open 22nd branch at Deralakatte (D.K. District) and 23rd branch at Katapady (Udupi District), Plans to increase number of branches to 25 in the financial year 2026-27
Mangalore: MCC Bank Ltd is set to complete 114 years of dedicated service this year, having achieved noteworthy progress across all business parameters for the financial year ended 31st March 2026.
The Bank has recorded an impressive operating Profit of ₹13 crore for the financial year. It has consistently focused on reducing Net NPAs and has successfully brought them down to 1.25% of total advances. The Bank has achieved a milestone of ₹1525 crore in total business turnover, registering a growth of 23%. After the present Board assumed management of the Bank in 2018, the Bank’s business turnover has increased threefold from ₹500 crores to ₹1,525 crores marking the highest growth achieved in the Bank’s 114 years of history. The net worth has increased to ₹91.80 crore from ₹83.76 crore in the previous year. The Bank has successfully achieved the targets set for the financial year in both deposits and loans. During the financial year, the Bank recorded an impressive total business turnover of ₹285 crores, reflecting its strong performance, consistent growth, and effective business strategies. The Bank continues to benefit from strong NRI support.
Initially serving only the twin districts of coastal Karnataka—Dakshina Kannada and Udupi—the Bank has now expanded its operations across the state. During the financial year, the Bank opened its 20th branch at Byndoor and 21st branch at Santhekatte. The Bank has shifted its Kulshekar Branch to its own premises with enhanced facilities. The Bank has also opened ATMs at Belman, Surathkal, Udupi, Belthangady, Santhekatte, kinnigoli and Kulshekar Branch. The total number of ATMs has increased to 15.
The Bank has planned to open four additional branches during this financial year, taking the total number of branches to 25. The Bank has already obtained approval to open two more branches - 22rd branch at Deralakatte and 23rd Branch at Katapady. MCC Bank is the second Urban Co-operative Bank in Karnataka to offer NRI facilities.
The Bank operates on a fully Core Banking platform and offers a wide range of products and services comparable to those of private and public sector banks. It is also actively working towards further expansion across Karnataka.During FY 2025–26, the Bank has recorded a operating profit of ₹13 crore, with total deposits of ₹872.88 crore, reflecting an increase of 23.74% over the previous year. Total advances stood at ₹652.06 crore, registering a growth of 21.79%. The working capital reached ₹1008.97 crore (growth of 21.52%), and the share capital stood at ₹34.08 crore. The Provision Coverage Ratio stood at 68.87% of total
NPAs. The Bank continues to maintain a strong CRAR (Capital to Risk Assets Ratio), which stood at 17% as on 31st March 2026, well above the regulatory requirement of 12.00% prescribed. The Bank’s total business turnover increased to ₹1525 crore as on 31st March 2026.
Upcoming Projects:
1. Opening of 22nd branch at Deralakatte, D.K. District by the end of June
2. Shifting of Morgansgate Branch by end of July
3. Opening of 23rd branch at Katapady, Udupi District by the first week of August
4. Shifting of Karkala Branch to own premises by end of August
5. Shifting of Moodbidri Branch by the end of August
6. Opening of 24th branch at Vamanjoor by year-end
7. Opening of Silver Branch (25th branch) at Mangalore by year-end
8. Installation of 3 Cash deposit and Dispenser ATMs
The Bank offers a wide range of financial products, including locker facilities at affordable rates, education loans for domestic and international studies, MSME loans, vehicle loans, housing loans, and loans for house repairs, weddings, and household purchases. ATM and mobile banking services are provided free of charge.
Deposits with the Bank are insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC) of the Reserve Bank of India.
The Bank’s impressive growth is attributed to the continued trust and support of its members and customers, both NRIs and domestic along with the dedicated efforts of its employees. The Bank looks forward to achieving greater milestones in the coming financial year with the continued support of all stakeholders.
Anil Lobo - Chairman, Jerald Jude D’Silva – Vice Chairman, Andrew D’Souza, Dr Gerald Pinto, Anil Patrao, J.P. Rodrigues, David D’Souza, Elroy KiranCrasto, Herald Monteiro, Roshan D’Souza, Melvyn Vas, Vincent Lasrado, C.G. Pinto, SushanthSaldanha, Irene Rebello, Dr Freeda D’Souza, AlwynMonteiro, Felix D’Cruz, SharmilaMenezes – Directors and Sunil Menezes – General Manager were present in meeting.
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