MCC Bank convenes Annual General Meeting
Mangaluru: M.C.C. Bank Ltd., has performed well under all the financial parameters during the Financial Year 2021-22 and has declared a dividend of 10% to its shareholders. The Bank has earned an unprecedented net profit of Rs.8.27 Crore (138% growth), first time in the history of the Bank.
The Bank has convened its 104th Annual General Meeting at Loyola Hall, St Aloysius P.U. College, Kodialbail, Mangalore, on Sunday, the 25th September 2022 at 11 am.
The meeting began with a prayer led by the staff. Tributes were paid to late D.J. Patrao, ex-director, who passed away on 23.12.2021 and also the members who passed away in the previous year.
The Chairman of the Bank, Anil Lobo presided over the meeting and welcomed the directors and the members to the meeting.
While addressing the meeting he said that, “The bank has earned a record net profit of Rs.8.27 crore, with a total deposit of Rs.532.08 crore recording an increase of 16.47% over the previous year; the total advances of Rs.328.56 crore recording an increase of 7.16% over the previous year; working capital of Rs.615.06 crore (growth of 14.00%) and share capital of Rs.18.43 crore as on 31.03.2022. Moreover, the NPA of the Bank has been reduced to 1.60% compared to the NPA percentage of 2020-21 at 3.23%. The provision coverage ratio stood at 77.61% of the total NPAs. The Return on Assets (ROA) of the Bank stood at 1.34%, a substantial improvement over previous year (1.01%). The CRAR is 15.35% against the RBI requirement of 9%. The overall performance of the bank was very satisfactory. He thanked all the customers, members, staff and well-wishers for this achievement.
He told the members that the customer meet conducted at the branches has been highly appreciated by the members and customers. The Bank has been making efforts to bring more innovative products and has introduced Education Loan scheme at a very competitive rate of interest to assist the students who want to pursue higher studies both in India and abroad. The main motto of the Bank is to serve the customers in a transparent manner by understanding their financial requirements and thereby scale new heights in the years to come. The progress of the Bank will create new employment opportunities for the youth in the community. He thanked all the members and customers who firmly stood with the Bank and supported during its difficult times when some misguided members started spreading canards against the Bank with an ulterior motive of tarnishing the image of the Bank.
While thanking all the members for participating in the meeting in large numbers, he invited them for the ensuing Post Centenary Decennial Celebration scheduled on 27th November,2022 at Milagres PU College grounds.
Vice chairman Jerald Jude D’Silva read the minutes of the 103rd AGM.
The audited financials of 2021-22, audit report and compliance, programme of activities for the financial year 2022-23 and budget for the year 2022-23, amendments to the byelaws of the bank, were presented before the AGM and were approved. The Chairman clarified all the queries raised by the members during the meeting and assured that the efforts would be made to implement their suggestions made by them.
On this occasion, Sunil Menezes, General Manager of the Bank, who is celebrating his birthday was felicitated.
Directors Andrew D’Souza, Marcel D’Souza, J.P.Rodrigues, Elroy Kiran Crasto, Roshan D’Souza, Anil Patrao, Herald Monteiro, David D’souza, Dr Gerald Pinto, Irene Rebello, Dr Freeda D’Souza, Professional Directors C.G.Pinto, Sushanth Saldanha, Board of Management members Sharmila Menezes, Alwyn P. Monteiro, Felix Dcruz, General Manager Sunil Menezes, Deputy General Manager Raj Menezes were present at the meeting.
General Manager, Sunil Menezes compered and proposed the vote of thanks. The meeting concluded with the National Anthem.
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Delhi: Women's charred body found in suitcase; cousin among two arrested
New Delhi, Jan 27 (PTI): A 25-year-old woman's charred body was found stuffed in a suitcase in east Delhi, with police arresting her cousin and his accomplice for killing her after she allegedly pressured him to leave his family and live with her, officials said on Monday.
The burnt body was found packed inside a suitcase lying by the roadside near Shivaji Road between Ambedkar Chowk and Kerala Public School, on the intervening night of Saturday and Sunday, police said.
Police have arrested, Amit Tiwari (22), a taxi driver, and his cousin Anuj Kumar (20), a welder, residents of Khora Colony in Ghaziabad, Deputy Commissioner of Police (DCP) (East) Abhishek Dhania said.
According to police, the victim Shilpa Pandey, had been pressuring Amit, to leave his family and live with her permanently. She had also allegedly threatened to falsely implicate him and his family if he refused.
Unable to cope with these demands the two accused conspired to murder her. After committing the murder, they burned her body and disposed of it inside a suitcase to destroy evidence, the DCP said.
He said to destroy the evidence Amit purchased petrol and stubble. The accused placed the suitcase containing the body in an isolated area because of high security in Delhi due to assembly elections of and set it on fire, using the stubble.
Police received a PCR call about a charred body found on the roadside. A forensic team and crime investigation team were called to examine the scene, the officer said.
Upon reaching the scene, they discovered the burnt body of a woman, aged between 20 and 35 years, inside a burnt suitcase. The body was sent to the LBS Hospital mortuary, he said.
An FIR was registered at Ghazipur police station and formed multiple teams under the supervision of Additional DCP Vinit Kumar and DCP Abhishek Dhania.
CCTV footage provided a vital lead, showing a taxi linked to the crime. Using technical surveillance and mobile data, the police traced the vehicle and identified its owner, leading to the arrest of the accused, Dhania said.
Police said Amit had been friends with Anuj for the past six to seven years. The duo confessed to the crime during interrogation and the vehicle used in the crime has been impounded.
