Surat Congress leader Darshan Nayak’s complaint has prompted the Gujarat Registrar of Cooperative Societies to write to the RBI’s Department of Supervision, urging the Centre to enforce reforms requiring cooperative bank directors with over 10 years’ tenure to resign, media reports say.
Nayak alleged that despite having powers, state and district registrars are avoiding direct action, passing responsibility to RBI. He plans to involve MPs Shaktisinh Gohil and Geniben Thakor to raise the matter in Parliament and demand dismissal of non-compliant officers.
The District Registrar has sought reports from five banks, Surat Mercantile, Surat District, Panchshil Mercantile, Prime, and Varachha Co-operative, on directors’ tenure compliance.