Mangaluru: MCC Bank Ltd, a trusted name in coastal Karnataka’s banking sector, has announced the opening of its 20th branch in Byndoor on August 3, 2025, marking a major milestone in its 113-year journey. The announcement was made at a press meet held at the bank’s head office in Hampankatta, Mangaluru.
Stellar growth and strong performance
MCC Bank has recorded total business turnover of ₹1,300 crore for the financial year ending 31st March 2025 — a 20% increase from the previous year. The bank’s net worth has risen to ₹83.76 crore, up from ₹76 crore. These figures underline the institution’s growing popularity, including support from NRI customers.
Chairman Sahakara Ratna Shri Anil Lobo highlighted the bank’s steady expansion and said,
“From a regional player, MCC Bank has grown into a state-level institution serving all of Karnataka. Our technological upgrades and customer focus are the reasons for this consistent growth.”
Growth since 2018 under Anil Lobo’s leadership
Under the leadership of Anil Lobo and his board since 2018, MCC Bank has seen exponential progress:
- Deposits: ₹304 Cr → ₹728 Cr (Growth: 139%)
- Loans & Advances: ₹191 Cr → ₹572 Cr (Growth: 199%)
- Share Capital: ₹13 Cr → ₹33 Cr (Growth: 154%)
- Reserves: ₹29 Cr → ₹79 Cr (Growth: 172%)
- Business Turnover: ₹496 Cr → ₹1,300 Cr (Growth: 162%)
- CRAR: 11.70% → 18.92% (Growth: 62%)
- Return on Assets: 0.56% → 1.40% (Growth: 150%)
The bank has also opened three new branches in Brahmavar, Belthangady, and Belman, and is working to expand across Karnataka. The 21st branch will be opened on October 5, 2025.
Byndoor branch inauguration on August 3
The inauguration at Byndoor will be presided over by Chairman Anil Lobo. The branch will be blessed by Rev. Fr Vincent Coelho, Parish Priest of Holy Cross Church, Byndoor. MLA Gururaj Gantehole will be the chief guest.
Other dignitaries expected include:
- Shri Babu Shetty – Shri Mookambika Temple, Kollur
- Rev. Fr Philip Nelivilla – Principal, St Thomas Residential School
- Shri Raju Poojari – Ex-President, Udupi Zilla Panchayath
- Shri Sadashiva D. Paduvari – Town Panchayath, Byndoor
- Shri Kapsi Noor Mohammed – VP, Shiroor Grama Panchayath
- Shri Nagesh Kharvi – Nadadoni State Association
- Shri Mobi P.C. – President, Bar Association, Byndoor
ATM network expansion
MCC Bank also announced a rapid expansion of its ATM network:
- 9th ATM – Belman (09.08.2025)
- 10th ATM – Surathkal (10.08.2025)
- 11th ATM & new Kulshekar premises – (17.08.2025)
- 12th ATM – Kinnigoli (14.09.2025)
- 13th ATM – Udupi (27.09.2025)
- 14th ATM – Santhekatte (05.10.2025)
Full banking services with customer-first focus
MCC Bank offers a wide range of services including:
- Locker facilities at affordable rates
- Gold loans without processing fees
- Education loans for India and abroad
- Housing, MSME, vehicle and personal loans
- Free mobile banking and ATM services
Deposits are insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC) under RBI guidelines.
Leadership and future vision
Present at the press meet were all key directors and board members including Jerald Jude D’Silva (Vice Chairman), Andrew D’Souza, Dr Gerald Pinto, and General Manager Sunil Menezes. The bank reaffirmed its commitment to financial inclusion, community service, and modernisation.
