Mangaluru: MCC Bank observes post-centenary decennial celebrations with fervor

Bellevision Media Network

Mangaluru, 29 Nov 2022: The Mangalore Catholic Co-operative Bank (MCC Bank) observed its post-centenary decennial celebrations here at Milagres College Ground on Sunday, November 28.

 

Chairman of the bank Anil Lobo welcomed dignitaries. Addressing the gathering, he explained how the MCC Bank has been involved in social services including providing scholarships to students and other charity works. "MCC is really the pride of the community. The bank challenged and successfully faced false allegations," he added.

 

A floral tribute was offered to a portrait of founder, PFX Saldanha.

 

 

After inaugurating the celebration, bishop of Mangalore diocese Dr Peter Paul Saldanha said, "MCC Bank is a pride for the Catholic society. The bank is working for the welfare of the society as well. The bank has contributed to the society through various means. The MCC Bank is showing the principle of gratitude. Recently, the bank has spent Rs 15 lac to uplift the downtrodden."

 

He also added that the common man could easily access the bank without much difficulty.

 

Bishop of Udupi Dr Gerald Isaac Lobo, blessing the occasion, said, "Service is the strongest sector in the society. There is no measure to calculate service. Service is service itself. MCC Bank is not only a pride of the community but also of the state.”

 

He also added that to run banking successfully, it should have prompt administration, satisfied staff and supporting customers. With a great motto and vision this bank has reached great heights, he added.

 

Also, he hailed the chairman of the bank Anil Lobo as a leader who is taking the bank to great heights.

 

Former MCC Bank chairman Valentine D’Silva, bishops Dr Peter Paul Saldanha and Dr Gerald Isaac Lobo, MCC Bank general manager Sunil Menezes, Raj Menezes and Deril Lasrado were honoured on the occasion.

 

Sunil Menezes proposed a vote of thanks.

 

The programme was followed by the cultural programme by the stars of Daijiworld TV - MCC Bank Ltd JigiBigi Taram finalists Samantha Mascarenhas, Ishney Fernandes and Melona Saldanha. MTG winner Velita Lobo, semi-finalist Karen Crasta, SOAD and GVOM winner Robin Sequeira and well-known singer Mohammad Iqbal also mesmerized the audience with their singing. Band Route 96 led by Sanjay Rodrigues, Roshan Crasta Bela, Melroy Furtado and Sanjeeth Rodrigues. Rib-trickling comedy by team Memory was another highlight of the cultural event.

 

Nelson Monis compered the inaugural part of the event and Lavita Menezes compered the cultural programme.

 

About MCC Bank

Founded in the year 1912 by community leader PFX Saldanha and other likeminded community leaders of Mangaluru of undivided Dakshina Kannada district, MCC Bank has 16 branches in Dakshina Kannada and Udupi district. Out of the 16, 14 branches are fully air-conditioned and the remaining two will be upgraded soon. For the first time in the 110-year history of MCC Bank, the bank recorded an NPA of 1.60% on March 31, 2022 under the chairmanship of Anil Lobo. The net profit of the bank grew to Rs 8.27 crore as of March 31, 2022 from Rs 5.97 crore 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% under the name post-centenary decennial fixed deposit. Customers can deposit their money without any hesitation as deposits up to Rs 5 lac 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% interest on student savings accounts and jewel, housing, vehicle and education loans are available at very competitive rates.

 

MCC Bank has expanded to five districts in a year. The bank will also extend the bank to five districts such as Uttara Kannada, Shivamogga, Hassan, Chikkamagaluru and Kodagu within a year. MCC Bank has also awarded financial aid to the needy families of the community towards medical treatment, higher education, housing and marriage expenses of daughters to the tune of Rs 10 to 15 lac as a part of its community commitment.