Bank directors must resign: Shareholders Goa news

Mapusa: a group of shareholders of the Mapusa Urban Cooperative Bank has demanded that the government take over the bank to restore it to its normal state and to protect savers and shareholders from losses.

Mapida City Councilor Raj Singh Rane, who is also a shareholder, and a few others told the reporters on Friday that members of the board should file their resignation with the state cooperative registrar or central registrar if they can not deal with the affairs of the board. Bank.

"Today there is a blame about the pathetic situation of the bank and the administration is pointing the finger at a particular political party that leads the government, but has not admitted its mistakes," he said. Rane added: "CEO Gurudas Natekar says that there is a political motive as he belongs to Congress, just like former chairman Ramakant Khalap, which is why the bank is the target."

Another shareholder, Yeshwant Gaundalkar, said: "Why did the board withdraw from the high court of the Reserve Bank of India (RBI) embargo if they want to be serious about the bank's recovery?"

Mapusa Urban Cooperative Bank had decided to approach the RBI and appeal to the embargo on the bank with a view to Ganesh Chaturti.

A meeting of the board of directors was held on Thursday to discuss the impact of the sanctions.

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