Mangalore Catholic Co-operative Bank Ltd to launch NRE CELL on 6 January
Mangaluru: The more than a century old Mangalore Catholic Co-operative Bank Ltd, popularly known as MCC Bank, headquartered on the St Aloysius College Road, Hampankatta, Mangaluru- a bank founded by Catholic visionaries of Mangaluru with 16 branches across the undivided Dakshina Kannada District, and Rs: 307.79 Crores in deposits and Rs: 202.24 Crores in advances is all geared up to launch an NRE CELL on Sunday, 6 January 2019 at 10 am at their main branch.
It was on a rainy day of May 1912, heavy rains of Coastal Mangaluru did not deter the spirits of philanthropist pioneers from their goal of setting this luminous institute to help their less privileged brethren. More than Hundred glorious years the light moves on showing path to multitudes. Robert Owen is considered as the Father of Cooperative Movement. He thought it fit to start the cooperative societies to fight the dangers and damages of Industrial Revolution.
In 1912 Indian Cooperative Societies Act was amended and the Registrars of the Cooperative Societies were asked to spread the principles of cooperative financing. This brought Dewan Bahadhur Swamikunnu Pillai, the Third Registrar of the Cooperative Societies of the Province of Madras to Mangalore. He addressed the Mangalorean Catholic Gentlemen at then Catholic Union Club (presently Catholic Centre, Hampankatta.)
Pushed forward by the motivation and guidance of Dewan Bahadhur Swamikunnu Pillai, 67 generous leaders of the Mangalorean Catholics Joined together and under the leadership of F L Silva, G M Castelino, G A Saldanha, and P D’souza started working for the society. On 8-5-1912 The Mangalorean Catholic Cooperative Society was established. On 9-5-1912 the First General Assembly of the New Society called. The members elected Hon’ble P F X Saldanha as its first President, Simon Alvares as Vice President and J M Castelino as Secretary and Treasurer.
The visionary, philanthropic founders were motivated by the need of the catholic Community of their times. Agriculture was the major occupation then. The bank went on growing with the growth of its customers. The Mangalore Catholic Cooperative Bank played a major role in the economic prosperity of the Canara catholic community. For over ten decades the bank withstood all its challenges based on the strength it gained by serving the society. And now after 105 years of its existence MCC Bank is all set to add yet another feather to its cap by launching the NRE CELL, on Sunday 6 January 2019 at 10 am.
The blessing of the NRE CELL will be done by Rev Dr Peter Paul Saldanha- Bishop of Mangaluru Diocese, while Chief Guests James Mendonca- NRI Entrepreneur and Community Leader-Dubai and Joseph Mathias- MD, Merit Freight system Co LLC UAE & Mangaluru; along with Guests of honour namely Valentine D’silva and Francis Cutinho, both Former Chairmen of MCC Bank among others will join in the inauguration of the NRE Cell. The present Chairman of MCC Bank Ltd Anil Lobo will preside over the function.
The Chairman, Vice Chairman, The board of Directors, General Manager and Staff Members of MCC Bank Ltd have cordially invited you all to join in the inauguration celebration of this prestigious NRE Cell.