CM backs RBI, Ajit Pawar fumes | mumbai | Hindustan Times
Today in New Delhi, India
Apr 24, 2017-Monday
New Delhi
  • Humidity
  • Wind

CM backs RBI, Ajit Pawar fumes

mumbai Updated: May 11, 2011 01:31 IST
HT Correspondent

As the Nationalist Congress Party made its displeasure evident, chief minister Prithviraj Chavan on Tuesday supported the Reserve Bank of India’s decision to appoint an administrator for the Maharashtra State Cooperative Bank and said the bank was not the property of any political party.

“MSC bank is a financial institution. It is a state asset, not a private holding of any party,” Chavan told reporters in Solapur. The MSC Bank — the principal funding agency for all co-operatives — is the apex bank for more than 1,000 agriculture co-operative societies, 33 district banks, 572 urban co-operative banks.

Even though all political parties have a stake in controlling the bank, the NCP has the largest number of members on the board. On Tuesday, an agitated deputy chief minister Ajit Pawar lost his cool at detractors who have been demanding his resignation on the bank issue. “Sarkar kunachya baapacha nahi ahe (This government is not anyone’s property). We have not done anything wrong,” Ajit Pawar said in Kolhapur.

Pawar also claimed that despite the bank having holdings of Rs 17,500 crore, an administrator was appointed. Pawar has been under sustained fire from the Opposition over the issue.

“I will check all the account-related documents of the bank and will talk to chairman Manikrao Patil as there have been contradictory reports about its condition,” Pawar said in Pune.

Meanwhile, the Shiv Sena, on Tuesday, requested governor K Sankaranarayanan to dismiss cooperation minister Harshwardhan Patil for his failure to control the mismanagement of MSC bank.

Sena legislators have also demanded a two-day special legislative session to discuss the issue, which, they said, affected the entire cooperative sector.

“The future of these poor people living in villages is in danger and there is need to discuss the matter as soon as possible,” said Sena legislator Vinod Ghosalkar.