MCC Bank wins two prestigious state level awards within a week
Mangaluru, Nov 22: Mangalore Catholic Cooperative Bank has bagged two prestigious awards this year. The bank has won the prestigious state level award of ‘Best Performing Bank’ in Mysore Division in the category of Working Capital by the Karnataka State Cooperative Urban Banks Federation Ltd, Bengaluru. Mysore Division comprises of Dakshina Kannada, Mandya, Udupi, Hassan, Chikmagalur, Chamarajanagar, Kodagu and Mysuru districts.
The award was handed over on Sunday November 20, to Francis Cutinho, chairman and Sunil Menezes, General Manager by H S Mahadeva Prasad, Minister for Co-operatives and Sugar, Govt of Karnataka and H K Patil, Senior Cooperative, Rural Development and Panchayat Raj Minister in a ceremony at Gandhi Bhavan, Belagavi.
Last week the bank had won ‘Best Performing Bank in Dakshina Kannada’ from the government of Karnataka. This award was handed over on November 18 in Mangaluru.
These awards are seen by the department as a worthy recognition to the cooperative movement kept alive by the people of Coastal Karnataka.
The function was held to commemorate the 63rd All India Cooperative Week 2016 organized by The Karnataka State Cooperative Urban Banks Federation Ltd, Bengaluru at Belagavi. MCC Bank’s vice chairman Alwyn Patrao was also present.
Chairman Francis Cutinho said “These two back to back awards are due recognition of the hardworking and efficient services of board of directors and staff. I am grateful to the large of customers who have been with us for long time. I thank all these people.”
General Manager Sunil Menezes said these awards will be motivations for the bank to keep up the quality of its products and services.
MCC Bank Mangaluru was established in the year 1912 by the well meaning leaders of the Mangalore Catholic Community. It is at present led by the Board of Directors under the dynamic leadership of Francis Cutinho. The bank is presently having 16 branches in the undivided district of Dakshina Kannada. It has a deposit corpus of Rs 295.62 crores and has advanced Rs. 176.59 crores to its members. The total reserves are Rs 28.50 crores. Total working capital of the bank is Rs.333.01 crores. Effective and efficient management as well as the quality of services in the bank has caused profit making since last 7 years continuously and the members have been given dividend.
The Bank has moved forward with the modernizing initiatives such as Core Banking Solutions as well as Anywhere Banking, and soon the bank is expected to have its own ATM and intend to provide SMS service to its esteemed customers and to the members.