MCC bank is one of the oldest co-operative banks, that has a history of 98 years. Over the years bank has gradually progressed. This year, after a gap of 5 years Bank has registered a profit. Due to reduced profitability the bank was not able to pay the dividend to it members since 2002. The year ended on 31 March 2010, the bank has earned a profit of 2.39 crores. This profit is the highest in the history of the bank.
The Board of Directors, under the leadership of Chairman Melwyn D'Cunha, has taken the bank to the path of progress leading to its healthy financial state. The deposits reached 133 crores from 93 crores and advances progressed from 42 crores to 90 crores. With strict adherence to RBI guidelines, the bank wishes to make further progress and become customer friendly. The head office is spruced up with renovation. In order to remain competitive Core Banking Solution and ATM network will soon be started across branches.
The management, keeping to its promise, has decided to pay dividend from the current year, quantum of which will be decided after the statutory audit and permission of the Reserve Bank.
PFX Saldanha, Founder
Melwyn D'Cunha, Chairman
Grateful Acknowledgements to the services of
FORMER CHAIRMEN :
Shri P F X Saldanha
Shri Simon Alvares
Shri J A Saldanha
Shri P D’Souza
Shri J H A Mascarenhas
Dr L P Fernandes
Shri A M Martis
Rao Saheb J S Lasrado
Shri P D’Souza
Rao Saheb A M Monteiro
Shri J Gonsalves
Shri J F B Frank
Shri J O B A Andrade
Shri Joseph Aranha
Shri Cyril J D’Souza
Shri Valentine D’Silva
Shri M P Noronha
TEAM MCC BANK
Visit us at :
www.mccbank.co.in
www.mccbankmangalore.com
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