The City Co-operative Bank President Dinesh M Venkatalingaiah said that Congress leader Dhruvaraj has been unanimously chosen to contest for the director’s post of the bank and appealed the members to vote for him in the elections scheduled on June 26.
Addressing a press conference in the city on Friday, he said that the elections to the post of director at City Co-operative Bank, which fell vacant following the demise of Ananthu, former president, will be held on June 26 at Maharaja PU College between 9 am and 4 pm. Dhruvaraj has been unanimously chosen by the eleven administrative council members and we request our members to support him in the elections. Those who wish to contest elections may file nominations.
On the day of elections, members should carry ID card issued by the bank without which they will not be allowed to vote.
Further he said that the City Co-operative Bank with 22,000 members has made a profit of Rs. 34,11,281. We have decided to give a 10 percent dividend to bank members after consulting the RBI. The members can also enroll for the Yashaswini Scheme till July 30.
Administrative council members M Puttaswamy, N Laxman, M S Nemichandra, M S Nemichandra and others were present.