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In the post-COVID period, BDS had to shut down most of its units
The resignation comes ahead of State Assembly elections, adding to the controversies surrounding CPM-controlled cooperative banks in the region.
This move will extend more credit to the MSME sector and boost growth in small-scale industries.
Nisa, a widow whose husband died 11 years ago, has been working at the bank for the past six years.
The officials said the names were entered into the computer system by the bank’s IT wing after an order from the Chairman to the General Manager.
UDF staged a protest in front of the bank, alleging conspiracy to hand over the bank’s administration to the CPM.
Over 250 customers have lodged complaints against the bank's employees and board members.
The verdict, issued on September 18, came in a case filed by Murali NR, who had deposited ₹50 lakh in BDS.
Thirunelly Service Cooperative Bank now owes them ₹8 crore of which ₹1.13 crore belongs to the Thrisslery Shiva Temple, excluding interest.
With interest, the liability has now crossed ₹50 lakh.
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