Tag: MCDCC Bank

MCDCC Bank President demands MD’s suspension for transfer of staff
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MCDCC Bank President demands MD’s suspension for transfer of staff

Mysuru: Mysuru- Chamarajanagar District Central Co-operative Bank (MCDCC) President S. Chandrasekahar has demanded suspension of the Bank’s Managing Director (MD) D.B. Lingannaiah for transfer of Bank staff from Hunsur, Bilikere, Periyapatna and Bettadapura branches. In a press release, Chandrasekhar took strong exception to Lingannaiah’s statements that the Bank President was trying to protect Hunsur Branch’s…

Relievement of MCDCC Bank MD stayed
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Relievement of MCDCC Bank MD stayed

Mysuru: The Joint Registrar of Co-operative Societies Court on Friday, stayed the relievement of MCDCC Bank Managing Director Lingannaiah from the post. Lingannaiah, as MCDCC Bank MD, had unearthed a huge misappropriation of funds scam involving crores of rupees in Bilikere and Hunsur branches of MCDCC. Following reports on the scam, the MCDCC discussed the…

MCDCC Bank Hunsur Branch Manager accused of misappropriating Rs.27.79 crore
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MCDCC Bank Hunsur Branch Manager accused of misappropriating Rs.27.79 crore

Hunsur:  Mysuru-Chamarajanagar District Central Co-operative Bank’s (MCDCC) Hunsur Branch Manager has been accused of misappropriating Rs.27,79,60,719 crore. Manager Ramappa Poojar demitted office on Friday following superannuation and subsequently the authorities are all set to issue notice to him. Ramappa Poojar, who had served as the Manager of Hunsur Branch of MCDCC Bank has been accused…

MCDCC Bank President S. Chandrashekar joins BJP
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MCDCC Bank President S. Chandrashekar joins BJP

Bengaluru: MCDCC Bank President and senior Congress leader S. Chandrashekar joined the BJP in the presence of State BJP President B.S. Yeddyurappa and a host of party leaders, at the BJP State headquarters in Malleswaram here yesterday. Speaking after joining the party, S. Chandrashekar said that he was previously in the BJP and now his…

MCDCC Bank AGM on Sept. 15
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MCDCC Bank AGM on Sept. 15

Mysuru: The 63rd Annual General Meeting of Mysuru and Chamarajanagar District Co-operative Central Bank (MCDCC) Limited will be held on Sept. 15 from 11 am at MMC&RI Platinum Jubilee Auditorium, JK Grounds, according to a press release from MCDCC Bank CEO.

Appointed to MCDCC Bank
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Appointed to MCDCC Bank

Mysuru: S. Ramakrishnegowda (Dairy Ramakrishnegowda) of Cholenahalli village in Hunsur taluk has been nominated as the APEX Bank representative of Mysuru-Chamarajanagar District Central Co-operative Bank (MCDCC). Ramakrishegowda replaces C.N. Devaraj, whose nomination has been withdrawn by the APEX Bank.

MCDCC Bank extends Rs. 452.47 crore loan in 2016-17
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MCDCC Bank extends Rs. 452.47 crore loan in 2016-17

Mysuru: The Mysuru & Chamarajanagar District Central Co-operative (MCDCC) Bank has extended a loan of Rs. 452.47 crore last year according to the Bank Chairman S. Chandrashekar. In a press release, Chandrashekar said that the loans disbursed included Rs. 357.41 crore short-term crop loan, Rs. 59.93 crore to new members of the Bank, Rs. 13.01…

KAT stays cancellation of  Basavegowda as MCDCC Bank Director
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KAT stays cancellation of  Basavegowda as MCDCC Bank Director

Mysuru: The Karnataka Administrative Tribunal (KAT) has stayed the Joint Registrar of Co-operative Societies’ (Mysuru Zone) order removing C. Basavegowda as   Director of the MCDCC Bank. Yachenahalli PLD Bank President Y.N. Shankaregowda had petitioned the Joint Registrar of Co-operative Societies, seeking the  removal of Basavegowda as MCDCC Bank Director, on the ground that Basavegowda has…

Rs. 247 crore loan of over 60,000 farmers in MCDCC Bank to be waived off
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Rs. 247 crore loan of over 60,000 farmers in MCDCC Bank to be waived off

Mysuru: With Chief Minister Siddharamaiah on Wednesday announcing crop loan waiver of up to Rs. 50,000 for farmers who have taken loans from Agricultural Co-operative Banks across the State, the city’s Mysuru-Chamarajanagar District Central Co-operative Bank (MCDCC) will waive off farm loans of 60,674 farmers amounting to Rs. 247.30 crores. MCDCC Bank President S. Chandrashekar…

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