Media Release

Mangaluru, Jul 30: MCC Bank Ltd, with a rich legacy of 113 years, is set to inaugurate its 20th branch at Byndoor on August 3 after achieving a significant business turnover of Rs 1,300 crore for the financial year ending March 31, 2025.

The announcement was made by chairman Sahakara Ratna Anil Lobo at a press meet held at the bank's head office in Hampankatta.

With consistent support from NRIs and strong performance under the current board, the bank’s net worth has increased from Rs 76 crore to Rs 83.76 crore. MCC Bank now operates across Karnataka and has seen remarkable progress since Anil Lobo and his team assumed leadership in 2018.

In the last seven years, the bank has recorded:

• Deposits growth from Rs 304 crore to Rs 728 crore (139%)

• Loans and advances from Rs 191 crore to Rs 572 crore (199%)

• Share capital from Rs 13 crore to Rs 33 crore (154%)

• Reserves from Rs 29 crore to Rs 79 crore (172%)

• Total business from Rs 496 crore to Rs 1,300 crore (162%)

• CRAR from 11.70% to 18.92% (62%)

• Return on Assets from 0.56% to 1.40% (150%)

With a clear strategy, efficient management, and regulatory compliance, the bank has added new branches after a 22-year gap, including those in Brahmavar, Belthangady, and Belman. The Byndoor branch inauguration will be presided over by Anil Lobo. Rev Fr Vincent Coelho, parish priest of Holy Cross Church, Byndoor, will bless the new premises. Byndoor MLA Gururaj Gantehole will be the chief guest.

Guests of honour will include:

• Babu Shetty, managing trustee, Shri Mookambika Temple, Kollur

• Rev Fr Philip Nelivilla, principal, St Thomas Residential School

• Raju Poojari, former president, Udupi Zilla Panchayat

• Sadashiva D Paduvari, nominated member, Byndoor Town Panchayat

• Kapsi Noor Mohammed, vice president, Shiroor gram panchayat

• Nagesh Kharvi, president, Nadadoni State Association

• Mobi P C, president, Byndoor Bar Association

Upcoming ATM launches:

• 9th ATM at Belman on August 9

• 10th ATM at Surathkal on August 10

• 11th ATM with branch shifting to own premises at Kulshekar on August 17

• 12th ATM at Kinnigoli on September 14

• 13th ATM at Udupi on September 27

• 14th ATM at Santhekatte on October 5 (with 21st branch opening)

MCC Bank offers a wide range of financial services including low-cost locker facilities, education loans (domestic and abroad), MSME loans, vehicle and housing loans, wedding and household loans, and gold loans with zero processing fees. Free ATM and mobile banking are also provided. All deposits are insured by the DICGC under RBI norms.

Present at the press meet were Jerald Jude D'Silva (vice chairman), Andrew D'Souza, Dr Gerald Pinto, Anil Patrao, J P Rodrigues, David D'Souza, Elroy Kiran Crasto, Herald Monteiro, Roshan D'Souza, Melvyn Vas, Vincent Lasrado, C G Pinto, Sushanth Saldanha, Irene Rebello, Dr Freeda D'Souza, Alwyn Monteiro, Felix D’Cruz, Sharmila Menezes (directors), and Sunil Menezes (general manager).