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Pratibha Mahila Sahakari Bank : ウィキペディア英語版 | Pratibha Mahila Sahakari Bank
Pratibha Mahila Sahakari Bank (Pratibha Women Cooperative Bank) is a cooperative bank founded by Pratibha Patil, (who later became the President of India ) in 1973 in Jalgaon in Maharashtra with the objective of empowering women. Pratibha Patil is a senior leader of Indian National Congress and President of India. Pratibha Patil was the founding chairperson of the bank and later one of its directors along with many of her relatives. She is currently one of the 34 respondents in an ongoing case in the Aurangabad bench of the Bombay High Court on the subject of mismanagement of the bank and misappropriation of funds. Reserve Bank of India (RBI), revoked the licence of the bank in 2003 after it was found out that the bank had illegally waived interest on loans given to many of Pratibha Patil’s family members . == Enquiries ==
The bank was declared as weak by the Reserve Bank of India in 1995. Two enquiries under the Maharashtra Cooperative Societies Act were ordered in July 2001 and April 2002.
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