IT is anybody’s guess why the account of the Mumbai Police was transferred from State Bank of India to Axis Bank, a relative novice in the banking industry. Government departments are generally wary of private banks when it comes to the salary account. But the Mumbai Police, for whatever reason, set a new precedent under the baton of former commissioner Anami N Roy, a Sharad Pawar acolyte. Roy also failed to look after the interests of lowergrade police personnel. When Mumbai cops applied for housing loans from the bank, they were told that the account had been transferred on the understanding that no housing loan would be sanctioned for a while. The personnel need the loans as the Maharashtra Police Housing and Welfare Corporation has performed woefully. Nearly 46 percent of Mumbai and Maharashtra police personnel are still without decent accommodation. Senior police officials took up the matter with the top bosses, pointing out that the transfer was unwarranted and the noloan policy amounted to a denial of rights. The issue was then resolved. The cops can now avail of housing loans from Axis Bank.
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