Anil Lobo reelected as Chairman of MCC Bank for consecutive 2nd term

04:53 PM Aug 28, 2023 | Press Release |

Recently elected directors of The Mangalore Catholic Co-operative Bank, popularly known as MCC Bank Limited elected Mr Anil Lobo from Valencia, Mangalore as Chairman of the Bank in the first Board of directors Meeting held on Monday 28 August 2023, in the Administrative office of the Bank, Hampankatta, Mangaluru for a period of 5 years from 2023 to 2028.


Mr Gerald Jude D’silva was elected as the Vice – Chairman of the Bank. Mr Sudhir Kumar J, Assistant Registrar of Co-operative Societies, Mangaluru Division supervised the election processes and Mr N.J. Gopal Superintendent assisted him. Mr Sunil Menezes, General Manager of the Bank was present on the occasion.

After taking over the charge as the Chairman of MCC Bank Limited for the consecutive second term, that too with unanimously elected team of 14 directors Mr Anil Lobo said “Un-opposed and unanimous elections for the first time ever in the 111 years history of the

MCC Bank Ltd is the testimony to the all-round developmental work and growth and the performance of his team. Next five years he will be concentrating on pan – Karnataka expansion of the bank, skill and knowledge development of the staff, professional and customer friendly services in the branches, Focus on education, Vehicle, MSME and business loans, full pledged UP and digital banking services and setting up of banking ombudsman like fully functional grievance redress unit at the administrative office directly reporting to the chairman of the bank.”

Expansion: Presently The MCC Bank Ltd is functioning with fully computerized 16 air-conditioned branches in twin districts of Dakshina Kannada and Udupi with ATMs in all branches. Last Financial year the Bank has received permission from Government of Karnataka to expand its area of operation to 5 more districts. They are Uttara Kannada, Shimoga, Chikmagalur, Coorg and Hasan.


Setting up of the branches in these 5 districts is going on. Efforts are on to set up Regional Offices in districts for the smooth functioning.
The Bank is working hard to expand the area of operation of the bank to pan Karnataka. Lowest rate of Interest on Loans: Compared to other banks the rate of interest on Education, Vehicle and MSME business loans are lowest and competitive. Loan sanctioning process is quick and there are no hidden costs.

To reduce the burden of processing fees on students the Bank has decided to waive off processing fees on Education Loans up to Loan amount of Rs.10 lakhs. MCC Bank is working hard in realizing its vision – Empowerment through Education, with lowest interest rates, quick processes and zero processes fees up to loan amount of 10 lakhs for a limited period of time. Students who just finished admission processes through CET on NET can make the best use of the facility offered by the bank.

With a state of the art, modern staff training center, staff across the branches of MCC bank is fully trained and well versed in professional banking practices.
The management has received very good feedback on improved customer service in the customer meets organized in all the branches.

Most of the Branches are shifted to better locations with ample parking facilities and senior citizen friendly approaches. A new unit will be established to address the grievances at the administrative office like the banking ombudsman system which will be directly monitored by the chairman. Customers who face any issues on the services offered at the branches can approach the unit and the issues will be resolved. Despite this branch level Customer Meets will also continue. There will be a specially assigned staff at every branch to assist the senior citizens.

Digitisation: Presently A Mobile Banking App is catering the needs of netizens. The Bank will be introducing independent UPI functionality by the end of current financial year and servers are already hired for the purpose. With fully functional UPI mechanism the customers can avail all facilities of new age digital banking.
Social Responsibility: During 110 years of The MCC Bank the Bank has distributed a sum of Rs. 15 Lakhs to the marginalized sections of the society in the form of Medical, Education, Housing aid and assistance towards the marriage expenses of daughters of needy and poor families. Prominent festivals of the land like Dasara will be celebrated with special sports and cultural activities with public participation. The Auditorium of the Bank in the Administrative building of the Bank is provided free of cost to small literary and cultural events. The Bank will extend its socio – community support as earlier.

Along with Chairman Mr Anil Lobo, Vice-Chairman Mr Jerald Jude D’silva, Directors Dr Jerald Pinto from Kalyanpur – Udupi, Andrew D Souza from Paladka, Joseph Anil Patrao from Derebail, David DSouza from Bajpe, Elroy Kiran Crasto from Gangolly, J. P. Rodrigues from Puttur, Adv Roshan D souza from Mudipu, Herald John Monterio, from Kelarai, Irine Rebello from Kulshekar, Dr Freeda Flavia D souza from Balkunje, Melvyn Aqunius Vas from Milagres and Vincent Anil Lasrado from Bantwal were present in the press meet along with Mr Sunil I Menezes, General Manager.


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