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Mangalore: MCC Bank Signs Core Banking Solutions Deal with InfraSoftTech

  •   Thu, Dec 08 2011 08:13:55 PM

Mangalore: MCC Bank Signs Core Banking Solutions Deal with InfraSoftTech

Pics: Dayanand Kukkaje
Daijiworld Media Network—Mangalore (RD)

Mangalore, Dec 8: Mangalore Catholic Co-operative (MCC) Bank signed a service level agreement for installation of Core Banking Solution (CBS) with InfraSoftTech on Thursday December 8.

MCC Bank general manager Joseph Quadros signed the agreement on behalf of MCC Bank and Yogesh Palemar, product head, on behalf of InfraSoftTech, and exchanged documents in the presence of MCC Bank chairman Melvyn D’Cunha, deputy chairman Dr Edward Nazareth, all directors and legal advisor Vasant Adyantyaya, Ducont Fz LLC chairman and managing director Ivan Fernandes, and Sysfocon chairman and managing director Vishnu Bhat.

Speaking on the occasion, Ivan Fernandes said that modernization is imperative in this era of globalization and added, "CBS will enhance customer services and make the work easier for bank staff, which will in turn increase the volume of business."

Melvyn D’Cunha in his presidential address said that the board of directors had the objective of bringing the bank into profitability, which has been achieved. Dividends have been awarded for two successive years, he said, adding that CBS facility will be introduced in all branches before the conclusion of the centenary celebrations on May 12, 2012.

Sudeep Castelino rendered the prayers. MCC Bank director Stephen Quadros welcomed the gathering. Vasant Adyantaya proposed the vote of thanks. Carol Rosario compered the programme.
  

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Comment on this article

  • Dunil Serao, kinnigoli/abudhabi

    Mon, Dec 12 2011

    Glad to see that banks technology migrating to a new and latest one.

    Wish all the best to MCCB.

    A better IT infrastructure like this will definitely help the bank in boosting its profitability.

    DisAgree Agree Reply Report Abuse

  • Francis Dias, Shirva

    Sun, Dec 11 2011

    Congratulations and best wishes

    DisAgree Agree Reply Report Abuse

  • rajesh fernandes, Mangalore

    Fri, Dec 09 2011

    Dear Kannadiga
    you sound like a very retrograde pessimist. better you change your attitude. The ones who are there may be a small group of senior staff. you expect whole bank staff to attend functions. they are needed in the branch. you know the staff of MCC Bank are the best. The way they serve people is exemplary. As Roshan Chickmagalore has asked you please open an account in this Bank and enjoy the service level. Please stop thinking that you are the best and the whole world is worst.

    DisAgree [2] Agree [3] Reply Report Abuse

  • Vivian, , Kudupu, Mangalore

    Fri, Dec 09 2011

    Hearty Congratulations Mr Melwyn D'Cunha, Dr Edward Nazareth and entire team. MCC Bank is the only premier(financial institution run by the community leaders most of our institutions are in the hands of religious. The bank which has seen hard and difficult days are now progressing. The people of the community should support it buy becoming the members by buying shares and operating accounts in the bank. All the best, especially to Dr. Edward Nazareth who has been looking after the affairs when the chairman is abroad.

    DisAgree [2] Agree [6] Reply Report Abuse

  • Roshan, Chikmagalore

    Fri, Dec 09 2011

    Dear kannadiga, mangalore/dubai,first of all dont know you are he or she...so still considering one of them...just want to check oone thing with you...do you too have a NRI account being you are from Dubai in this bank...secondly what kind of wide support did you gave to MCCB to come ahead....i feel the answer with honestly from your side will be fro the development will be nothing....as i know this bank personally....it came up with many difficulties and supported many of them.....our NRE and NRI accounts are mainly opened in the Banks like HSBC,Citibank,Standard Chartered and few more to go only cause you NRI are very much interested in making a show off.....

    open a account with this bank too and inform your relatives and friends to open their accounts in MCCB and take adavntages from this bank....then this bank too will be in a top lined banks and also it will think to hire the young blood as you said for time being dont consider the people who are working at the moment are cold blooded.....and the 70% of the staffs what you have seen the pictures are at their retired age still they are the one who brought this bank to reach here...please think loudly.....and congradulations MCCB........

    DisAgree [1] Agree [10] Reply Report Abuse

  • Victor Tauro Permude, Bangalore

    Fri, Dec 09 2011

    Good move by MCCB.

    It is high time for MCC Bank to come out of Cooperative system and become a public limited Bank and there are enough investors in Mangalore.

    DisAgree [1] Agree [7] Reply Report Abuse

  • jeevan raj dsouza, Mangalore

    Fri, Dec 09 2011

    great to see our MCC Bank moving forward. syrely things will change for better. Congratulations all concerned. Jai Ho MCC Bank

    DisAgree [1] Agree [8] Reply Report Abuse

  • John DSilva, Karkala/Mumbai

    Fri, Dec 09 2011

    Congratulations to MCC Bank and its dedicated Board of Directors headed by Melwin Dcunha and Dr. Edward Nazareth on introducing core banking through Infrasofttech. This will go a long way in providing quick and efficient to ever growing its clientele.MCC can hope for a bright future in its centenary year.Wishing U all the best and christmas greetings.

    DisAgree [1] Agree [7] Reply Report Abuse

  • Mike, KSA

    Thu, Dec 08 2011

    I am sure that once the CBS is functional, the upward swing for the Bank starts as well. All the best MCC.

    DisAgree [1] Agree [13] Reply Report Abuse

  • kannadiga, mangalore/dubai

    Thu, Dec 08 2011

    It looks nice to see the picutres and signing ceremony. Normally, it is the practice to what is the value of the contract and nature of contract, benefits to the Bank etc... no information is available but only good pictures. Secondly, any contracts or infrastructure development should be in relation with the 100% optimization of Human Resources and aggressive marketing plans of bank. It seems 70% of MCC Bank employees are about to retire and no young blood is seen taking up the challenges ahead!! The same age old branches and 1947 atmosphere around the banks premises....dont you think its the to change!!!

    DisAgree [9] Agree [16] Reply Report Abuse


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