Mumbai: MDCC Bank director, co-op member fined Rs 24,000

Mumbai | Thursday | 17th January, 2019

Summary:

The Information Technology (IT) secretary has directed one of the current directors of the Mumbai District Central Cooperative Bank Ltd along with another cooperative bank member to pay a fine of Rs 24,000 to MDCC Bank for obtaining information about bank customers without following proper procedure. The complainant in the case is Satish Patankar, manager of MDCC Bank. 2 (Yeshwant Khele) obtained the bank accounts of the customers of the complainant bank by contacting his friends (handling) at the RTI. Patankar, through his lawyers Prashant Mali and Tejal Patel, argued before the court that Sondeo Patil, the current director of MDCC Bank, and Khele, associated with a cooperative society affiliated to the MDCC Bank, were involved in data theft where they accessed several bank statements, loan information and so on, leading to losses for the bank. AdvertisingMDCC Bank chairman and legislator Pravin Darekar said, “While making allegations against the bank, Patil and Khele had given data of bank customers to mediapersons and put it up on social media thereby compromising bank security and hence we had approached the courts against them..