MUMBAI: A day after the Reserve Bank of India dissolved the NCP-controlled Rs 20,000 crore Maharashtra state cooperative bank board for dismal performance, the Congress and the NCP seem to be on a collision course. Political analysts view the RBI's decision as a personal setback to agriculture minister Sharad Pawar and his nephew, deputy chief minister Ajit Pawar who were controlling the bank for over 15 years. On the recommendation of the National Bank for Agriculture and Rural Development ( NABARD), the RBI asked the Maharashtra government to forthwith dissolve the board of directors and appoint bank administrator. Chavan on Saturday appointed agriculture secretary Sudhirkumar Goel and planning secretary Sudhir Srivastava as administrators. They have already taken charge. Sharad Pawar was also in Satara. He took strong objection over the way administrators were appointed. "There was no corruption in the bank, there were certain irregularities, which could have been rectified after discussion, there was no need for dissolving the board of directors and appoint administrators on the bank," Pawar said. The cooperative bank chairman Manikrao Patil, a senior NCP leader, called it unfortunate since the bank had taken several corrective steps to restore its financial situation.
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