Nabard conducted an inspection at the Rajkot District Co-operative Bank (RDCB) in Gujarat, reports Press Trust of India.
Nabard’s inspection of the bank after demonetization has fueled speculation that the cooperative bank has indulged in dubious activities.
However, Vitthal Radadiya, BJP MP from Porbandar and also Chairman of RDCB, has described inspection as “a routine process” undertaken by NABARD every year.
Radadiya earlier openly opposed the govt move on demonetization. He also did not participate in the rally of Modi held earlier in Gujarat. His son, who is a Minister in Gujarat Cabinet, however said that the senior Radadiya was indisposed.