After IFFCO and Nafed, it’s the turn of Delhi State Cooperative Bank. The apex bank is undergoing an elaborate process of elections and, according to sources, the hold of outgoing Chairman Bijendra Singh and his camp remains intact here.
Bijender had no such luck in Nafed elections held recently, where he won uncontested as a Director but failed to get re-elected to the top post of Chairmanship.
In the Delhi State Cooperative Bank elections, the final list after withdrawal was made public on Thursday, and out of 11 seats, seven directors have been elected unopposed.
The elected directors are Bijendra Singh, Jag Pravesh, Laxmi Narain Aggarwal, Naresh Kumar, Rajendra Sahu, Ram Pal Khatri, and Ch. Sukhbir Singh.
For four outgoing Board members, however, it was sheer bad luck as their nominations were found invalid. These include Banwari Lal, Shyam Lal, Bijendra Singh’s son Mandeep Singh, and Meera Maheshwari. Their nomination papers have been cancelled on the grounds of the wrong category being mentioned in the nomination.
It is learned that no election will be held and the vacant seat will be filled later on.
Elected Directors come from different categories including two representatives of Urban Thrift & Credit Cooperative Societies, three from agricultural credit/non-agricultural credit societies, one representative each from consumer stores/housing co-op societies, and Industrial cooperative societies.
The candidates whose nominations were rejected in different categories included one seat each reserved for a representative of other backward class cooperative societies and SC/ST cooperative societies as well as a seat reserved for women cooperative societies excluding Delhi State Women Cooperative Marketing & Service Federation, and a representative from Weavers Cooperative Societies.
AK Kaushal was appointed as the returning officer to oversee the election process.
The Delhi State Cooperative Bank Ltd. is a scheduled State Cooperative Bank, established on 2nd April 1921. It has traveled a remarkably long journey of more than 100 years. Being a responsive financial institution, it has been providing necessary financial assistance to urban and rural areas of Delhi.
It has a business mix of more than Rs 2200 crore and a network of 50 branches in Delhi.
