|
Bank staff begin 72-hour march to Mumbai
Sunday October 30, 2011 04:42:09 PM,
IANS
|
|
Mumbai/Pen:
Thousands of citizens along with employees of Pen Urban
Cooperative Bank from Maharashtra's Raigad district Sunday started
a march to chief minister's bungalow in Mumbai to press for their
demands.
As a part of the 'Save Pen's Bank' movement, depositors, employees
and account holders of the bank from Pen town of the district
started the 72-hour march to Mumbai. The movement was supported by
the All India Bank Employees Association (AIBEA) and the
Maharashtra State Bank Employees Federation.
The Reserve Bank of India (RBI) in September last year imposed
stringent restrictions and passed an order for the closure of 18
branches of the Pen Bank. Despite this the bank was said to have
released loans for over Rs.500 crore to non-existing account
holders without verification of documents.
The RBI, in October last year, imposed a penalty of Rs.1 lakh as
the bank failed to satisfactorily respond to a show cause notice.
"The 72-hour march will culminate at Chief Minister Prithviraj
Chavan's residence where a delegation of bank representatives will
meet and apprise him of the situation," said Vishwas Utagi,
general secretary of AIBEA.
"Several employees have lost their jobs and thousands of
depositors and account holders have lost their money due to many
scams by the bank's chairman and directors," he added.
In November last year, bank chairman Shishir Dharkar, his wife and
six others were arrested in connection with another scam related
to gold export worth Rs.480 crore.
|
|
|
|
Home |
Top of the Page |
|
|
|
|
|
|
|
|
|
|
|
|
|
Comments
|
Quick links