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.
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LS passes bill to open up nuclear sector for private participation
New Delhi (PTI): Lok Sabha on Wednesday passed the nuclear energy bill with Union minister Jitendra Singh asserting that it would help India achieve its target of 100 GW atomic energy generation by 2047.
The Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India (SHANTI) Bill, which seeks to open the tightly-controlled civil nuclear sector for private participation, was passed by voice vote amid a walkout by the opposition.
Singh termed the bill a "milestone legislation" that will give a new direction to the country's developmental journey.
"India's role in geopolitics is increasing. If we have to be a global player, we have to follow global benchmarks and global strategies. The world is moving towards clean energy. We too have set a target of 100 GW of nuclear energy capacity by 2047," he said.
The opposition contended that the bill diluted provisions of the Civil Liability for Nuclear Damage Act, 2010 that passed on the liability for a nuclear incident on to the suppliers of nuclear equipment.
