This is 4th Diwali when all the depositors of Rupee co operative bank are without money in hand. Are the politicians and co operative dept. looking forward when all the members die their own death and the problem is solved automatically?
The justice delayed is justice denied. When Modi Govt took the charge that time there was some hope that it will work with sincerity. Some steps also been taken to stop participation of tainted board members for fighting co operative elections, still it should not remain decision for the sake of politics. A real zeal to destroy the bad nexus should be at aim.
Can this forum put pressure on the Govt. to resolve this problem so that at least next Diwali bring some hope to ill fated bank depositors?
Vijay
I C Naik
Cooperative Banks’ Non-performance is very widely known . Why individuals get trapped is a mystery. If it is for greed of lucrative tax free interest, then risks is also to be factored in, Reputation of Individuals on Board is the key, If they are not known for integrity better stay away. When a Bank is in a problem Depositors are first victims. These are unsecured (MOST) funds the bank has got from gullible depositors.