Excelsior Correspondent
JAMMU, May 9: Government today appointed the Board of Administrators to manage the affairs of Jammu Central Cooperative Bank Ltd under J&K Cooperative Societies Act 1989 with Additional District Development Commissioner, Anuradha Gupta as its chairperson and SDM North Jammu, Mohammad Ilyas Khan, representative of Chief General Manager NABARD, District Audit Officer Cooperative Societies Jammu Dr Ranjeet Singh Kotwal and General Manager /CEO Jammu Central Cooperative Bank as its members.
The Board of Administrators will manage the affairs of Jammu Central Cooperative Bank Ltd and will assist in holding elections to its Board of Directors in a transparent and fair manner.
The decision has been taken with a view to safeguard the interest of the bank and make it eligible for obtaining Reserve Bank of India’s mandatory license.
Pertinently, the term of incumbent Board was expired on May 02, 2017, and elections for new Board will require constitution of Electoral College comprising various Primary Agriculture Credit Societies (PACS) of Jammu province.
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