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Cong, NCP ministers behind cooperative bank's fall

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  • Published On: May 12, 2011
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The alliance between the Congress and the NCP in Maharashtra has been jolted due to the storm surrounding Asia's largest cooperative bank. RBI dissolved the board of the powerful Maharashtra State Cooperative Bank based on a NABARD report on the bank's finances which shows how factories controlled by politicians including cabinet ministers from the Congress and NCP who took loans worth hundreds of crores and never paid back.
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