.........Chairman of MCC Bank Melvyn D Cunha expressed his happiness over the withdrawal of these restrictions by RBI and pointed out that the Bank had made tremendous progress in the last five years after his team was elected to take control of the management. He said, “These restrictions were like a major hurdle in our efforts to chalk out any growth plans. Despite these stringent restrictions the bank was able to have a turnover of over Rs 426 crore in the last five years. This was possible because we were able to streamline the administration.”...........
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