Wednesday, June 20, 2012

Despite HC orders, Nagpur District Central Cooperative Bank scam case stuck for 10 yrs

.........Currently Reserve Bank of India (RBI) has issued orders restricting the NDCCB from accepting fresh deposits. A district central cooperative bank (DCCB) is a key source of agriculture finance, the ban on deposits has severely hampered its operations. Incidentally, once again a panel backed by Kedar is in power at NDCCB. The scam has taken its toll the Wardha and Osmanabad district central cooperative banks too. Funds of these banks are alleged to have been remitted to Home Trade through Kedar.

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