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Sunday, December 04 2022
Mangaluru

MCC Bank celebrating its post-centenary decennial on Sun, Nov 27

MCC Bank celebrating postcentenary decennial on Sun Nov 27
Photo Credit : By Author

Mangaluru: The Mangalore Catholic Co-operative Bank Limited, popularly known as MCC Bank Ltd, celebrating post-centenary decennial celebrations on Sunday Nov 27, 2022 at Milagres College grounds at 5:45 p. m.

Bishops of Mangalore and Udupi Dioceses Rev Dr Peter Paul Saldanha and Rev Dr Gerald Issac Lobo, MLA Shri Vedavyasa Kamath, and NRI Entrepreneur and Philanthropist Dr Ronald Colaco will grace the occasion as distinguished guests on the occasion.

Founded in the year 1912 by Community leader P.F.X Saldanha and other like-minded community leaders in Mangaluru of undivided Dakshina Kannada district, MCC Bank has 16 branches in Dakshina Kannada and Udupi District. Out of 16, 14 branches are fully air-conditioned and the remaining 2 will be upgraded soon.

First time in the 110 years history of MCC Bank the bank recorded an NPA of 1.60per cent on March 31, 2022, under the chairmanship of Anil Lobo. The Net profit of the bank grew to 8.27 crores as of March 31, 2022, from 5.97 crores the previous year.

To commemorate the occasion of the Post centenary decennial year the bank has introduced a special term deposit scheme for a limited period of time at the interest rate of 7.60 per cent under the name post-Centenary Decennial Fixed Deposit. Customers can deposit their money without any hesitation as deposits up to 5 lakhs are covered by Deposit Insurance and Credit Guarantee Corporation Scheme, just like any other nationalized or commercial bank.

Apart from this, the bank is giving 5 per cent interest on student savings accounts, and Jewel, housing, vehicle, and education loans are available at very competitive rates. The bank is also awarding financial aid to the needy families of the community towards treatment, higher education, housing and marriage expenses of daughters to the tune of 10 to 15 lakhs as a part of its community commitment.

The Charity fund distribution program will be held on Saturday, Nov 26, 2022, at 3.30 pm at the P.F.X Saldanha Memorial Auditorium of the bank’s Head Office at Hampankatta Most of the branches are upgraded by the present chairman Anil Lobo and his team and advanced digital banking facilities will be made available by March 31, 2023.

Anil Lobo, President of MCC Bank will be presiding over the function. The post-centenary decennial celebration will be followed by a cultural program and will conclude with dinner.

The following officers were available at the Press Meet held on Thursday, November 24, 2022, at 12.30 pm, at MCC Bank Head office, Mangaluru: Anil Lobo Chairman;  Jerald Jude D’Silva Vice Chairman; Sunil Menezes General Manager;

and Directors:  Andrew D’Souza; David D’Souza; C.G Pinto; Marcel M D‘Souza; Roshan D‘Souza; Sushanth Saldanha; Joseph Anil Patrao; Dr Gerald Pinto; Felix D’Cruz; Harold Monteiro; Irene Rebello; Alwyn P, Monteiro; Elroy K Crasto; Dr Freeda D’Souza; Sharmila Menezes; J.P Rodrigues

Read more:

MCC Bank, B.C Road Branch holds Customer Meet

MCC Bank Ltd Founders Branch holds Customer Meet on Sunday Aug 28

MCC Bank Ltd celebrates ‘Azadi Ka Amrit Mahotsav’

MCC Bank Ltd. celebrates 94th Birthday of senior lawyer, Clarence Pais

MCC Bank’s Founder’s Day held, renovated building opened

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