The Puri Urban Cooperative Bank Limited is in news following appointment of two new candidates into its office just a day before expiry of its managing board.
When the board is ending on Thursday, two persons have joined overnight, alleged a director of the bank.
Director Pravanjan Mohapatra, challenging the appointments, alleged that the two were appointed through backdoor.
He stated that no approval had been made by the board for appointment and no consent of Cooperation Department and the Reserve Bank of India had been sought. Mohapatra said president Gunanidhi Mohapatra and secretary inducted two of their relatives secretly through back door, looking at expiry of the board.
