Archive · 13 Sep 2025
Himachal Pradesh Suspends Kangra Bank Board Due to Irregularities
Imagine a bank that helps people save and borrow money.
This bank, called Kangra Central Cooperative Bank, had some problems.
A report showed they weren't managing money well.
The people in charge of the bank didn't follow the rules, which put people's savings at risk.
Because of this, the government has temporarily replaced them with a new administrator to fix things.
Himachal Pradesh government suspended the 20-member Board of Directors of Kangra Central Cooperative Bank.
The suspension followed a report from NABARD that exposed financial irregularities and governance failures.
Kangra Divisional Commissioner Vinod Kumar appointed as new administrator.
Show-cause notices issued to board members.
NABARD's report revealed asset erosion and rising non-performing assets.
- Who
- Board of Directors of Kangra Central Cooperative Bank
- What
- Suspension due to financial irregularities.
- When
- Friday (the article does not specify the year).
- Where
- Himachal Pradesh
- Why
- Financial irregularities, governance failures, and asset erosion.
- Bank
- Kangra Central Cooperative Bank (KCCB)
- Action
- Suspension of Board of Directors
- Reason
- Financial Irregularities and Failures
- Report
- NABARD Inspection Report (March 31, 2024)
- Gross NPA
- 23.45%
- Net NPA
- 8.81%