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| Financially crunched JCCB thumbs down Increments, allowances to employees | | Illegal appointments, attachments, alleged in scandal mar JCCB | | Sumit Sharma
Jammu, Oct 5: After bringing to notice of the public about ennui of Jammu Central Cooperative Bank (JCCB), some more skeletons started tumbling out of the cupboard. The new surprises coming out from the cupboard include illegal appointments and prized posting/attachments to blue eyed persons.
If the sources within bank are believed, the bank employees have been made scapegoat to cope up the losses of the bank, coming in the shape of alleged illegal appointments, attachments and scandal besides ignoring of RBI guidelines.
"The bank administration had stopped increments, Dearness Allowances (DA) and other benefits to many of employees since this March," sources lamented.
They said that the financially crunched banking institution took this precautionary measure to cope the financial hiccups while making employees to suffer after bank suffering 10.88 per cent erosion of deposits while same is the fate of Anantnag Cooperative Bank which marked an erosion of 45.93 per cent. Though, the bank sign MoU to give benefits at par with other banks, especially J&K Bank, but all went vain, they added.
Meanwhile, sources within RBI maintained that the JCCB administration has violated clear cut instructions of the nodal banking agency which including no further deposits, no further extension counters and no appointments prior to coming up at par with the set norms for any banking institution.
Sources within JCCB further revealed that after getting an interim order from J&K High Court, Mohinder Singh, Chairman of the Bank keeping in view of uncertainty looming over the license of the bank a delegation led by Chairman Mr Singh rushed to the Chief Minister's Secretariat to seek its due intervention. Following this plea a letter was tossed to RBI Central Office for amnesty to the bank and urged for the time, sources said further asserting, " it (the effort from CM's Secretariat) was an time buying endevour. However, they added the response from other side is yet awaited.
Pertinently Mohinder Singh, Chairman Jammu Central Cooperative Bank Limited and Arun Bakshi, OSD to the Chairman of the Bank obtained interim orders from the High Court after State Accountability Commission (SAC) initiated proceedings against them along with Minister of State for Cooperatives, Dr Manohar Lal Sharma in the recent past on the plea that SAC does not take suo moto decision. SAC took them to ride in the month of May 2012 following the complaint of mismanagement, irregularities, illegal appointments in cooperative sector, prominently JCCB. |
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