Now Reading: Belagavi cooperative bank awaits government nod for 134 posts
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Belagavi cooperative bank awaits government nod for 134 posts
The Belagavi district central cooperative bank is waiting for the state government's approval to fill 134 vacant posts, MLA Balachandra Jarkiholi said at the bank's 105th annual general body meeting on Monday.…
The Belagavi district central cooperative bank is waiting for the state government's approval to fill 134 vacant posts, MLA Balachandra Jarkiholi said at the bank's 105th annual general body meeting on Monday. The recruitment drive, covering 110 clerks, 23 peons and one security guard, is expected to be completed before December if the government clears the proposal in the coming months.
A previous attempt to fill these posts was cancelled by the government due to irregularities in the reservation roster. More than 21,000 candidates had applied then. Jarkiholi said the bank will rectify the errors and invite fresh applications once approval is received. He also cautioned that loans to sugar factories must be carefully assessed, noting that about 50 factories in the region are crucial for sugarcane growers.
Bank chairman Annasaheb Jolle said agricultural loans at zero interest have risen from Rs 3,300 crore to Rs 3,727 crore, and deposits reached Rs 6,703 crore. The loan repayment rate stands at 99.78%. The loan limit for sugarcane cultivation has been raised to Rs 50,000 per acre, unlocking an additional Rs 700 crore in credit for farmers in Belagavi district.
Indian Opinion Analysis
Cooperative banks in Karnataka require government clearance for recruitment, and delays often stretch for months when reservation rosters are contested. The 134 posts here represent a significant portion of the bank's workforce, and the earlier cancellation after 21,000 applications shows how a procedural error can stall hiring entirely. The bank's 99.78% repayment rate and rising deposits suggest it is financially sound, but pending recruitment could strain operations if key posts stay unfilled. The government's decision on the proposal in the next few months will determine whether the December deadline is met.
Source: thehindu.com
This brief was synthesised by AI from the source linked above.
