News

MCC Bank Ltd., which has completed 114 years of dedicated service, has recorded significant growth across key business parameters during the financial year ended 31st March 2026. The Bank has achieved a business turnover of ₹1,535 crore, registering a growth of 22.89% over the previous year. The Bank's Net Worth has increased from ₹83.76 crore to ₹91.80 crore, reflecting its continued financial strength and stability. 

Addressing a press conference held on 24.06.2026 at the Board Meeting Hall of the Administrative Office of MCC Bank Ltd, Mangaluru, Sahakara Ratna Shri Anil Lobo, Chairman of MCC Bank, attributed the Bank's growth to the continued confidence and support extended by its customers, particularly its NRI clientele.

The Chairman further announced that the Bank is expanding its branch network with the opening of its 22nd Branch at Deralakatte, Mangaluru, and 23rd Branch at Katapadi, Udupi, thereby strengthening its presence and extending banking services to a larger customer base. He stated that the Bank remains committed to providing quality customer service and achieving sustainable growth in the years ahead. 

Under the present Board, MCC Bank has expanded its area of operations across Karnataka and functions entirely on core banking technology, offering a wide range of financial products and services on par with private and public sector banks. The Bank is also focusing on further expansion of its branch network across the State.

Since Sahakara Ratna Anil Lobo and his team took charge in 2018, MCC Bank has witnessed remarkable growth. Deposits increased from Rs.304 Crore to Rs. 876 Crore (188% growth), loans and advances rose from Rs.191 Crore to Rs.657 Crore (243% growth), share capital increased from Rs.13 Crore to Rs.34 Crore (161% growth), and reserves grew from Rs.29 Crore to Rs.85 Crore (193% growth).

The Bank’s business turnover has grown from Rs.496 Crore to Rs.1,535 Crore, a growth of 209%. CRAR improved from 11.70% to 16.55%, while Return on Assets increased from 0.56% to 1.40%.

With the dedicated efforts of the management team, staff and strategic planning, MCC Bank has successfully complied with all Reserve Bank of India (RBI) regulatory requirements. After a gap of 22 years, the Bank resumed branch expansion by opening new branches at Brahmavar, Belthangady, Belman, Byndoor and Santhekatte.  

Announcing the expansion plans, Anil Lobo stated that MCC Bank will inaugurate its 22nd branch at Deralakatte, Mangaluru on June 28, 2026, followed by the 23rd Branch at Katapadi, Udupi on August 2, 2026.

The Deralakatte branch inauguration programme will be presided over by Anil Lobo, Chairman, MCC Bank. Fr Victor Dmello, Parish Priest, Our Lady of Mercy Church, Panir, will bless the premises. U.T. Khader, Minister of Health and Family Welfare, Karnataka, will inaugurate the branch. Sr Milly Fernandes, Superior General, Ursuline Franciscan Congregation, will be the Chief Guest.

Fr Nilesh Crasta, Administrator, Fr Muller Homeopathic College, Deralakatte; Smt Divya Sathish Shetty, President, Kotekar Town Panchayat; and C.M. Sattar, Former President, Belma Grama Panchayat, will be the Guests of Honour.

The Katapadi branch inauguration programme will be presided over by Anil Lobo, Chairman, MCC Bank. Rev Fr Rajesh Prasanna, Parish Priest, St Vincent De Paul Chuch, Katapadi,will bless the premises,

Mr Gurme Suresh Shetty, MLA Kaup Constituency, will inaugurate the branch. Mr M.A. Gafoor, Chairman, Coastal Development Authority, will be the Chief Guest, Rev Fr Akshay D. Amanna, Presbyter, CSE Christ Church, Kaapadi, Mr Prashanth Jathanna, Director, KCCDC, Karnataka, Mrs Gitanjali M. Suvarna, Former member, Zilla Panchayat, Udupi, Mr Preethesh Dsa, Chartered Accountant, Udupi, Mr Ismail Katapadi, General Secretary, Udupi District Muslim Federation will be the Guest of Honour.

Along with the Deralakatte branch inauguration, MCC Bank’s 16th ATM will also be inaugurated. The Bank has also announced the shifting of its Morgansgate Branch on July 25, Moodbidri Branch on August 22, and relocation of Karkal Branch to its own premises on August 26, 2026.

MCC Bank continues to offer a wide range of financial services including low-cost locker facilities, education loans for domestic and overseas studies, MSME loans, vehicle loans, housing loans, house repair loans, wedding loans and household purchase loans. Gold loans are provided without processing fees, while ATM and mobile banking services are offered free of charge. Deposits with MCC Bank are insured under DICGC guidelines of RBI. 

The Chairman further stated that the growth of MCC Bank is not limited to banking business alone but also contributes significantly to the economic and social development of the community. The expansion of the Bank through opening of new branches has created employment opportunities for local youth and strengthened financial inclusion in the region.

He highlighted that the Bank has consistently extended financial assistance and charitable support to the needy and deserving sections of society and has been honouring achievers in various fields, thereby encouraging excellence and community development.

The Chairman noted that the progress of MCC Bank is closely linked with the progress of its customers and the community it serves. He expressed satisfaction that the newly opened branches have performed exceptionally well and have each crossed the business target of ₹10 crore within one year of their opening, reflecting the confidence reposed by customers in the Bank's services.

The press meet was attended by the Chairman Shri Anil Lobo, Vice Chairman Shri Jerald Jude D’Silva, Directors Dr Gerald Pinto, Shri Andrew Dsouza, Shri Anil Patrao, Shri J.P. Rodrigues, Shri David D’Souza, Shri Elroy Kiran Crasto, Shri Roshan D’Souza, Shri Melvyn Vas, Shri Sushanth Saldanha, Smt. Irene Rebello, Dr Freeda D’Souza, Shri Alwyn Monteiro, Shri Felix D’Cruz and General Manager Shri Sunil Menezes.