Sanghani skirts RBI diktate on dividends; offers interest-rebate
Amreli DCCB helped 300 co-op societies thru interest-rebate: Sanghani
An ace cooperator Dileep Sanghani knows how to overcome the limitations of state laws. The matter relates to RBI not allowing distribution of dividend to shareholders of co-op banks in the wake of pandemic.
Hitting upon a novel idea, Sanghani led Amreli District Central Cooperative Bank decided to offer rebates in the accrued interests on loans taken by the shareholders associated with hundreds of small co-op societies in this case. “A brilliant way to fulfil both the RBI norms and help farmers!”, cheered co-operators.
Amreli DCCB: Sanghani continues to be rooted; wins 6th time
Congratulations pour; IFFCO MD one of the firsts to complement
Leaders draw their strength from their roots and Amreli DCCB is the root of NCUI President Dileep Sanghani. He has proved again that he continues to be rooted by winning for the sixth term as the Chairman of Amreli Jilla Madhyastha Sahakari Bank. Arunbhai M Patel has been re-elected unopposed as the Vice-Chairman of the bank.
After the declaration of the results, Sanghani was profusely garlanded and cheered by his supporters. An emotional Sanghani expressed thanks to his supporters. The news of his re-election, spread like wildfire on social media platforms where everyone started congratulating him for his victory.