Maharashtra Cooperation Minister Babasaheb Patil on Thursday issued a detailed clarification in the Legislative Assembly regarding allegations of financial irregularities in the Yavatmal District Central Cooperative Bank (YDCC Bank).
The response came after MLA Anil Mangulkar raised concerns over a suspected scam, bogus recruitment, and misuse of funds.
The minister denied the claim that a misappropriation of Rs 516.65 crore had come to light in October 2025, calling the allegation “incorrect.” However, he confirmed that the bank had received approval to recruit 133 employees, and the recruitment advertisement was published on 17 September 2025. Patil clarified that the recruitment process has remained incomplete due to pending writ petitions before the Nagpur Bench of the Bombay High Court.
Patil also rejected the allegation that 95% of the recruitment was bogus. He admitted that the bank’s NPA levels have been rising for the past four years but noted that its management expenditure has remained within the permissible 2% limit, indicating financial discipline.
Addressing charges of excessive spending, Patil said the bank incurred Rs 28.54 lakh on directors’ travel and allowances in 2023–24 and 2024–25, but audit reports have shown no adverse remarks. Still, the government has ordered an inquiry, directing the District Special Auditor, Yavatmal, to verify the expenditure.
