ಬ್ರೇಕಿಂಗ್ ನ್ಯೂಸ್
31-07-25 10:14 pm Mangaluru Correspondent ಕರಾವಳಿ
Mangaluru, July 30, 2025: MCC Bank Ltd, which recently completed 113 years of dedicated service, is all set to inaugurate its 20th branch in Byndoor on August 3, 2025. The announcement was made by Chairman Sahakara Ratna Shri Anil Lobo during a press conference held at the MCC Bank Board Meeting Hall, Hampankatta, Mangaluru.
The inauguration ceremony will be presided over by Shri Anil Lobo, with the branch premises being blessed by Rev. Fr Vincent Coelho, Parish Priest of Holy Cross Church, Byndoor. MLA Gururaj Gantehole will attend as chief guest, along with several other dignitaries including Shri Babu Shetty, Rev. Fr Philip Nelivilla, Shri Raju Poojari, Shri Sadashiva D. Paduvari, Shri Kapsi Noor Mohammed, Shri Nagesh Kharvi, and Shri Mobi P.C., who will be guests of honour.
Under the current board’s leadership since 2018, MCC Bank has recorded significant growth. Business turnover has grown by 162%—from ₹496 Crores to ₹1,300 Crores. Deposits have increased by 139%, from ₹304 Crores to ₹728 Crores, and loans have risen by 199%, from ₹191 Crores to ₹572 Crores. The Bank’s share capital and reserves also grew substantially, and CRAR improved from 11.70% to 18.92%. Return on Assets rose from 0.56% to 1.40%.
MCC Bank now operates across Karnataka, with a full range of banking products and services using core banking technology. It provides education loans for domestic and international studies, MSME loans, vehicle and housing loans, gold loans with no processing fees, locker facilities at low cost, and free mobile and ATM banking. Deposits are insured by DICGC as per RBI guidelines.
Along with the Byndoor branch, the Bank will expand its ATM network:
Vice Chairman Jerald Jude D’Silva, General Manager Sunil Menezes, and Board Directors including Andrew D’Souza, Dr Gerald Pinto, Anil Patrao, and others were present at the press meet.
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