Page 20 - Banking Finance May 2019 N

CO-OPERATIVE BANK NEWS

CO-OPERATIVE BANK

NEWS
NEWS
NEWS
NEWS
NEWS

Metropolitan Court is- Telangana State Cooperative Apex Bank gets prize for
sues summons to Rahul best performance
for defamation Telangana State Cooperative Apex Bank won first prize for 'Overall Best Perfor-
mance' for the year 2017-18 among State Coopera-
In the criminal defamation case filed tive Banks (SCBs) in the country. The award was pre-
by Ajay Patel, sented by National Cooperative Development Cor-
Chairman of poration (NCDC) Managing Director Sundeep Kumar
Ahmedabad Nayak at a function organised by the National Fed-
District Coop- eration of State Cooperative Banks Limited
erative Bank
(NAFSCOB) in Hyderabad.
against Con-
gress President Karimnagar District Cooperative Central Bank (DCCB)
Rahul Gandhi was adjudged as winner of second prize for 'Overall
and Surjewala, the metropolitan Best Performance' among the DCCBs in the country, while Primary Agricultural
Court said that after examining the Cooperative Societies (PACS) Choppadandi (affiliated to DCCB-Karimnagar) se-
documents it appears there is a cured first prize for 'Subhash Yadav Award for the Best Performing PACS' among
prima facia case of defamation. PACS in the country.
The court also issueD summons and TSCAB Cooperative Training Institute (CTI) was adjudged as third prize winner
asked Congress President Rahul for best performance among the Agricultural Cooperative Staff Training Insti-
Gandhi and Spokesman Randeep tutes (ACSTI) in the country.
Surjewala to be present in the court. NAFSCOB was established in 1964 to facilitate operations of State and Central
The two leaders had alleged that the Cooperative Banks in general and development of cooperative credit Structure
co-op bank was involved in dubious in particular. The Federation has been presenting annual performance awards
transactions in the wake of demon- at all India level to State Cooperative Banks since 1982-83, District Cooperative
etization. Central Banks (DCCBs) since 2008-09 and 'Subhash Yadav Awards for Best
Ajay Patel and the Bank did not let Performing PACS' to Primary Agricultural Cooperative Societies (PACS) since
the matter pass and filed the two 1998-99.
criminal defamation cases against NAFSCOB chairman Dileep Sanghani, NABARD chief general manager Saritha
the two Congress leaders. His main Arora, TSCAB president Konduru Ravinder Rao, TSCAB managing director Nethi
argument was that due to their defa-
Muralidhar and other members from the cooperative banks fraternity, were also
matory statement, the bank's busi- present. The presidents and the managing directors of various SCBs, presidents
ness may suffer as depositors may and the chief executive officers of three good working PACS of each DCCB and
get doubts in their minds.
many others also attended the event.

20 | 2019 | MAY | BANKING FINANCE