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New Chavan-NCP rift over co-op banks

There could be fresh trouble brewing between chief minister Prithviraj Chavan and the Nationalist Congress Party, with the former reluctant to dip into state coffers to bail out six district co-operative banks.
Hindustan Times | By Ketaki Ghoge, Mumbai
UPDATED ON SEP 23, 2012 01:13 AM IST

There could be fresh trouble brewing between chief minister Prithviraj Chavan and the Nationalist Congress Party, with the former reluctant to dip into state coffers to bail out six district co-operative banks.

Three of these banks are controlled by NCP politicians keen on helping these mismanaged banks, which have been asked by the RBI to shut by September 30.

In a meeting between union agriculture minister Sharad Pawar and Chavan on Saturday, it was decided to knock on the doors of the union finance ministry for help. Relations between the CM and NCP are also likely to hit a new low over the ongoing irrigation department row, with NCP chief Sharad Pawar on Saturday countering Chavan's claim of mismanagement.

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