Bank chairman flays former chief minister Dhumal

  • HT Correspondent, Hindustan Times, Dharamsala
  • Updated: Nov 29, 2014 18:57 IST

Kangra Central Cooperative Banks (KCCB) chariman Jagdish Sapehia on Saturday flayed former chief minister and leader of opposition Prem Kumar Dhumal for his statement, in which he said that the bank's graph had declined considerably in the last one year.

“KCCB is an autonomous institution and is functioning well. Leader of his (Dhumal) stature should speak on facts and not involve politics,” said Sapehia, while addressing a press conference here.
Dhumal, in his recent statement, had said that the profit of KCCB declined to Rs 19 crore in financial year 2013-14 against Rs 55.84 in 2011-12.

“This is true that the KCCB's net profit in 2013-14 has been recorded at Rs 19 crore. However, it is due to Rs 27 crore monetary benefits that were given to the employees of the bank in form of grade pay,” claimed Sapehia.

Sapehia said that apart from grade pay, the bank had given Rs 4 crore as gratuity to its employees and had opened 16 new branches in the last fiscal. He said it cost Rs 10 lakh to open one branch.

“If we include amount given as grade pay, gratuity, bonus to employees and the expenditure on new branches in the profit it comes to over Rs 55 crore,” said Sapehia.

Sapehia added that Dhumal, instead of giving misleading facts, should reveal why the profit of the bank declined when he was the chief minister, despite the grade pay not given to the employees.

He held the previous government and KCCB board of directors responsible for the financial mess in the bank during the previous year.

Sapehia alleged that during the previous BJP regime there was no transparency in the recruitment and other routine work of the bank, which led to the financial mess.

He also alleged that the promotions of the deputy general managers and other employees were withheld by the previous board, which resulted in vacant posts at higher level.

“In last one year, we have taken the KCCB to new heights and pull it out of financial mess,” said Sapehia, adding that the bank was also mulling a uniform policy for the pensioners so that all get their due right.

He said pension policy was being worked upon and soon the pensioners would get the good news.
Sapehia revealed that the bank was intended to open eight new branches in the current fiscal and 15 branches next year.

“The bank will also be recruiting more staff soon and the vacant posts of general manager and deputy general manager will be filled,” said Sapehia.

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