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Maharashtra govt dismisses Board of NDCC Bank

By Religare

The Maharashtra government has dismissed the Board of Nashik District Central Co-operative Bank (NDCC) in view of alleged irregularities and not following orders of the government and NABARD and appointed Gyandev Mukane, joint director (sugar), as the administrator of the bank.

According to reports, the term of the NDCC Bank's board of directors ended on March 15, but the process of fresh election was delayed.

A complaint on irregularities in the bank had been sent to Chief Minister Prithviraj Chavan.

Story first published: Friday, May 24, 2013, 23:46 [IST]
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