Pics: Spoorthi Ullal
Daijiworld Media Network – Mangaluru (NJC)
Mangaluru, Apr 7: MCC Bank Ltd, set to complete 114 years of service, has achieved noteworthy progress across all business parameters for the financial year ended March 31, 2026.
Addressing a press meet at the bank's administrative office in Hampankatta on Tuesday, April 7, chairman 'Sahakara Ratna' Anil Lobo announced that the bank recorded an impressive operating profit of Rs 13 crore.
Record growth and financial stability
The bank reached a milestone of Rs 1,525 crore in total business turnover, registering a growth of 23%. Since the present board assumed management in 2018, the bank’s turnover has increased threefold from Rs 500 crore to Rs 1,525 crore—the highest growth in the bank’s history.
The net worth of the bank increased to Rs 91.80 crore from Rs 83.76 crore in the previous year. Total deposits stood at Rs 872.88 crore (up 23.74%), while total advances reached Rs 652.06 crore (up 21.79%). The bank also successfully reduced its Net NPAs to 1.25%. The Capital to Risk Assets Ratio (CRAR) stood at 17%, well above the regulatory requirement of 12%.
Expansion and infrastructure
Initially serving the twin districts of Dakshina Kannada and Udupi, the bank has now expanded across the state. During the last financial year, branches were opened in Byndoor and Santhekatte. The bank currently operates 15 ATMs, with new installations at Belman, Surathkal, Udupi, Belthangady, Santhekatte, Kinnigoli, and Kulshekar.
As part of its future strategy, the bank plans to open four additional branches this year, taking the total tally to 25.
Upcoming projects for 2026:
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June: Opening of 22nd branch at Deralakatte.
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July: Shifting of Morgansgate branch.
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August: Opening of 23rd branch at Katapady; shifting of Karkala and Moodbidri branches to own/upgraded premises.
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Year-end: Opening of 24th branch at Vamanjoor and the 25th 'Silver Branch' in Mangaluru.
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Technology: Installation of three new cash deposit and dispenser ATMs.
MCC Bank remains the second Urban Co-operative Bank in Karnataka to offer NRI facilities and operates on a fully Core Banking platform. It offers a wide range of products, including education, MSME, vehicle, and housing loans, with free ATM and mobile banking services. Deposits are insured by the DICGC.
The chairman attributed this growth to the trust of customers, strong NRI support, and the dedicated efforts of the staff.
Vice-chairman Jerald Jude D’Silva, directors Andrew D’Souza, Dr Gerald Pinto, Anil Patrao, J P Rodrigues, David D’Souza, Elroy Kiran Crasto, Herald Monteiro, Roshan D’Souza, Melvyn Vas, Vincent Lasrado, C G Pinto, Sushanth Saldanha, Irene Rebello, Dr Freeda D’Souza, Alwyn Monteiro, Felix D’Cruz, Sharmila Menezes, and general manager Sunil Menezes were present.