This year, it shall be a bright Diwali for the pensioners of Kangra central co operative bank (KCCB) of Himachal. “The pension scheme shall be launched for its retired employees before Diwali,” said Jagdish Sepahia, Chairman of KCCB said in Dharamsala on Satureday. Sepahia said that on the directions of Himchal CM Vir Bhadra Singh, the management of the bank has brought a solid scheme for retired employees. He said,” a fixed pension amount varying between 5000 to 15000 PM shall be paid in accordance with the post they retired from.” The pension amount shall be paid from the interests of 25 crore of employees welfare fund and 3% yearly contribution from net profit of Bank (rs 12 crore is already in in the pool) and other such funds.
Sipahia said , “all 16 posts of Directors were comfortably won by Congress candidates in just finished 5 yearly elections ,making a record to kept BJP men away from directors board.” He said that in the meeting of the board of directors of KCCB held in Dharamsala , Jagdish Sepahia and Karan Singh Pathaniawas unanimous elected chairman and Vice Chairman.
“KCCB is the 5th largest Co Op Bank of the country, and no 1 in the state” , said sipahia and has a Working Capital rs 625966.00 lakh .