The Administrative Board of Rupee Bank which is entrusted with the job of reviving the ailing UCB has called a Press Conference today on the issue of restrictive nature of agreement entered in past between the staffs and management of the Bank.
In an invite sent by Mukund Abhyankar it has been noted that since the bank is closed and there is no earning there is an urgent need to revise the contents of the agreement agreed upon in the past.
Abhyankar also quotes RBI and the state govt for constantly reminding the Rupee Bank management of need to curtail expenses on salaries and staffs’ allowances.
The present Board had served notice on December 20, 2015 to all the three staff unions on the issue.
The Board led by Mukund Abhyankar is making an all-out effort to bring the UCB back to health by exhausting all legal means. Recently it confiscated mortgaged property and auctioned them to recover Rs. 67 lakh, informed Dr. Mukund Abhyankar.
