The Tripura State
Co-Operative Bank is facing a serious crisis as the annual turnover of
the bank is depleting alarmingly and the concerned authorities
apprehending that it may come down to less than fifty percent of last
year's business.
The
year is nearing closer but the amount of business of the bank is yet to
touch half of the last years turnover of more than Rs five crore. What
is aggravating the concern is the growing trend among the customers of
almost all the 64 branches across the state to shift their deposits to
other nationalized banks which indicates their decreasing confidence on
the State Co-Operative Bank.
It
is learnt that the total indecisiveness of the government since the new
BJP-IPFT government came into power in March last year is vastly
responsible. Immediately after coming into power the BJP-IPFT government
has dissolved the Board of Directors of the bank but it is yet to
reconstituted.
The
vacuum in the top was further widened as there is no Managing Director
for last six months and no General Manager for last two months. A
notification was issued in last December inviting application to fill up
these posts and some applications also was received but there is hardly
any initiative to process the matter.
In
absence of two top officials one Development Officer is discharging all
the duties. He is naturally reluctant to take any major decision
including approving of big loan proposals which is seriously affecting
the performance of the Bank.
