Suvarna Sahakari Bank controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2008
Alleged ₹436.74 crore cooperative-bank fraud
The founder and fourteen board members were arrested after a complaint alleged that bank powers had been misused to approve loans, including loans to connected firms, that later defaulted. The defense disputed the allocation of responsibility and argued that a disbursement committee handled the relevant approvals.
2006
Asset-quality crisis and depositor panic
Reported non-performing assets rose sharply, prompting regulatory restrictions, a moratorium, board supersession, and large-scale withdrawals. Depositors later protested alleged misinformation and problematic lending.