A division bench of the Calcutta High Court directed a three- member committee to submit a report on the revival of Ramkrishnapur Cooperative Bank in three months’ time, reports Business Standard.
The cooperative bank in Howrah with around 30,000 depositors had closed down in 2011 and the deposits were not paid back, said a source.
Earlier, some depositors had petitioned the high court alleging gross financial irregularities by the bank’s management.