BHEL Employees Co-operative Credit Society Limited, R.C Puram, Hyderabad was started with 271 Members in 1976 with a Seed Capital of Rs. 3360/-. As on 2017 year closing date, our membership has reached 4739 and Share Capital is at Rs.2.2611 Crores.

The present towering position of the Society is possible only because of you members, who have taken pains to give proper direction to the Management Committee. At the same time the Managing Committee has also been performing their duties with utmost honesty and dedication. We promise to this audience once again, that there would be no stone left unturned to make our Society reach more heights in future.

BHEL Employees Co-operative Credit Society Limited, R.C Puram, Hyderabad was started with 271 Members in 1976 with a Seed Capital of Rs. 3360/-. As on 2017 year closing date, our membership has reached 4739 and Share Capital is at Rs.2.2611 Crores.

The present towering position of the Society is possible only because of you members, who have taken pains to give proper direction to the Management Committee. At the same time the Managing Committee has also been performing their duties with utmost honesty and dedication. We promise to this audience once again, that there would be no stone left unturned to make our Society reach more heights in future.

Some of other important milestones achieved are follows.

  • Introduction of Lockers Facility to members.
  • No reduction of Interest Rates even after repeated reduction by RBI
  • Installed Solar power station in the first floor of the society with help of State Govt Subsidy, and the Floor is successfully running on solar power.
  • Conducted interactive session on Career in Banking, with special Focus on AXIS BANK YOUNG BANKERS PROGRAM. For the benefit of our members dependents in HRDC.
  • Initiated Statutory Audit by the Chartered Accountants as per the advise of the Chief Auditor,Cooperative Department, Telangana Government.
  • Insurance Benefits paid to deceased members dependents of 16 Nos. an amount of Rs. 70.87 Lakhs.
  • Effective implementation of Demonetization, according to Central Government Guidelines.

External Environment

The Bank Interest Rates for Personal Loans are still in the range of 11 % – 14 % p.a. However, we have maintained our Interest Rates at the lowest possible at around 9.5% – 10.5%.

Credit from outside agencies like Banks is getting difficult due to reducing Net Salaries of members; hence our new schemes are optimized for Long Duration and Fat Loan Sanctions.

Future Outlook

With all your support and guidance, our Society is on a Strong Wicket.

However, it is very important for the society to build up its own Infrastructure in terms of Fixed Assets like Land,

Buildings, Convention Centers and other Income Generating Assets so that the same can be used for the benefit of the members and growth of the Society.

To achieve this, Society needs to build up a Chest of Funds, to be used at an appropriate time. I sincerely wish, this August gathering would give us a direction in this regard.

Personnel Relations

We pleased to inform you that the relations with all the employees of the Society were cordial and encouraging during the year under review and on behalf of the Board of Directors; I acknowledge the co-operation and contribution of the entire workforce.

Some of other important milestones achieved are follows.

  • Introduction of Lockers Facility to members.
  • No reduction of Interest Rates even after repeated reduction by RBI
  • Installed Solar power station in the first floor of the society with help of State Govt Subsidy, and the Floor is successfully running on solar power.
  • Conducted interactive session on Career in Banking, with special Focus on AXIS BANK YOUNG BANKERS PROGRAM. For the benefit of our members dependents in HRDC.
  • Initiated Statutory Audit by the Chartered Accountants as per the advise of the Chief Auditor,Cooperative Department, Telangana Government.
  • Insurance Benefits paid to deceased members dependents of 16 Nos. an amount of Rs. 70.87 Lakhs.
  • Effective implementation of Demonetization, according to Central Government Guidelines.

External Environment

The Bank Interest Rates for Personal Loans are still in the range of 11 % – 14 % p.a. However, we have maintained our Interest Rates at the lowest possible at around 9.5% – 10.5%.

Credit from outside agencies like Banks is getting difficult due to reducing Net Salaries of members; hence our new schemes are optimized for Long Duration and Fat Loan Sanctions.

Future Outlook

With all your support and guidance, our Society is on a Strong Wicket.

However, it is very important for the society to build up its own Infrastructure in terms of Fixed Assets like Land,

Buildings, Convention Centers and other Income Generating Assets so that the same can be used for the benefit of the members and growth of the Society.

To achieve this, Society needs to build up a Chest of Funds, to be used at an appropriate time. I sincerely wish, this August gathering would give us a direction in this regard.

Personnel Relations

We pleased to inform you that the relations with all the employees of the Society were cordial and encouraging during the year under review and on behalf of the Board of Directors; I acknowledge the co-operation and contribution of the entire workforce.