M.C.C. Bank Records INR 13.00 Crore Profit; Announces 20th Branch at Byndoor, Udupi District
Mangaluru: MCC Bank Ltd, popularly known as MCC Bank, is set to complete 113 years of dedicated service this year, having achieved remarkable progress across all business metrics for the financial year ending 31st March 2025.
The Bank recorded an impressive gross profit of INR 13.00 crore for the fiscal year. It has been consistently working to reduce Net NPA, successfully bringing it down to 1.30% of total advances. The Bank reached a milestone of INR 1240 crore in total business turnover, reflecting a growth of 15%. Its net worth rose to INR 86.68 crore, up from INR 76.00 crore in the previous year, with continued support from NRI clients.
Initially serving only the twin coastal districts of Dakshina Kannada and Udupi, the Bank has now expanded its operations across Karnataka. During the financial year, MCC Bank opened its 18th branch in Belthangady and the 19th branch in Belman. It is the second urban co-operative bank in Karnataka to offer NRI banking facilities.
MCC Bank operates fully on a core banking platform and offers a complete range of products and services on par with other private and public sector banks. It is also actively working to expand its branch network across the state.
For FY 2024–25, the Bank recorded a gross profit of INR 13.00 crore. Total deposits stood at INR 705.40 crore, marking an 11% increase over the previous year, while total advances reached INR 535.49 crore—an impressive growth of 20.37%. The working capital stood at INR 836.73 crore (11.13% growth), and the share capital amounted to INR 32.43 crore. The provision coverage ratio was 72.02% of total NPAs. The Bank is well-capitalized, maintaining a CRAR (Capital to Risk Assets Ratio) of 22.81% as of 31st March 2025—significantly above the RBI’s mandated 12%.
Upcoming Projects:
- Launch of the 20th branch at Byndoor, Udupi District by July-end
- Shifting of the Kulshekar Branch to its own premises by June-end
- Introduction of Google Pay, PhonePe, and UPI services
- Targeted business turnover of INR 1500 crore by March 2026
MCC Bank offers a wide array of financial products including low-cost locker facilities, affordable education loans for both domestic and international studies, MSME loans, vehicle loans, housing loans, loans for home renovation, weddings, and household purchases. It provides gold loans without processing fees and offers free ATM and mobile banking services. All deposits are insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC) as per RBI norms.
The Bank attributes its impressive growth to the unwavering support of its members, the trust of its customers, and the dedication of its employees. With continued support from stakeholders and committed staff, MCC Bank aims to achieve even greater milestones in the upcoming financial year.
Present at the Meeting:
Anil Lobo – Chairman, Jerald Jude D’Silva – Vice Chairman, 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 – Directors, and Sunil Menezes – General Manager.
Photos by: Pachhu Perar
