILA) CO-OPERATIVE URBAN BANK LTD., Head Office, 8-2-351/N/1, Nishant house,3rd floor, Banjara Hills, Hyderabad from 02.01.2023 to 23.01.2023, Time:11 A.M to 04.00 P.M

2) For Participating in the auction, the intending bidders have to deposit an amount equivalent to 10% of Reserve price of the property being auctioned on or before 12.00 noon of 24.01.2023 as a refundable earnest money deposit by way of RTGS/NEFT (Details given above) OR D.D./PO/Banker’s cheque drawn on any commercial bank favoring Vardhaman (Mahila) Co-operative Urban Bank Ltd, Hyderabad along with Tender form in a closed cover.

3) The Tender/Auction Sale shall be conducted as per the rules of SARFAESI Act, 2002. The bank reserves the right to conduct the open auction among the persons who participated in Tender Sale or can also postpone the Auction without further communication to Borrowers/Guarantors or anyone. The successful bidder should deposit 25% of the bid amount on the same day/next working day, by way of cash / D.D/pay order/Banker’s cheque; drawn on Nationalized bank inclusive of the EMD amount and balance of the bid amount shall be paid within 15 days from the date of opening of tenders.

4) The successful bidder will be given only Symbolic possession of the Auctioned property in “As is where is basis” , “As is What is basis” and “Whatever there is basis” subject to fulfillment of Auction Terms.

5) The successful bidder shall bear all expenses like stamp duty, registration fee, other statutory dues etc., in connection with transfer of Auctioned property.

6) If the successful bidder defaults in effecting payments or fails to adhere to the terms and conditions of the tenders / auction in any manner the amount already deposited will be forfeited and he/she shall not have any claim as such for the forfeited amount.

7) The Authorized Officer shall have powers to accept or reject bids or postpone/cancel/accept/alter/modify terms and conditions of tenders/offer at any time without assigning any reasons therefor.

8) The intending bidders are at liberty to make to their own assessment/enquiry about the property.

9) For inspection of the property, Documents and other particulars the intending bidders may call on phone no. 040-46664777 from 04.01.2023 to 18.01.2023 by 11.00 am to 4.00 pm.

The Right of Redemption lies up to 30 Days from date of acknowledgement/ publication whichever is earlier

Auction Place, Date and Time:
Vardhaman (Mahila) Co-operative urban bank ltd.
Head Office: 8-2-351/n/1, Nishant house, 3rd floor, Road no.2,
Banjara Hills, Hyderabad-500 034.(T.S).
Phone : no. 040-46664777.
Email: ho@vardhamanbank.com
On 24th January 2023, from 1.00 pm onwards.

(This may also be treated as Notice u/r 8(6) rule 9(1) of Security Interest (Enforcement) Rules, 2002 to the borrowers/s and guarantor/s of the said loans about the holding of Auction sale on the above mentioning date)

Hyderabad Sd/-
Authorized Officer,


Elections were conducted for the Managing Committee of the Bank by the Deputy Registrar of Cooperative Societies, Hyderabad and Election Officer on 11-12-2021 and the list of new Board of Directors is given hereunder.


1) Sri. Ritesh Kumar Daga - Chairman
2) Smt. Nirmala   Daga - Sr. Vice Chairperson
3) Smt. Rajkumari  Bai - Vice  Chairperson
4) Smt.Chayya  S Golechha - Director
5) Smt. Dr. Asha Satish Khivsara - Director
6) Smt. Chhaya  Lohade - Director
7) Smt. Nirmala Jain - Director
8) Smt. Pushpa  Sancheti - Director
9) Smt. Pooja Jain - Director
10) Sri.  Shantilal  Khimji  Shah - Director
11) Sri.  Prem Prakash Singhvi,   C.A. - Director
12) Sri.  Tushar  Savla,  C.A - Director
13) Sri.  Mahender Kumar Jain Golecha. CA - Director
14) Sri.  Madan  Chand Jain - Director
15) Sri.  Jugraj  Jain - Director
16) Sri.  Shantilal  Daga,    C.A - Prof. Director (Co-opted)

Interest on Deposits

On the basis of suggestions received from many of our valued customers, the following changes have been introduced with effect from 29.02.2016 in the method of payment of interest on Fixed Deposits.

  1. Monthly Interest shall be paid on last day of each month.
  2. Quarterly Interest shall be paid on 31st March, 30th June, 30th September & 31st December.
  3. Half yearly Interest shall be paid on 30thSeptember &31st March.


RBI has issued fresh guidelines on KYC vide circular no. UBD.BPD (PCB ). Cir no. 23/14.01.062/2014-15 dated 22.10.14 as under :

  1. Banks have to give a notice of three months to the customers of accounts which are not KYC-compliant to submit documents required to make these a/cs KYC-compliant.
  2. A further period of three months should be given to the customers to complete the process
  3. After the six months period is over, the remaining accounts may be rozen”partially’, i.e, credits may be allowed, but debits shall not be permitted.
  4. If the accounts remain non-compliant six months after “partial” freeze is imposed, neither credits , nor debits shall be permited and the accounts shall be made “in-operative.

Therefore, all customers of the Bank are requested to contact their branch to find out the status of their accounts.

The following documents are required for making an account KYC-compliant :

Documents required as Id and/or  address proof


Accounts of individuals
• Legal name and any other names used (ID-proof)





  • Correct permanent address ( Address-proof )

(i) Passport (ii) PAN card (iii) Voter’s Identity Card (iv) Driving licence(v) Identity card (subject to the bank’s satisfaction) (vi) Letter from a recognized public authority or public servant verifying the identity and residence of the customer to the satisfaction of bank (vii) Job cards issued by NREGA duly signed by an officer of the State Government (viii) The Letter issued by the Unique Identification Authority of India containing details of name, address and Aadhar number or any other document as notified by the Central Government in consultation with the Reserve Bank of India or any other document as may be required by the banking companies or financial institution or intermediary
(i) Telephone bill (ii) Bank account statement (iii) Letter from any recognized public authority(iv) Electricity bill (v) Ration card(vi) Letter from employer (subject to satisfaction of the bank)

(any one document which provides details of both Id and address  to the satisfaction of the bank will suffice )

Accounts of companies
• Name of the company
• Principal place of business

•    Mailing address of the company
• Telephone/Fax Number

(i) Certificate of incorporation and Memorandum & Articles of Association (ii) Resolution of the Board of Directors to open an account and identification of those who have authority to operate the account (iii) Power of Attorney granted to its managers, officers or employees to transact business on its behalf (iv) Copy of PAN allotment letter (v) Copy of the telephone bill

Accounts of partnership firms
• Legal name
• Address

(i) Registration certificate, if registered(ii) Partnership deed (iii) Power of Attorney granted to a partner or an employee of the firm to transact business on its behalf (iv) Any officially valid document

Accounts of propritorship firms
• Legal name
• Address

Any one of the undernoted documents to be obtained. as Identity and address proof of the proprietor

 (i) Passport, PAN card, Voter ID card, Driving licence, Ration Card with photo, etc.

Any two of the undernoted documents to be obtained. as Identity and address proof of the proprietary concern

 (ii) Registration certificate (in the case of a registered concern), certificate/ licence issued by the Municipal authorities under Shop & Establishment Act, CST/VAT certificate/ return, complete Income Tax return ( not just the acknowledgment  ) of the sole proprietor where the firm’s income is reflected, duly authenticated / acknowledged by the Income tax authorities, utility bills such as electricity, water and landline telephone bills in the name of the proprietary concern, Licence issued by the Registering authority like Certificate of Practice issued by Institute of Chartered Accountants of India, Institute of Cost Accountants of India, Institute of Company Secretaries of India, Indian Medical Council, Food and Drug Control Authorities, etc.


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