Mangaluru: MCC Bank Ltd has reported an operating profit of ₹13 crore for the financial year ended March 31, 2026, and announced plans to expand its network with new branches at Deralakatte in Dakshina Kannada and Katapady in Udupi district.
The Bank, which is set to complete 114 years of service, has shown strong growth across key financial parameters, reflecting consistent performance and strategic expansion.
Strong financial growth and performance
The Bank recorded a total business turnover of ₹1,525 crore, marking a growth of 23%. Deposits stood at ₹872.88 crore, registering a 23.74% increase, while total advances reached ₹652.06 crore, growing by 21.79%.
The working capital rose to ₹1,008.97 crore, and the net worth increased to ₹91.80 crore from ₹83.76 crore in the previous year. The Bank also reduced its Net NPA to 1.25%, demonstrating improved asset quality.
Its Capital to Risk Assets Ratio (CRAR) stood at 17%, well above the regulatory requirement of 12%.
Expansion plans and new branches
As part of its growth strategy, MCC Bank plans to increase its total number of branches to 25 during the financial year 2026–27.
The Bank has received approval to open:
- 22nd branch at Deralakatte by June-end
- 23rd branch at Katapady by early August
Further expansion plans include:
- 24th branch at Vamanjoor by year-end
- 25th (Silver) branch in Mangaluru
The Bank also plans to shift several branches, including Morgansgate, Karkala, and Moodbidri, to improved premises.
Infrastructure and service expansion
During the year, MCC Bank opened its 20th branch at Byndoor and 21st branch at Santhekatte. It also expanded its ATM network to 15 locations, including Belman, Surathkal, Udupi, Belthangady, Kinnigoli, and Kulshekar.
The Bank operates on a fully Core Banking platform and offers services comparable to private and public sector banks. It is also one of the few urban co-operative banks in Karnataka offering NRI banking facilities.
Customer-focused services
MCC Bank provides a wide range of financial products, including:
- Education loans (domestic and international)
- MSME and business loans
- Housing and vehicle loans
- Loans for personal needs such as weddings and home repairs
- Locker facilities at affordable rates
ATM and mobile banking services are offered free of charge. Deposits are insured under the Deposit Insurance and Credit Guarantee Corporation (DICGC) of the Reserve Bank of India.
Leadership and stakeholder support
The Bank attributed its growth to the continued trust of its members, customers—including strong NRI support—and the dedication of its employees.
Chairman Anil Lobo, Vice Chairman Jerald Jude D’Silva, along with directors and General Manager Sunil Menezes, were present during the press meet held on April 7, 2026, at the Head Office in Hampankatta.
Conclusion
With strong financial performance and ambitious expansion plans, MCC Bank continues to strengthen its presence across Karnataka. The Bank aims to achieve further growth milestones while maintaining customer trust and service excellence.
