Thursday, Jul 7 2022 | Time 03:56 Hrs(IST)
image
Business Economy


Thane District Coop Bank not to be split into two for Palghar: Maha DyCM

Palghar, May 21 (UNI) Maharashtra Deputy Chief Minister and Finance Minister Ajit Pawar on Saturday categorically stated that the Thane District Co-operative Bank, which manages the affairs of the two districts of Thane and Palghar, will not be split into two to set up the Palghar District Co-operative Bank.
Palghar district was carved out of the erstwhile Thane district on August one, 2014.
Speaking at a function at Dahanu of the district, he said that unless the financial activities of the district become self sufficient, the Bank will not be split into two and a new bank will be established for Palghar, he reiterated.
In his speech, he said that it is very difficult to manage a small bank and hence, the new bank will not come into being for now.
Pawar also said that he has a vast experience in the co-operative field and has been the chairman of the Pune District Co-operative Bank for many years and can very well vouch that it was extremely difficult to manage small banks, he noted.
To drive home his point, the Finance Minister cited an example of Nandurbar-Dhule and Akola-Vashim where the bank is the unified bank and still not split into two.
He also stated that once the financial position of the district improves for better in future, the situation will be reviewed and take a decision in this regard.
"However, once the financial situation changes for better, we will examine splitting the bank," he said.
"No doubt by creating a new bank, activists of political parties are accommodated and they are benefited, but the bank suffers," he added.
"The Palghar District Co-operative Bank will not happen for now, else you will be ruined," Pawar warned.
UNI XR SS 2100
More News

Highest-ever launch in 1st half of 2022 in Pune: Gera Pune Residential Realty report

06 Jul 2022 | 9:12 PM

Mumbai, Jul 6 (UNI) The Gera Pune Residential Realty, a 50-year-old brand, has stated in its report that the sale of homes increased drastically in the first half of 2022 in the Pune market, as compared to first half of 2021.

see more..

DGCA issues notice to SpiceJet

06 Jul 2022 | 8:05 PM

New Delhi, July 6 (UNI) The Directorate General of
Civil Aviation (DGCA) on Wednesday issued a show-cause notice to
SpiceJet for failing to 'establish safe, efficient and reliable air services.'

"The reported incidents on aircraft operated by SpiceJet from April 1, 2022, till date have been reviewed. It has been observed that on number of occasions, the aircraft either turned back to its originating station or continued landing to the destination with degraded safety margins. This shows poor internal safety oversight and inadequate maintenance actions as most of the incidents are related to either component failure or system related failure (resulting) in degradation of the safety margins,” the notice said.

see more..

Wave goodbye to dry hands with ‘The Body Shop’

06 Jul 2022 | 8:02 PM

New Delhi, July 6 (UNI) When extra hand washing and sanitising leaves palms and pinkies high and dry, they need a hydrator that can handle anything.

see more..

TVS launches RONIN

06 Jul 2022 | 7:11 PM

Panaji, July 6 (UNI) TVS on Wednesday launched its new motorcycle – the TVS RONIN.

see more..
Monsoon essentials by Clovia to take care of your skin!

Monsoon essentials by Clovia to take care of your skin!

06 Jul 2022 | 6:19 PM

New Delhi, July 6 (UNI) With the arrival of monsoons, comes high humidity levels in the air, which can cause a number of skin issues, especially for people with oily or combination skin types, making their complexions appear even more greasy, lifeless, and dreary.

see more..
image