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'Accounts opened without our knowledge or KYC'

The Teachers' Democratic Front moves court against the Maharashtra government's decision of opening the accounts with Mumbai District Centre Co-operative Bank; some teachers allege colleges are hand-in-glove with the bank

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Pravin Darekar, chairman of the MDCC Bank, feels the teachers' union is levelling false allegations against the bank
Pravin Darekar, chairman of the MDCC Bank, feels the teachers' union is levelling false allegations against the bank

Authorities of various colleges have allegedly opened accounts of teachers without submission of their Know Your Customer (KYC) forms, with the Mumbai District Centre Co-operative Bank (MDCB). The KYC forms are important to credit salaries.

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