RBI orders removal of Maharashtra minister, 7 others from Latur DCC Bank
Originally published by Business Standard
The Reserve Bank of India (RBI) has ordered removal of Maharashtra Cooperation minister Babasaheb Patil and seven other directors of the Latur District Central Cooperative Bank for exceeding the 10-year tenure limit. Patil belongs to the Nationalist Congress Party (NCP) led by Deputy Chief Minister Sunetra Pawar. The central bank's order followed directions passed by the Aurangabad bench of the Bombay High Court in response to a petition filed by bank member Satish Sheshrao Jadhav. RBI Assist
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