Friday, May 18, 2012

Office bearers scot-free as Nagpur District Central Cooperative Bank stares down the barrel

NAGPUR: With RBI setting a deadline of September 2012 for Nagpur District Central Cooperative Bank (NDCCB) to improve its financials, it is a race against time for the bank. As the management is busy compiling list of assets it can sell to garner funds, an inquiry that could have made the chairman and directors pay for the losses which led to the bank's troubles has been conveniently forgotten............

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