x

Like our Facebook Page

   
Early Times Newspaper Jammu, Leading Newspaper Jammu
 
Breaking News :   Failed' P Chidambaram's tweets don't bother us: BJP | KAS officers aghast, Hassan Mir likely to join PDP in lieu of son's posting | Why SSB, PSC hide merit points, answer keys of job aspirants? | NC-Cong gang up to end PDP-BJP rule in JK | As protests in Valley turn louder ahead of Darbar Move, officials apprehensive | ES DG modifies his own order! | Garbage greets Vaishno Devi pilgrims | Machail Yatra: Aviation firm again eyeing contract on forged certificate | 'PDP wants Kashmir Inc to join anti-Ganga tide' | Hyundai launches ‘All New Xcent’ | HC to observe holiday on Apr 25 | MLA Kathua claims threat to life, seeks CBI probe in attempt to poison him | Students protest against minor's rape, seek speedy probe | Security forces gun down 2 Lashkar militants in Budgam | HC stays Govt order, issues notice to respondents | HC seeks compliance of SC directions on deciding bail pleas in one week | Contractual lecturers forum strike enters 68th day | Poor people run pillar to post, influential's make hay | DDC Udhampur places nine DIET officials under suspension | Dedicated SWD official transferred prematurely , allege locals | Sruinsar, Mansar lakes sans development | Harsh takes dig at Ram Madhav for his "love and war" comment | Rain, hailstorm lash Kashmir, maximum temp dips | NILM organizes Swatchh Bharat Abhiyan | Traffic police conducts special drive to check violations by matadors | CPMF celebrates 4th Annual Day | PDA Kick starts massive plantation drive to observe Earth Day | Reorganization of J&K only viable solution in present Kashmir crisis: KPC | Shocker! Guests invited to medical congress asked to pay registration charges | TWO RED LETTER DAYS of 2017 | BJP upset at Altaf Bukhari's remarks against Centre | After Subramanian, Sheshadri questions PDP-BJP alliance | Defective equipment makes SCNU non-functional at district hospital Rajouri | SP persuading Sr Officer to post his ‘favourite' SI as PP head | B&J Hospital runs in unsafe building | Kashmir unrest as described by Major Gaurv Arya | Valley of deaths: Two of family die, two other injured in fresh landslide at Drabshala | Doctors’ strike forces DC to Surrender, revokes suspension order | Anti-encroachment drive launched | Strong winds, hailstorm damage houses, fruit crops in Kashmir | Mairaj-ul-Alam holiday on April 25 | Special train for Katra to clear rush | Water level in Dal Lake above normal, below danger mark in Jehlum | Chief Justice reviews progress of under- construction District Court Complex | Power shutdown | Politician-officer nexus badly hits MGNREGA/BADP schemes in Rajouri | Raj Bhavan orders removal of red lights and sirens from its official vehicles | Mughal road reopens tomorrow, Jmu-Sgr Highway through for one-way only | Model Academy organizes investiture ceremony | District level Inter-school speedball competition conducted | 5-Day theatre festival begins at Abhinav Theatre | NAAC Peer team visits GDC Poonch | Infant Jesus HSS Hiranagar emerges winner | World Health Day observed | Vishali, Gulfam, Damini, Akash , Rishav bag scholarships | DPS excels in all India essay writing contest | CTF welcomes newly elected President of JBA | AJKCA trains 1000 kids in mega workshop at Katra | Vishwa Bharatiyans bring laurels in inter-national olympiad | CTA delegation meets Minister of education | Inter district symposium held | JKFA to depute team for Women National Football Championship at Phagwara | Mehbooba pitches for declaring Srinagar, Jammu as CNG cities | Govt makes Consumer Commission functional, nominates two members | NMC bats for declaring "May Day" as holiday | NCP hails decision for banning ‘Lal Batti’ culture | Back Issues  
 
news details
Irregularities in disbursement of loans surface at EDB Anantnag
Bank officers under scanner
2/17/2017 12:22:55 AM
Saahil Suhail

Early Times Report

ANANTNAG, Feb 16: Large-scale irregularities in disbursement of loans under the Kissan Credit Card scheme have surfaced in Eliaquai Dehati Bank which has released a whopping amount of rupees 100cr in Anantnag district against Rs. 1.58Cr.
Highly placed sources told Early Times that Bank is under the surveillance of Reserve Bank of India (RBI) for the alleged irregularities that have surfaced during an internal inquiry.
"Total allocation to the Ellaquai Dehati Bank for agriculture financing including Kissan Credit Card in Ananatnag district during year 2015-16 was 21.84Cr and outlay for the bank under KCC was 1.58Cr but the bank disbursed a whopping amount of Rupees 100 Cr in Anantnag district alone," sources revealed.
They said that massive irregularities have been committed by the authorities including branch managers in release of KCC loans. "The Ellaquai Dehati Bank authorities have released the money without analyzing the Demand Credit Balance," sources alleged.
The massive irregularities in disbursing the KCC loans can be gauged from the fact that a group of people from Y K Pora Qazigund had filed an application at Police Station Qazigund alleging that EDB had sanctioned loans and withdrawn money from their accounts without informing them. "They (applicants) actually had applied for KCC loans but Bank authorities had then conveyed them that their cases haven't been cleared but later they (applicants) came to know the loans had been sanctioned and money had been withdrawn from their accounts," a police official said.
He said that these people approached police after they were asked to repay the loans that they hadn't availed.
"On the written complaint, Police has registered an FIR (12/2016) under relevant sections at Police Station Qazigund and investigation is going on" he revealed.
Sources claimed that authorities seemed to have sanctioned loans without fallowing the laid guidelines and procedure. "Loans were released for non-agricultural purpose. Besides, necessary procedures were not followed while clearing loans," they said.
An insider claimed that bank managers have considered fake loan clearance certificates and land holding records and haven't verified the documents provided to them by the consumers. "A Bank official is bound to visit and see himself the land which a consumer claims to own," he said, adding loans seem to have been sanctioned on fake land holding records.
Highly placed sources alleged that top officials of the bank are involved in the fraud and are under scanner.
"As per the Reserve Bank of India (RBI) guidelines, this bank fraud of more than Rs 100 crore should be handed over to the Central Bureau of Investigation (CBI)," official whishing anonymity said.
However the top officials of Ellaquai Dehati Bank including chairman and Regional Manger South Kashmir refused to comment over the issue.
  Share This News with Your Friends on Social Network  
 
  Comment on this Story  
 
 
 
Early Times Android App
STOCK UPDATE
  
BSE Sensex
NSE Nifty
 
CRICKET UPDATE
 
 
 
 
 
 
 
 
   
Home About Us Top Stories Local News National News Sports News Opinion Editorial ET Cetra Advertise with Us ET E-paper
 
 
J&K RELATED WEBSITES
J&K Govt. Official website
Jammu Kashmir Tourism
JKTDC
Mata Vaishnodevi Shrine Board
Shri Amarnath Ji Shrine Board
Shri Shiv Khori Shrine Board
UTILITY
Train Enquiry
IRCTC
Matavaishnodevi
BSNL
Jammu Kashmir Bank
State Bank of India
PUBLIC INTEREST
Passport Department
Income Tax Department
JK CAMPA
JK GAD
IT Education
Web Site Design Services
EDUCATION
Jammu University
Jammu University Results
JKBOSE
Kashmir University
IGNOU Jammu Center
SMVDU