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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      


 

 
    Francis Cutinho, Chairman    

 

 

Grateful Acknowledgements to the services of

FORMER CHAIRMEN :

Shri P F X Saldanha

Shri Simon Alvares

Shri J A Saldanha

Shri P DíSouza

Shri J H A Mascarenhas

Dr L P Fernandes

Shri A M Martis

Rao Saheb J S Lasrado

Shri P DíSouza

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 DíSouza

Shri Valentine DíSilva

Shri M P Noronha

Shri Melwyn D'Cunha    
 

 


 

                    
               

 

 

Visit us at : 
www.mccbankmangalore.com
 

 

 

 
Comments on this article
JULIA DISOUZA MANGLORE, Thursday, September 19, 2013
congrats all the newly elecated directors 2013-14.specialy frances cutinha permai,chairman of mcc bank mangalore. wish you all the best. god bless you.
Comment on this message

vanish, putturWednesday, February 13, 2013
customer support is good
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