Dhenkanal (Odisha / Orissa): The 60-year-old Dhenkanal Urban Cooperative Bank Ltd was shut down due to persistent bankruptcy for the last two years. Following the guidelines of the Reserve Bank of India, the Odisha government has issued an order on February 18, 2010 for the liquidation of the bank imposing the Odisha Cooperative Act 133 A(2).
Closure of DUCB has not only hurt the sentiments of the locals here, but has also drawn a question mark on the future of 18,824 depositors who are yet to get back Rs 10.85 crore from the bank towards their deposits.
The Jamakari Surakhya Mancha (JSM) has blamed the cooperation minister for such unfortunate development as it had been earlier assured to arrange Rs 5 crore from Government to save the bank from closure.
courtesy : http://www.orissadiary.com/
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