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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High courts upheld only 8 per cent of death sentences; SC confirms none in recent years: Report
New Delhi (PTI): Highlighting that a high acquittal rate of death row convicts by the Supreme Court and high courts demonstrates a pattern of "erroneous or unjustified convictions", a study of 10 years of death penalty data has revealed that the top court did not confirm any death sentences in recent years.
The study by Square Circle Clinic, a criminal laws advocacy group with the NALSAR University of Law in Hyderabad, found that an overwhelming majority of death sentences imposed by trial courts did not withstand scrutiny at higher judicial levels. Acquittals far outnumbered confirmations at both the high courts and Supreme Court levels.
According to the report, the trial courts across India awarded 1,310 death sentences in 822 cases between 2016 and 2025. High courts considered 842 of these sentences in confirmation proceedings but upheld only 70 or 8.31 per cent.
In contrast, 258 death sentences (30.64 per cent) resulted in acquittals. The study noted that the acquittal rate at the high court level was nearly four times the confirmation rate.
Data showed that of the 70 death sentences confirmed by high courts, the Supreme Court decided 38 and did not uphold a single one. The apex court has confirmed no death sentences between 2023 and 2025.
"Wrongful or erroneous or unjustified convictions, then, are not random or freak accidents in the Indian criminal justice system. The data indicates they are a persistent and serious systemic concern," the report said.
Over the last decade, high courts adjudicated 1,085 death sentences in 647 cases, confirming only 106 (9.77 per cent). During this period, 326 persons in 191 cases, were acquitted.
The report attributed low confirmation rates to the appellate judiciary’s concerns regarding failures in due process. "This coincides with increased Supreme Court scrutiny of safeguards at the sentencing stage," the report said.
Of the 153 death sentences decided by the apex court over the last decade, the accused were acquitted in 38 cases. In 2025 alone, high courts overturned death sentences into acquittals in 22 out of 85 cases (over 25 per cent). The same year, Supreme Court acquitted accused persons in more than half of the death penalty cases it decided (10 out of 19), the report said.
The study highlighted that 364 persons who were ultimately acquitted "should not even have been convicted and unjustifiably suffered the trauma of death row". It added that such failures extend beyond adjudication and reflect serious lapses in investigation and prosecution.
The question of remedies for wrongful convictions remains pending before the Supreme Court. In September 2025, three persons acquitted by the apex court filed writ petitions seeking compensation from the state and argued that their wrongful convictions violated their fundamental right to life and liberty under Article 21 of the Constitution.
"In 2022, the Supreme Court crystallised a sentencing process in Manoj v. State of Madhya Pradesh , and mandated all courts to follow those guidelines before imposing or confirming a death sentence," the report read.
In 2025, the apex court held in Vasanta Sampat Dupare v. Union of India that death penalty sentencing hearings form part of the right to a fair trial and stressed that capital punishment can be imposed only after a constitutionally compliant sentencing process.
"However, even at the high courts whether the process mandated under Manoj is being complied with is in doubt,” the report said.
