TODAY -
MCC Bank convenes AGM; announces 10% dividend
Kemmannu News Network, 26-09-2017 18:50:28
Write Comment
E-Mail To a Friend
Facebook
Twitter 
Print MCC Bank convenes AGM; announces 10% dividend
Mangalore, Sep 2017: Mangalore Catholic Co-operative Bank Limited, on Sunday September 24, convened its 99th Annual General Meeting at St Sebastian Platinum Jubilee Hall, Bendur, here.
Chairman Francis Coutinho in his presidential address said, “The bank has earned a net profit of Rs 219.44 lac, with the total deposit of Rs 30461.54 lac, total reserves of Rs 2878.77 lac, advances of Rs 19138.88 lac, working capital of Rs 35312.86 lac and share capital of Rs 1323.75 lac.”
Meanwhile, Francis Coutinho announced 10 percent dividend to the shareholders.
Awards
“In the financial year 2016-17 the bank bagged ’Best Performing Urban Bank’ award in Dakshina Kannada for overall performance and ‘Best Performing Urban Bank’ award in Mysore division in the category of working capital.
ATM implementation
“The progress made in respect of ATM implementation was placed before the AGM. Primary approval and testing has been completed. The second level testing is to be completed in Bengaluru, NPCI. Testing cards have been sent to Bengaluru on September 12 following the successful testing by Bengaluru, final approval is expected. On receiving the final approval, the date for inauguration of ATM live will be fixed,” he added.
Further the financials of 2016-17, audit report and compliance, programme for the financial year 2017-18 and Budget for the year 2017-18, was presented before the AGM and approved.
Vice chairman Alwyn Patrao read the minutes of last year AGM. Directors D J Patrao, Jerald J D’Silva, Denis D’Souza, Andrew D’Souza, Melwyn C D’Souza, Anil Lobo, Marcel D’Souza, Raymond Monteiro, Judi Pinto, Severine Lobo, Archibald Menezes, Herald Fernandes, Stephen Pinto were present for the meeting.
General manager incharge Sunil Menezes compered and proposed vote of thanks.
Please note that under 66A of the IT Act, sending offensive or menacing messages through electronic communication service and sending false messages to cheat, mislead or deceive people or to cause annoyance to them is punishable. It is obligatory on kemmannu.com to provide the IP address and other details of senders of such comments, to the authority concerned upon request. Hence, sending offensive comments using kemmannu.com will be purely at your own risk, and in no way will Kemmannu.com be held responsible.
Similarly, Kemmannu.com reserves the right to edit / block / delete the messages without notice any content received from readers.
RELATED
ವಿದೇಶಿಯರು ಆಯುರ್ವೇದ ವೈದ್ಯ ವ್ಯವಸ್ಥೆಯನ್ನು ಸ್ವೀಕರಿಸುತ್ತಿರುವುದು ನಮ್ಮ ಗೌರವ: ಕ್ಯಾಪ್ಟನ್ ಬ್ರಿಜೇಶ್ ಚೌಟ
Rosario Cathedral, Bolar, along with CSI Kanthi Church, Jeppu, and CSI St. Paul’s Church, Mangalore, jointly organised the Ecumenical Kannada Prayer Service at Rosario Cathedral. Fr. Valerian D’Souza, Parish Priest of Rosario Cathedral, welcomed the gathering and conducted the prayer service along
Milagres Central School newly built play zone for kids was inuagrated making a new milestone in providing quality education and recreation for our students. Play zone for kids was a vibrant, exciting indoor space with various play structure like slides, climbing walls and ball pits designed for chi
Milagres College of Nursing observed World Diabetes Day on November 14th at 4:30 PM at the Milagres Senate Hall. The program aimed to raise awareness about diabetes prevention, early detection, and lifestyle modifications essential for long-term health. The event began with a warm welcome to the gathering, followed by the unveiling of the official theme, “Diabetes and Well-Being,” by Lisha Dsouz
Obituary: Alexander Almeida (58), Padukone Church
First Death Anniversary of Leo Jacob Crasto, Kemmannu
Holy Redeemer - Redemptorist Media Center - Redemptorist Online Lenten Mission - 2026, More Details - Please Click here
Liguorian International - Why Catholic Families must read - A Redemptorist Pastoral Publication
LENTEN RETREAT | St. Theresa Church, Kemmannu | Udupi - Feb 26
Nisarga Point Fernandes Leisure & Resort inaugurated at Moodukudru, Kallianpur, Udupi
Final Journey of Joseph Simon Monis (67 years) | LIVE from Pamboor | Udupi
Final Journey of Josephine Pinto (79 years) | LIVE from Sasthan | Udupi
Final Journey of Mr. Michael Braganza (86 Years) | LIVE From Kundapura
Milarchi Lara, Milagres Cathedral, Kallinapur, Udupi District - Parish Bulletin_ January 2026
Rozaricho Gaanch Jan 2026 Issue From Mount Rosary Church, Kallianpur, Santhekatte, Udupi.
Final Journey of Veronica Precilla D’Souza (76 Years) | LIVE From Kallainpur
inal Journey Of Rosy Lewis (99 Years) | LIVE from Milagres, Kallianpur, Udupi
Final Journey Of George Miranda (79 Years) | LIVE from Udupi
Final Journey of Mr. Lawrence D,Almeida (77 years) | LIVE from Kemmannu | Udupi
Vespers 2026 | St Theresa’s Church, Kemmannu | Udupi
Annual Church Feast 2026 | St Theresa’s Church, Kemmannu | Udupi
IN Final Journey Of Prescilla Quadros (83 Years) | LIVE From Kemmannu | Udupi
Vespers 2026 | Mount Rosary Church, Santhekatte | Udupi
Annual Church Feast 2026 | Mount Rosary Church, Santhekatte | Udupi
Final Journey of Cecilia Menezes( 88 Years ) | LIVE From Kemmannu | Udupi
New year Mass | St. Theresa Church, Kemmannu | Udupi
Christman Mass | St. Theresa Church, Kemmannu | Udupi
Silver Jubilee Rev. Bishop Gerald John Mathias and Golden Jubilee Rev. Sr. Jaya Mathias, Milagres, Udupi
Annual Day Calebration 2025 | Carmel English School, Kemmannu
Final Journey Of Francis Paul Quadros (59 Years) | LIVE From Udupi
Land/Houses for Sale in Kaup, Manipal, Kallianpur, Santhekatte, Uppor, Nejar, Kemmannu, Malpe, Ambalpady.
Focus Studio, Near Hotel Kidiyoor, Udupi
Earth Angels - Kemmannu Since 2023
Kemmannu Channel - Ktv Live Stream - To Book - Contact Here
Click here for Kemmannu Knn Facebook Link
Sponsored Albums
Exclusive
Let Children Bloom in Their Own Soil.....By Archibald Furtado
Nisarga Point Fernandes Leisure & Resort inaugurated at Moodukudru, Kallianpur, Udupi
’In Aid of Goretti Hospital Mega Joshal DSouza Musical Nite’ on Easter Sunday at Mount Rosary, Kallianpur
A Shepherd Raised by Grace: Rev. Dr Leslie Clifford D’Souza Appointed Bishop of Udupi
Annual Day Celebrated at Carmel English School, Kemmannu
Save Swarna River By Dr Gerald Pinto, Kallianpur
Udupi: Cooking without fire competition at Kemmannu Church [Video]
A ‘Wisdom Home of Memories’, a heritage Museum in Suratkal, Mangaluru
Celebrating 50 Years of Devotion: Iconic Konkani Hymn Moriye Krista Maye Marks Golden Jubilee
