Santhekatte, Udupi: MCC Bank Ltd – Santhekatte Branch celebrated a significant milestone after achieving ₹10 crore in business turnover within just seven months of commencing operations.

To commemorate the achievement, the branch organised a grand celebration along with distribution of books to schools on May 23, 2026, at the Santhekatte Branch premises.

The programme was presided over by Sahakara Ratna Mr. Anil Lobo, Chairman of MCC Bank.

The Chief Guest for the occasion was Rev. Fr. Henry Mascarenhas, Parish Priest of St. Anne Church.

Guests of Honour included Mr. Raymond Walter Crasta, social worker, and Mr. Nithin Poojary, Director of Kidiyoor Co-operative Society, Kinnimulki.

Also present on the dais were Dr. Gerald Pinto, Branch Support Director; Mr. Sunil Menezes, General Manager; Mr. Ajith Dsouza, founder Branch Manager of Santhekatte Branch; and Mrs. Jyothi Baretto, Manager of Santhekatte Branch.

Founder customers felicitated during celebration

As part of the celebration, a ceremonial cake-cutting was conducted by ten founder customers of the Santhekatte Branch in the presence of the Chairman, dignitaries, branch staff, and customers.

The ceremony symbolised the branch achieving ₹10 crore business turnover within a short span of seven months from its inception.

The founder customers were felicitated by Chairman Mr. Anil Lobo in recognition of their trust, encouragement, and support towards the growth of the branch.

On behalf of the bank, the Chairman expressed gratitude to the customers for their continued confidence and commitment towards MCC Bank.

Chairman highlights bank’s growth journey

In his presidential address, Chairman Mr. Anil Lobo thanked the customers for enabling the branch to achieve the milestone within a short period.

Referring to the address of Chief Guest Rev. Fr. Henry Mascarenhas, the Chairman stated that the achievement reflected the trust and confidence the community had placed in MCC Bank.

He recalled that when the present management assumed leadership of the bank in 2018, a manifesto had been presented to members, based on which the Directors were elected.

Mr. Lobo stated that the management had successfully upheld the trust and expectations of members and customers through dedicated efforts and professional administration.

He explained that though several Boards had administered the bank since 2002, significant branch expansion had taken place only after 2018 following a gap of nearly 16 years.

Highlighting the challenges involved in expanding a co-operative bank, he referred to Reserve Bank of India norms relating to NPA, CRAR, CD Ratio, compliance, and financial discipline.

Despite these challenges, he said the bank successfully increased its branches from 16 to 21 within two years with the support of customers, management, and staff.

Expansion plans announced for Udupi district

The Chairman stated that MCC Bank initially had only four branches in Udupi district, which has now increased to eight, while a ninth branch is proposed to be opened at Karapady.

He said the support from people of Udupi district reflected their belief that the growth of MCC Bank contributes to the development of the community.

Mr. Lobo further announced that the bank plans to increase the number of branches from 21 to 25 and celebrate the opening of its silver jubilee branches.

He also noted that MCC Bank achieved a total business turnover of ₹1,525 crore within seven-and-a-half years due to the confidence and trust of customers.

Expressing satisfaction, he added that the newly opened Brahmavar branch had achieved profitability within two years of commencement.

The Chairman appreciated the landlord of Santhekatte Branch for supporting the bank by providing the premises and acknowledged the contribution of founder Branch Manager Mr. Ajith Dsouza towards achieving the ₹10 crore milestone.

He also encouraged the current Branch Manager to continue earning the trust of customers and strive towards achieving higher targets.

Community welfare initiatives appreciated

Addressing the gathering, Rev. Fr. Henry Mascarenhas described the achievement as a remarkable milestone reflecting the trust and support extended by customers.

He said the success was not merely a business achievement but the result of dedicated efforts, commitment, and customer-friendly service by the management and staff.

He appreciated the social initiatives undertaken by the bank, including support to schools, recognition of achievers, and welfare-oriented programmes.

Rev. Fr. Henry further expressed hope that the branch would achieve ₹50 crore business turnover in the coming years.

In his address, Mr. Nithin Shetty appreciated the prompt and customer-friendly service rendered by the branch staff.

He stated that while customers in many institutions had to wait several days for loan approvals, MCC Bank processed loan applications within two days.

He also praised the bank for organising meaningful programmes such as book distribution and honouring achievers.

Books and sports materials distributed

During the programme, MCC Bank felicitated children of customers who secured 85 per cent and above marks in board examinations.

The details were announced by Mr. Sandeep Quadros, Senior Manager of Kundapur Branch.

The bank distributed books to needy students of St. Joseph Higher Primary School and St. Joseph High School, Kundapura; Stella Maris School, Gangolli; and Nirmala High School, Brahmavara.

Sports materials were also distributed to Marinol High School, Barkur.

Chairman Mr. Anil Lobo additionally recognised and honoured branch staff members for their dedicated efforts towards achieving the milestone.

A separate cake-cutting ceremony was also held for Branch Support Director Dr. Gerald Pinto on the occasion of his 69th birthday.

The programme commenced with a prayer song rendered by bank staff members Mr. Manoj Lopes and Mr. Aldrin Dsouza.

Branch Support Director Dr. Gerald Pinto welcomed the gathering, while Mr. Ovin Rebello, Branch Manager of Brahmavar Branch, compered the programme. Mrs. Jyothi Baretto, Branch Manager of Santhekatte Branch, proposed the vote of thanks.

Director Mr. Elroy K. Crasto and Dr. Freeda Dsouza were also present on the occasion.