Being a Chartered Accountant by profession, handling money and its nuances has been part and parcel of his routine life. Around 16 yrs ago in 1999, M N Pai became a member of the Town bank. This is a co-operative bank in Mangalore which was established in the year 1918 by freedom fighter late Karnad Sadashiv Rao.
In the year 2007 he was co-opted as a Director of the bank. In 2010 he was elected as the Director of the Bank for a tenure of 5 years and now in the year 2015 M N has been unanimously re-elected for this post. Being part of the managing authority of the bank, MN drafts the rules and policies for the Bank.The loan proposals and the bank investments are also handled through him as a part of the committee.
As the Director of the Bank, it has been his responsibility to ensure that the policies, procedures and strategies are laid and followed for the smooth functioning of the organization.
Currently 25 employees are working across 3 branches of Town bank located at Kavoor, Carstreet and Padil in Mangalore. With an “A GRADE” rating under the grading system from RBI , the banks plan for expansion is in place .
Town Bank is slated to open new branches at Moodabidri and Gurupura-Kaikamba this year and work is in process for establishing the same.