Madgaum Urban Co. Bank employees demand salaries due for 2 months
02 Sep 2021 06:21 PM
There is a circular stating that the employees services will be calculated upto 29th July. And this was unaaceptable to them.
Madgaum Urban Cooperative Bank officers and employees staged a protest outside the head office at Aquem on Wednesday.
After the bank went bankrupt, the RBI cancelled the banking license of the bank on 23rd July this year.
A liquidator has been appointed. President of Madgaum Urban Bank Employee Union Prasanna Uttagi said that they had permanant employees and their services are governed under the provision of the industrial disputes act.
The Liqidator should abide by the past management rules and pay their dues untill their services are terminated.
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