Customer Satisfaction is our greatest achievement: Anil Lobo, Chairman, MCC Bank Ltd

Business Desk
November 23, 2022

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The Mangalorean Catholic Cooperative Bank, popularly known as MCC Bank Ltd, celebrating post centenary decennial year on 27th November 2022, is a living example of the remarkable growth and all-round development of an institution, if youth leaders with progressive vision and community concern get an opportunity to lead the institution.

The present Chairman of the MCC bank, Mr. Anil Lobo, who hails from Fermai, formerly a part of Omzoor parish in the dioceses of Mangalore is known as grass root leader with a vision. His leadership qualities were nurtured from the Omzoor ICYM unit, grown at Fermai, Valencia in various parish-level organizations like Catholic Sabha, and Parish Council, and community organizations like Rachana.  

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Once the present Chairman, Mr. Anil Lobo took over the mantle of MCC Bank Ltd, in the year 2018 with a clear majority, branches and the administrative office transformed into customer-friendly service zones. Customers can feel the vibrancy in the smiles of the staff in each and every bank.

Soon after assuming the charge as the chairman of the bank, Chairman, Mr. Anil Lobo’s first task was improvisation in customer service. For the past 4 years, the Bank has trained its staff in various professional and soft skills. As a result customers of the bank rate services of the MCC Bank in par excellence with other nationalized banks. Apart from the friendly customer service, customers of the MCC Bank are of the opinion that interest rates on deposits and other products are most competitive compared to other banks.

Chairman Mr. Anil Lobo says “ MCC Bank Ltd is a limited bank. It’s not a credit cooperative or souharda society. The state cooperative department looks after the registration and other statutory requirements. All remaining banking transactions come directly under the Reserve Bank of India, just like any other commercial or nationalized bank.  The bank needs to comply with the guidelines and directions issued by the RBI from time to time. Just like any other nationalized or commercial bank, MCC Bank customers are protected under DICGC (Deposit Insurance and Credit Guarantee  Corporation) cover up to Rs. Five Lakhs for their deposits. There is a misunderstanding among a few that MCC Bank has no provision to operate trust (12A) accounts. This is totally false and baseless. Churches, Schools, and any other trusts and organizations can operate accounts in MCC Bank without any hindrance.  The bank has posted expert opinions from statutory and financial experts on our websites. Readers can find the link here:

Regarding the renovation, and relocation of the branches in the past years, Chairman Mr. Anil Lobo, says “ MCC Bank is just like a family. Every customer is just like a family member and he deserves to be treated like that. As and when a customer enters the branch they should get a homely feeling. The infrastructure of the branch and the service of the staff instill a feeling of security and trust in the customer. The entire banking industry today runs on trust and the location of the bank, infrastructure, and customer-friendly service are essential to gain and retain customers’ trust. In the fast four years from cyber security to GST, the bank has trained its staff in all areas, from the best experts available in respective areas. Now if you visit any of our branches, our staff is fully equipped with all the basic and advanced information related to banking. If we look at other banks, they have staff training colleges to train their staff. MCC Bank is completing 110 years of existence with 16 branches spread over twin districts. We were lacking a state-of-the-art staff training center to train our staff. So we decided to have a full-fledged staff training center at the administrative office.

Regarding the stability and sustainable growth of the Bank, Chairman Mr. Anil Lobo says, “Banking industry always grows on the trust of its customers. Having said that, mere air-conditioned branches and service with a smile are not enough to gain and retain customers' trust. The financial health of the bank should be stable. For example, if we go to a physician for a health check, the first thing the physician will do is check the blood pressure. If the blood pressure is normal, one can say the health is fine. I always say NPA ( Non-performing Assets )  is like the blood pressure of the bank. If NPA is under control, in banking, most things are under control. Next comes profit, capital, and other things, which are expert areas”
 
“In the year 2020, the NPA of the bank was 7.17%. This year, as of 31.03.2022,   it is 1.60%.  In spite of pandemic adverse situations, we have done it. And in the history of 110 years of the bank, this is the lowest one. The net profit of the bank has grown from 3.66 crores to 8.27 crores from 2018 to 2022. These indicators are more than enough to state that  MCC Bank is stable in growth and economically healthy”

Responding to the query, what is the basis to believe these figures? Chairman Anil Lobo says, “ All the above figures were derived after not one but four stringent audits, that too under the supervision of RBI. Reserve bank audit means it is just like an acid test. There is no scope for any laxity. Unaware of these formalities some comment that figures are fabricated. Forget about fabrication, there is no scope for 0.001 variations in figures. Apart from reserve bank audits, there are other audits like internal audits, statutory audits, and concurrent audits. The figures appearing on the final balance sheet as on 31st March 2022 are derived after passing through all these mandatory audits. If the same health example can be elaborated further, apart from blood pressure, sometimes physicians conduct MRI, Echo, CT Scan, and other advanced tests just to reassure the health of an individual. The Bank too cleared all advanced tests and its health of the bank is excellent”

About the implementation of Digital platforms in the banking system, the chairman Mr. Anil Lobo says “A few years ago even the passbook printing facility was not available in the bank. Bank staff were struggling to update entries in the passbook manually. The banks established after MCC Bank grew into scheduled banks and they even introduced core banking and installed ATMs in their branches. Nowadays technology is growing very fast. Within a very short period of time, 3G technology became outdated and now we are already in 5G technology. Keeping pace with fast-changing technology is not easy. But in our bank, we have a dedicated IT Team for this task. The bank has the latest version of core banking software, we have our own ATM, Out of 16 branches, 14 branches have already upgraded to fully air-conditioned environments. The remaining 2 will be upgraded soon. We have an easy to a user-friendly mobile banking app, where customers can pay electricity, telephone, and other utility bills and recharge mobiles. The IMPS facility is completely free on the mobile banking app. Before March 2023 the bank will start UPI and all other facilities for digital platforms. Soon customers will be able to do major banking transactions from home.

Elaborating further on the post-centenary decennial celebrations of the bank, chairman Mr. Anil Lobo says, “ MCC Bank is a community bank. 110 years of community banking means a lot to the community which contributed to the growth of trade and commerce in the region. This year the Bank has already declared and credited a 10% dividend to the shareholders. As stated earlier, credit cooperatives or Souhrada societies can pay more dividends to their shareholders as they are not supposed to pay income tax.  But as a bank, MCC Bank has to pay income tax.   Though the bank is not in a position to pay a higher dividend, a community bank always extends support to the community's needs.  To commemorate post centenary decennial year special deposit scheme is announced for a limited period at the interest  rate of 7.60%

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The bank pays 5% interest on student saving bank accounts and lends education loans to the students for higher studies @8.75% Bank encourages Konkani language activities by providing the newly built PFX Saldanha Auditorium to Konkani literary activities and programs free of cost. Apart from this on the occasion of the post-centenary decennial celebration, the bank is distributing financial aid towards education, treatment, house repairs, and marriage cost of daughters for the needy of the community ranging from 10 to 15 lakhs. As a community bank, the bank responds well to the community needs and  tries its level best to discharge community responsibilities”

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Speaking about the major achievement of his team and tenure,  Chairman Mr. Anil Lobo says, “   Customer satisfaction is a major achievement of our tenure. First time in the 110 years history of the bank we were successful in pulling down the NPA of the bank to 1.60%. This is remarkable. While speaking about the NPA, we only speak about bad debts or unrecovered loans.  But to me every inch of space is NPA.  There was no lift and ramp in our administrative office. Senior citizens and specially-abled abled persons visiting the head office find it difficult to climb the stairs. So we built the ramp and installed the lift. There was no proper parking area in the administrative office. A piece of land was lying idle behind the bank. The bank converted the space into a parking zone. On the second floor of the administrative office, an auditorium in memory of our founder PFX Saldanha, State of an art staff training center, and two restrooms for the resource persons were built. Not only the administrative office, most of the branches either upgraded or shifted to the premises with parking, ramp, and lift facility. Customers are the backbone of the bank and their satisfaction is the greatest achievement of our tenure”

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Those who know Mr. Anil Lobo, personally know his persona. He is the most grass root level worker grown into the most practical community leader in society. Besides community service, he is involved in various social activities which promote brotherhood. He is the youngest elected Chairman in the 110 years history of the MCC Bank Ltd.

In his concluding remarks, he says “We are living in a very competitive world. Not alone banking, all sectors face tough challenges, sometimes challenges of survival. Bearing this in mind the bank administrative office exteriors upgraded to a corporate look. Continuing the legacy of our ancestors should be our responsibility, and developing it should be our duty. “  

Post-Centenary Decennial Celebrations

To commemorate the post-centenary decennial celebrations of the bank a grand event has been organized on Sunday 27 November 2022 at Milagres College Grounds, Hampankata, Mangaluru at 5.45 p.m.

The celebration will start with a thanksgiving Eucharistic mass at 3.45 p.m at our lady of miracles church, Mangalore.  Most Rev Dr. Peter Paul Saldanha, Bishop,  Dioceses of   Mangalore will inaugurate the stage program. Most Rev Dr. Gerald Isac Lobo, Bishop, Diocese of Udupi will bless the celebrations. Shri Vedavyasa Kamath, Hon’ble  MLA, Mangalore South, and Dr. Ronald Colaco, NRI Entrepreneur and Philanthropist, UAE  will be the chief guests.

Chairman Mr. Anil Lobo has requested the members and customers of the bank to kindly grace and enhance the joy of celebration.

Vehicle parking is available at Milagres Church, Milagres Hall, and the ground opposite Hotel Motimahal.  The Celebration will conclude with the Diner and the stage program will be followed by a cultural program by renowned artists. 

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News Network
March 25,2024

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Bengaluru, Mar 25: Former Karnataka Minister and mining baron G Janardhana Reddy on Monday rejoined the BJP ahead of the 2024 Lok Sabha polls.

The Gangavati MLA, who is an accused in an illegal mining case, had formed the 'Kalyana Rajya Pragati Paksha' (KRPP) ahead of the state assembly polls last year, snapping his two-decade-old association with the BJP.

Reddy today merged his KRPP with the BJP as he, along with wife Aruna Lakshmi and some family members, joined the party in the presence of its veteran leader and former Chief Minister B S Yediyurappa, state President B Y Vijayendra, and others.

Reddy had recently met Union Home Minister Amit Shah in New Delhi.

However, in the February 27 Rajya Sabha polls he had extended support to the Congress candidate.

Calling it a "home coming", Reddy explained that the move to merge KRPP with the BJP is to "make Narendra Modi the Prime Minister a third time".

"Amit Shah had invited me to Delhi and told me that -- there is no question of extending outside support (KRPP supporting BJP in LS polls) and instead I should join the BJP and work for it, as I took my political birth in the party. Accepting it, I'm joining the party," he said.

Praising Yediyurappa and the leader's contribution in his political growth, Reddy said he is happy that he will be working in the party now with the veteran leader's son Vijayendra.

"I will work as a common party worker along with other leaders under the leadership of Vijayendra. I have not come with any conditions or expectations. Whatever responsibility the party gives me, I will honestly work.

"BJP was always there in my blood, but due to some reasons I had gone out, but today I feel I have come back to my mother's lap. Looking at my brothers here, I don't feel like I'm coming back to the BJP office after 13 years," he added.

Welcoming Reddy back into the party, Vijayendra said his joining will strengthen BJP in the Kalyana Karnataka region.

"Liking Narendra Modi's leadership and accepting BJP's ideology, Reddy has rejoined the party. Reddy has said that Karnataka should have a larger contribution in making Modi PM once again -- to ensure that BJP and JD(S) alliance win all the 28 Lok Sabha seats in the state, he is merging his KRPP with BJP and is joining the party," he said.

Before the assembly polls last year, Reddy had been largely politically inactive for nearly 12 years since his arrest by the CBI for an alleged role in a mining scam. During this period, he had a brief stint ahead of the 2018 assembly polls when he campaigned for his close friend and former Minister B Sriramulu in Molakalmuru Assembly segment.

In the run up to the 2018 assembly polls, the then BJP national president Amit Shah, in response to a reporter's question, had distanced the party from him and stressed that "the BJP has nothing to do with Janardhana Reddy." Accused in a multi-crore illegal mining case, he has been out on bail since 2015. Several conditions were imposed by the top court in its order which includes prohibiting him from visiting Ballari in Karnataka and Ananthpur and Kadapa in Andhra Pradesh.

Because of these restrictions, he had to contest the 2023 Assembly polls from Gangavati in Koppal district.

Expressing his displeasure about the way BJP had ignored him, Reddy had announced a new party last year and also took a dig at his brothers -- Karunakara Reddy and Somashekar Reddy -- and Sriramulu, as they remained with the BJP.

The three of them had unsuccessfully contested the Assembly polls, with Reddy's new party said to have impacted their performance in the election.

Sriramulu, a ST community leader and former Minister is now the BJP's candidate from the Bellary (Ballari) Lok Sabha constituency.

Reddy had played an instrumental role in strengthening the BJP in the Ballari district and is still believed to enjoy a considerable clout there as well as in adjoining districts like Chitradurga, Koppal and Raichur, which could be useful for the BJP in the Lok Sabha polls.

Reddy and his brother-in-law B V Srinivas Reddy, managing director of Obalapuram Mining Company (OMC), were arrested by the CBI on September 5, 2011.

The company is accused of changing mining lease boundary markings and indulging in illegal mining in the Ballari Reserve Forest area, spread over Ballari in Karnataka and the Anantpur district of Andhra Pradesh.

Reddy first came to political limelight during the 1999 Lok Sabha elections, when he campaigned for BJP leader, the late Sushma Swaraj, who had contested against Congress' Sonia Gandhi from Ballari.

Former Congress Minister T John's son Thomas John also joined the BJP today.

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News Network
March 27,2024

Bengaluru: The National Investigation Agency (NIA) on Wednesday launched simultaneous raids in multiple places, including Bengaluru and Shivamogga.

Reports suggested that the ongoing raids are in connection with the Improvised Explosive Device (IED) blast in Bengaluru’s Rameshwaram Cafe on March 1. The blast had injured at least ten people as per the police report.

The Central Crime Branch (CCB) had launched an investigation alongside the NIA, and the trail of the suspect led them to Tumakuru first and subsequently to Ballari. Investigators believe that the bomb was planted by Mussavir Hussain Shazib, a handler of the Islamic State’s Shivamogga module who was aided by another IS handler called Ahmed Taahaa.

Sources in the know said that Shazib and Taahaa had stayed in Chennai for about a month between January and February using fake credentials. The names of the suspects were identified after they traced the cap worn by Shazib to a shop in a mall in Chennai. The cap, which was abandoned by the bomber in Bengaluru after the blast, was reportedly bought by Taahaa, around January-end.

As per the NIA, Shazib hails from Masjid Road in Thirthahalli, Shivamogga district, and Taahaa from Fish Market Road, Soppu Gude, Thirthahalli Rural. Both "wanted" suspects have been termed "absconders" by the NIA.

The NIA has questioned seven jailed terror suspects so far in connection with the blast. The investigation agency had also obtained seven-day custody of a jailed terror suspect named Maaz Muneer Ahmed.

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News Network
March 14,2024

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Mangaluru, Mar 14: “Hindutva is my commitment and development is my priority,” said Indian army veteran and entrepreneur Captain Brijesh Chowta after the BJP high command announced a ticket to him from Dakshina Kannada Lok Sabha constituency.

Known as a BJP stronghold, Nalin Kumar Kateel has served as the MP of this constituency for the past 15 years.

Soon after the announcement was made, 42-year-old Chowta, who is also the BJP state secretary from Dakshina Kannada constituency, sought the blessings of his parents and went to Shree Sharavu Mahaganapathi Temple and visited the war memorial to offer tributes.

A BSc graduate from St Aloysius College, he completed his executive business Management program from the Indian Institute of Management, Indore.

He was commissioned into the 7th battalion of the 8 Gorkha Rifles and served in counter-insurgency operations in Assam and Manipur and was part of Elite Ghatak team. He also served as the adjutant to the battalion. He has been associated with the BJP since 2013. He is the president of Mangaluru Kambala and organiser of Mangaluru Lit Fest.

“Humbled and grateful to our party seniors led by our commander-in-chief PM Narendra Modi for giving me this opportunity to be our party’s candidate and representative of his work and vision in Dakshina Kannada. I pledge to continue to work with even greater rigour for the welfare of our region and people driven by the mantra of ‘Nation First’. I humbly bow down to all our karyakartas & everyone who stood by me & toiled with me to make this happen. Our task has just begun, as we work towards making Dakshina Kannada the number one in the state,” Captain Chowta said on X.

Kateel welcomes change 

Meanwhile, sitting Dakshina Kannada MP Nalin Kumar Kateel has welcomed the party’s decision to field Capt Brijesh Chowta as the BJP candidate for Dakshina Kannada Lok Sabha constituency.

He said the change aligns with the party’s strategy of fostering new talent to broaden its base and activities. He hoped that he will win by a margin of more than 3 lakh votes.

Soon after the list was announced on Wednesday, the three-time MP told reporters that he has brought projects worth about Rs 1 lakh crore during the last 10 years, under the Modi government.

He thanked the party for giving him a big responsibility of leading the party in the state. “I have worked honestly,” he said.

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