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…
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…
Mysuru: More skeletons are tumbling out of closets in the alleged scam at Mysuru-Chamarajanagar District Central Co-operative Bank’s (MCDCC) Hunsur Branch where the Manager, Ramappa Poojar, has been accused of swindling and diverting crores of rupees of public money into his private Bank accounts. It has come to light that though Poojar has withdrawn a…
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…
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…
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.
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 Ramakrishegowda replaces C.N. Devaraj, whose nomination has been withdrawn by the APEX Bank.
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…
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…
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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