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    Categories: Business

This State Govt Will Investigate Sudden Salary Hikes Of Co-Op Bank Employees!

Chhattisgarh Chief Minister Bhupesh Baghel has ordered an inquiry into the salary hikes of workers at a state-run apex bank and district cooperative central banks (DCCBs) in the last 10 years.

Background

The probe was ordered after Baghel chaired a meeting of officials on the existing service rules and pay scale in cooperative banking institutions.

He expressed displeasure about more than double hike in salary allowances at the apex bank and DCCBs in the last 10 years as compared to people in similar banking institutions in neighbouring Madhya Pradesh.

The Chhattisgarh State Cooperative Bank is known as the apex bank.

Creation of vacancies

Once the new service rules come into effect in the apex bank and DCCBs, 2,900 posts will become vacant.

These vacancies will be filled at the earliest through the Chhattisgarh Professional Examination Board (CPEB).

Role of DCCBs 

Chhattisgarh was carved out of Madhya Pradesh in 2000. 

DCCBs play a significant role in paddy procurement and disbursements of short term agricultural loans to farmers.

Shreya Bose: Shreya is a freelance writer. Her articles cover current affairs in government, banking, auto, business and other salient news of the day. Each topic is well researched from multiple sources and written with focus on detail.
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