Media Release
Mangaluru, Dec 22: The Mangalore Catholic Co-operative Bank Limited on Monday December 21 convened its 102nd annual general meeting via virtual platform at the Board Meeting Hall of the MCC Bank Building, Hampankatta, here.
The meeting began with a prayer song led by the director Irene Rebello.
Chairman Anil Lobo, while addressing the meeting said, “The bank has earned a net profit of Rs 2.46 crore, with a total deposit of Rs 394.30 crore, total reserves of Rs 41.59 crore, advances of Rs 265.06 crore, working capital of Rs 458.78 crore and share capital of Rs 16.04 crore.
The MCC Bank is striving hard to offer the best service to its customers. As the banking sector is fast growing into digitalisation, the bank is trying to provide a digital platform to its customers. The bank is also focusing on attracting the youth to become its customers as well as the members of the bank. Through digitalisation, the bank is trying to provide banking facilities available at their fingertips to the customers. Shortly, the bank will also provide UPI payment service for its customers.”
Vice chairman, Jerald Jude D’Silva read the minutes of the 101st AGM.
The audited financials of 2019-20, audit report and compliance, programme of activities for the financial year 2020-21 and budget for the year 2020-21, were presented before the AGM and approved. The chairman answered all the queries raised by the members during the meeting.
The children of the staff members and directors who excelled in SSLC and PUC examinations during the academic year 2019-20 were felicitated. David D'Souza, the director conducted the felicitation programme.
Directors D J Patrao, Andrew D’Souza, Marcel D’Souza, J P Rodrigues, Elroy Kiran Crasto, Roshan D’Souza, Anil Patrao, Herald Monteiro, Irene Rebello, Freeda D’Souza, professional directors C G Pinto, Michael D’Souza, general manager Sunil Menezes, deputy general manager Raj Menezes were present at the meeting.
Chairman Anil Lobo welcomed everyone and proposed the vote of thanks.