Mangaluru: M.C.C. Bank Ltd reported a net profit of Rs.10.07 crore for the financial year 2025–26 and declared a 10% dividend to its members at its 108th Annual General Meeting.
The Bank convened its 108th Annual General Meeting at Loyola Auditorium, St Aloysius P.U. College, Kodialbail, Mangaluru, on Sunday, 20 September 2026, at 11:00 a.m. The meeting was presided over by the Chairman of the Bank, Sahakara Ratna Shri Anil Lobo.
The lighting of the lamp was performed by Sahakara Ratna Shri Anil Lobo, Chairman of the Bank, along with special invitees and members of the Bank, including M.P. Noronha, former Chairman of MCC Bank and District Government Pleader, Dakshina Kannada District; Rohan Monteiro, Managing Director, Rohan Corporation; Santhosh D’Souza, President, Catholic Sabha, Mangaluru Pradesh; Alwyn Quadros, President, All India Catholic Union, Karnataka State and Ronald Gomes, President Catholic Association of South Kanara. This was followed by floral tributes to the Founder of the Bank, P.F.X. Saldanha.
In his address, Chairman Sahakara Ratna Anil Lobo highlighted the Bank’s strong financial performance. He stated that the Bank recorded a net profit of Rs.10.07 crore, with deposits of Rs.872.88 crore, registering a growth of approximately 24%; advances of Rs.652.06 crore, registering a growth of approximately 22%; and working capital of Rs.1,008 crore, registering a growth of approximately 22%. The Bank’s share capital stood at Rs.34.08 crore, while net NPA was 1.26%, the Provision Coverage Ratio was 68.34%, Return on Assets (ROA) was 1.00%, and CRAR stood at 16.53% as on 31 March 2026 as against the minimum limit of 12% prescribed by Reserve Bank of India. The Bank’s total business crossed Rs.1,525 crore.
A 10% dividend was declared to the members. As part of the appropriation of profits, an amount of Rs.22.66 lakh was set aside towards the Co-operative Education Fund.
Recalling the commitments made during the 2018 Board election, the Chairman stated that all promises had been fulfilled. He recalled the concerns then expressed by members about reviving MCC Bank and bringing it to the level of other banks in the Mangaluru and Udupi regions. He credited the Bank’s progress to the sincere efforts, determination and perseverance of the present Board, along with the continued support of members and staff.
He highlighted the significant progress achieved over the past 8 years under the regulatory oversight of the Reserve Bank of India and the State Co-operative Department. He thanked the members, customers and staff for their continued support and confidence, and stated that various operational improvements and staff training had been undertaken to enhance customer service.
Paying tribute to the Bank’s founding leaders, he emphasised the importance of strengthening the institution and preserving their legacy by building a financially strong and sustainable cooperative bank for future generations. He also urged members to remain loyal to the Bank, avoid unverified information and rumours, and provide constructive suggestions for improvement.Outlining the Bank’s expansion plans, he stated that the Bank aims to have 25 branches and 20 ATMs before the next Annual General Meeting, with the 24th branch at Padil and the 25th branch at Kadri or Bejai by the end of FY 2026–27.
Describing MCC Bank as a family of the Board, members and staff, he sought their continued cooperation and encouraged members to promote the Bank’s services and open Current Accounts and other banking accounts. He also informed the members about the proposed launch of the new Logo in January 2027, the launch of the new Website, and the progress of ATMs, Cash Deposit Machines and UPI, which were in the final stages of implementation.
He further stated that Customer Meets would be organised across all branches after completion of the expansion programme and implementation of UPI, to obtain customers’ suggestions and further improve services.Concluding his address, the Chairman expressed his sincere gratitude to all members for their enthusiastic participation and continued support.
The audited financial statements for 2025–26, along with the Audit Report and compliance, the Programme of Activities and Budget for 2026–27, and the proposed amendments to the Bye-laws, were placed before the AGM and approved by the members.
General Manager, Sunil Menezes, responded to the written queries raised by the by the members in advance.
Dr Gerald Pinto, Director was felicitated by the chairman, with bouquet and shawl, for being conferred with the Best Author of the Year by Raknno Konkani Weekly.
Vice Chairman Jerlad Jude Dsilva, Directors Andrew D’Souza, Joseph M. Anil Patrao, Dr Gerald Pinto, David D’Souza, Elroy KiranCrasto, Roshan D’Souza, Herald Monteiro, J.P. Rodrigues, Vincent Lasrado, Melwin Vas, Irene Rebello, Dr Freeda D’Souza, Professional Directors C.G. Pinto and Sushanth Saldanha, General Manager Sunil Menezes were on the dais.
General Manager Sunil Menezes welcomed the members. ShriDerilLasrado, Chief Manager, Morgansgate Branch, compered the programme.The Cadence Group, led by Neil D’Souza, presented the prayer song with grace and devotion.
Remona Pereira, a renowned dance artist and recipient of a Golden Book of World Records recognition, captivated the audience with her mesmerizing dance performance.
The meeting concluded with the National Anthem. A large number of members actively participated in the Annual General Meeting.