MCC Bank wins ‘Best Performing' award in Mysore Division

MCC Bank wins ‘Best Performing' award in Mysore Division

Mangalore Catholic Cooperative 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 20th November 2016, 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. Hon’ble Speaker of Karnataka Legislative Assembly Shri K.B. Koliwada, MP’s Shri Suresh Angadi and Shri Prakash Hukkeri, MLA Shri Ganesh P.Hukkeri were also on the dias.

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 Gandhi Bhavan, Belagavi. MCC Bank’s vice chairman Alwyn Patrao was also present.

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.

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