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MSCB: Row between NCP and Cong may ease

ajaykishor by ajaykishor
May 19, 2011
in Banks
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Twelve days after the battle-lines were drawn between the Congress and its ally, the Nationalist Congress Party (NCP) in the state over the dissolution of the board of directors of the Maharashtra State Cooperative Bank (MSCB), the first signs of a diffusion in tension emerged.

Chief minister Prithviraj Chavan called for a meeting of the state cabinet of ministers on May 20. Some NCP ministers had earlier accused the Congress of targeting the party to score political points.

The NCP is considered to have control over the bank’s operations. Deputy chief minister Ajit Pawar has been on its directorial board for a decade-and-a-half. On May 7, the Reserve Bank of India (RBI) asked the state government to dissolve the board, in view of alleged discrepancies in the functioning, and appoint administrators in their place.

Pawar had accused the Congress leadership at the Centre of plotting the move.

The state deputy chief minister has skipped government functions presided over by Chavan ever since the controversy erupted.

The two leaders will finally meet in Delhi on May 19, as part of an official state delegation, to the finance ministry for approval to the budgeted plan size for 2011-12.

Congress party is trying to get a hand on the NCP bank so they removed all NCP men now they have put there men in place.

Tags: chavanCongresscooperativemaharashtraMSCBmumbaiNCPPawar
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