MCC Bank opens 20th branch in Byndoor, Udupi district
Byndoor: MCC Bank Ltd formally inaugurated its 20th branch at Byndoor on Sunday, August 3, 2025. The new branch is located on the ground floor of Deepa Complex, Main Road, near the Petrol Bank in Byndoor.
The inauguration ceremony was led by the Chairman of MCC Bank, Anil Lobo. The premises were blessed by Vincent Coelho, Parish Priest of Holy Cross Church, Byndoor. The Safe Room was inaugurated by Babu Shetty, President of the Managing Trustee of Shri Mookambika Temple, Kollur, and the E-Stamping facility was launched by Philip Nellivilla, Principal of St Thomas Residential School, Byndoor.
Among the invited guests were Raju Poojari, former president of Udupi Zilla Panchayath; Sadashiva D. Paduvari, nominated member of Byndoor Town Panchayath; Kapsi Noor Mohammed, vice president of Shiroor Grama Panchayath; Nagesh Kharvi, president of Nadadoni State Association; and Mobi P.C., president of the Byndoor Bar Association.
The programme began with a prayer song by the bank staff. In his address, Anil Lobo acknowledged the support extended by local residents and institutions during the pre-opening phase and appealed for continued cooperation to help the branch achieve a turnover target of ₹10 crore in its first year. He reiterated that the bank, functioning under the supervision of the Reserve Bank of India (RBI) and insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC), offers services on par with public and private sector banks.
Speaking at the event, Vincent Coelho highlighted the importance of banking services for local communities and described the opening as a step forward for cooperative banking access in the region. Philip Nellivilla shared his experience as a customer and expressed confidence in the bank’s service quality. Babu Shetty encouraged public participation and support for the new branch. Raju Poojari pledged his assistance and urged staff to work with diligence.
MCC Bank also used the occasion to felicitate students from the Byndoor region who excelled in the SSLC and PUC examinations. Nicola Roshni Dias, who cleared the Chartered Accountancy examination on her first attempt, was among those recognised. Customers who opened new accounts at the Byndoor branch were also felicitated.
Office bearers of various local organisations were acknowledged, and special recognition was given to Jagannath Shetty, the owner of the premises, and Karthik Kiran, the civil engineer associated with the project.
General Manager Sunil Menezes introduced the newly appointed staff of the Byndoor branch. The bank’s vice chairman and board of directors were present at the event. Elroy Kiran Crasto delivered the welcome address, while Sandeep Quadras proposed the vote of thanks. The proceedings were conducted by Steevan Colaco.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Power tariffs under BESCOM to rise from May 1
Bengaluru (PTI): Power bills for consumers under the Bangalore Electricity Supply Company Limited (BESCOM) will go up from May 1, following an order issued by the Karnataka Electricity Regulatory Commission (KERC) on Friday.
The hike comes after KERC allowed the BESCOM to recover a revenue deficit of Rs 2,068 crore incurred in 2024-25, from the consumers.
As a result, for every unit of electricity consumed in 2024-25, the customers will be charged an additional 56 paise, it said.
"BESCOM shall calculate, for each of the active consumers of FY2024-25 the amount to be recovered based on their actual energy consumption during FY2024-25. Such amount shall be recovered during FY 2026-27 in equal monthly instalments, to be called as 'FY25 True up Charges', commencing from the first meter reading date falling on or after 1 May 2026 and concluding with the reading date ending on 30 April 2027," the order said.
"It is further ordered that BESCOM shall maintain a separate head of account, allocated for the purpose, to record the adjustment of the said amount to ensure full recovery of the deficit," it added.
Similarly Chamundeshwari Electricity Supply Corporation Limited (CESC) has also recorded a revenue deficit of Rs 121.71 crore and can collect an additional 15 paisa per unit for consumption in 2024-25, official sources said.
