[ad_1]
This story is from February 25, 2018
DHARAMSHALA: With the country embroiled in a controversy over a multi-crore banking fraud, politicians in Himachal Pradesh are pulling out all the stops to grab the chairmanship of Kangra Cooperative Bank (KCC), which is mired in “bad loans” to the tune of Rs 1,200 crore.
The current chairman, Jagdish Supehere, is a Congress leader and a close aide of former chief minister Virbhadra Singh. He said he would step down from the post of chairman only if he is voted out at the board meeting scheduled for February 26. “We have called a meeting for February 26. My term will end in September this year. I will step down if the board decides to step down,” he said, adding that the bank’s non-performing assets (NPAs) would be disclosed in the media on February 26.
KCC is one of the largest cooperative banks in the southern state. Its board of directors has 18 members. BJP leaders Rajiv Bhardwaj, Ranjit Rana and Keshav Korla are said to be in the fray for the post. Korla has been elected as a director of the bank while Rana and Bhardwaj are government nominees who joined the board this month after the BJP came to power in the state.
According to the survey, Bhardwaj has never won any election so far, while Korla served as the bank’s deputy governor for two terms, won the pradhan election as well and remained a member of the BDC.
The bank’s managing director PC Akela has already ordered a probe into the causes of bad loans. Several branch managers in Una and Palampur have been accused of granting loans without following proper procedures. Akela told TOI that the bank’s actual bad loans would be known within a month. “We have ordered a probe and the report will be out within a month,” he said.
Sources familiar with the matter said a meeting will be held on Sunday evening, with Health Minister Vipin Parmar also in attendance.The bank has also been rocked by a controversy over recruitment, with the BJP government having put on hold the recruitment of 216 positions.
The current chairman, Jagdish Supehere, is a Congress leader and a close aide of former chief minister Virbhadra Singh. He said he would step down from the post of chairman only if he is voted out at the board meeting scheduled for February 26. “We have called a meeting for February 26. My term will end in September this year. I will step down if the board decides to step down,” he said, adding that the bank’s non-performing assets (NPAs) would be disclosed in the media on February 26.
KCC is one of the largest cooperative banks in the southern state. Its board of directors has 18 members. BJP leaders Rajiv Bhardwaj, Ranjit Rana and Keshav Korla are said to be in the fray for the post. Korla has been elected as a director of the bank while Rana and Bhardwaj are government nominees who joined the board this month after the BJP came to power in the state.
According to the survey, Bhardwaj has never won any election so far, while Korla served as the bank’s deputy governor for two terms, won the pradhan election as well and remained a member of the BDC.
The bank’s managing director PC Akela has already ordered a probe into the causes of bad loans. Several branch managers in Una and Palampur have been accused of granting loans without following proper procedures. Akela told TOI that the bank’s actual bad loans would be known within a month. “We have ordered a probe and the report will be out within a month,” he said.
Sources familiar with the matter said a meeting will be held on Sunday evening, with Health Minister Vipin Parmar also in attendance.The bank has also been rocked by a controversy over recruitment, with the BJP government having put on hold the recruitment of 216 positions.
End of article
[ad_2]
Source link
