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The financial statements of the Bank have been prepared in accordance with the generally accepted accounting principles in India.

The Bank has prepared these financial statements to comply in all material aspects with the Accounting Standards issued by the Institute of Chartered Accountants of india (ICAI) to extent applicable, applicable statutory provisions under the Banking Regulation Act,1949& Maharashtra Co- operative Societies Act,1960,Circulars and Guidelines issued by the Reserve Bank of lndia(RBI')from time to time and current practices prevailingin the Co-operative Banking sectorin India.

The financial statements have been prepared following the going concern concept on an accrual basis under the historical cost convention.

The accounting policies adopted in the current year are consistent with those of previous year.

Bank has successfully implemented Cloud based Core Banking Solution (CBS). This has resulted in extending Value Added Services to its clientele.

Bank now offers ATM, Mobile Banking, UPI services.