It is a proud moment for Mangalore Catholic Co-operative Bank Limited (MCC Bank), to announce that the Reserve Bank of India (RBI) has given permission to provide banking facilities to Non-Resident Indians(NRI). Accordingly, the MCC Bank will be offering NRE (Non-Resident External rupee) and NRO (Non-Resident Ordinary rupee) Account facilities to NRI customers. The management and staff consider this to be a feather in the cap for remaining focused on the fundamentals of banking and its best practices with an emphasis on sustainable growth. This additional NRI segment of customers will surely add major growth to the already existing strong customer base.
MCC Bank has been striving hard to maintain its well cherished and worthily nourished basic banking value systems built up by its founder fathers and at the same time look forward to a greater progress with the ethos of modern technological developments. Thus enabling and empowering its customers to access the best banking systems and services. Having now obtained the permission for NRI facility, MCC Bank will surely grow with the growth of our Customers, Shareholders, Business Partners and all other Stake holders.
In addition, proper use of Information technology in the bank has opened new arenas of service to our customers. Information Technology has brought forward new products and new levels of banking services. Due to effective Core Banking Solutions (CBS) and networking between our 16 branches by providing anywhere banking to customers, retail banking has become very organized and speed based. This has greatly assisted all customers and will surely support the NRI's to manage their banking.
The Bank has recently installed ATM in Head Office and there are plans in place to install more ATM's on need basis. Through the Issuance of ATM/Rupay cards, customers are able to make their purchases on POS machines and e-commerce portals throughout India. MCC Bank expects to release IMPS (Immediate Payment system) during June 2018 and customers will be able to make immediate payments from their accounts through the use of their mobile. CTS cheque clearing system and RTGS/NEFT is already available and NRI customers will be able to use all of these modern day banking features. E-Stamping facility is also available at the Founders Branch at Hampankatta.
The Management is glad to state that MCC Bank is heading towards modern day banking reality steadily and wish that more and more people make use of these systems and reap benefits of retail banking. The Bank is grateful to all share holders, customers, staff and other stakeholders for their unflinching cooperation and support.
