Bengaluru, Jan 14: Assuring depositors that their money was "100 per cent safe" with the bank, Sri Guru Raghavendra Sahakara Bank Chairman K Ramakrishna in Bengaluru on Monday said 62 loans had locked up Rs 300 crore of deposit.
"Your money is 100 per cent safe with Sri Guru Raghavendra Sahakara Bank. It's my responsibility," Ramakrishna said at Sri Guru Narasimha Kalyanamandira auditorium, to assure depositors.
He was addressing angry customers of the bank at a public hearing. Due to the 62 dud loans, the Reserve Bank of India (RBI) had restricted the lender from executing business, Ramakrishna said amid shouting by depositors. The RBI has limited withdrawals by depositors to Rs 35,000.
"The bank is saying I can't withdraw more than Rs 35,000. In case of our fixed deposit maturing, we will have to renew it as we can't encash it, " said Nagaraj M, 49, who has been dealing with the bank for the past six years.
To assuage customers, the call to an assistant commissioner of police by Bengaluru South MP Tejaswi Surya -- not present -- was relayed on loudspeaker live and the MP claimed that he had spoken to Finance Minister Nirmala Sitharaman to help the customers.
Ramakrishna said he would meet customers again on January 19 with all the details and numbers. Dramatic scenes and pandemonium ruled the auditorium before his arrival. Thousands of bank customers threatened to go en masse to the police station and file a case against Ramakrishna.
As he addressed the gathering in Kannada, hundreds of depositors shouted back at him seeking clarifications. At the auditorium, thousands of depositors earlier demanded the bank chairman's presence to clarify the matter.
The lender had invited depositors to the auditorium at 6 p.m. to update them on the bank's status, following a RBI directive restricting the bank from doing business with immediate effect.
"We want the bank's directors here," shouted a depositor from the stage. A handful of policemen were trying to control the crowd and bring order to the assembly. Many elderly and retired persons had arrived to know the fate of their savings. Several women were also present at the meeting.
"It was a good bank with only 0.5 per cent NPAs. Now we can't trust any bank. See what happened with the PMC Bank," said another customer.
Shankar Sharma, 38, an employee of a private company, said majority of depositors were senior citizens and retirees. "I don't have an account with the bank, but my mother, uncle, aunt have deposited money in it. I came for them, " said Sharma. He said many of the bank's 35,000 clientele deposited more than Rs 5 lakh, which had total deposits of Rs 1,600 crore. The bank started operations in 1999.
Ramakrishna was escorted away to safety by the police after his speech even as the depositors were screaming and agitating for justice.
Comments
my dear hindu brother and sister dont blive in RSS they are not fighting for hindus they are fight to bring back the bristish rule bcoz they love thm bcoz they get everything wht they frm thm so they want thm back thz the reason they celebrate birth anniversry of killer our father of our nation tippu was curel for british and also for the people who support the british thtz y RSS says tht tippu is curel
India need another brave like Tipu sultan to eradicate RSS from the country.
RSS quotation itself proves that world has no matching personality like TIPPU for Nationalism and defence of country. For British - Tippu, Bhagat Singh, Sukhdev, Ashfakullah Khan, Ghandiji, S.C. Bose... the list is endless.... all were Terrorists. It was Timid Savarkar and Hindutva fascists joined hands with British, worked against mother India and responsible for the massacre of thousands of Freedom Fighters of India. Till today these anti-national forces neither recognised Secular India, nor constitution, tricolour flag, national anthem.. rather they use all these to destroy Secular India. Founder of RSS openly said NOT TO FIGHT AGAINST BRITISH and advocated his goons to fight against Muslims. This is the history of RSS & British
Why siddana and his chelas want to celebrate this coward tippu jayanti.......hope siddana want to make karanataka islamic state by apeasing minority community.....!
This is what RSS is , RSS didn't want independence coz they had a close with British , British even killed Bhagat Singh , Raj guru and sukhdev as traitor but we Indians still treat them as freedom fighters , I think RSS treat them as cruel ????
Shame on u bloody RSS people , you guys have no rights to be in india h better go to ur British bhais.
Dear Cheddies (Now Pantees),
who brought Silk from Persia to India....how many farmers are living beacuse of silk in India...just think it....
I think Cheddis were hand to hand with British against whome nationalist were fighting during independence
Britishers know that because of tipu. India got independence.
To British, Mahatma Gandhi was a traitor & an enimy !
Every patriot was an enimy !
Nathuram Godse was a murderer ! Why should anyone need a lesson by those who celebrate Mahatma's killers jayanti??
Now RSS and British are Bhai Bhai (Brother's).
We got Independent on 1947 But for RSS Chaddis they lost their Freedom on 1947.Wa Re Wa Chaddis.
What if the Tipu was a Hindu. The tune of RSS would be different.
Apna cheddy nahi Sambhal sake. Abhi pant per uthargaye.
All Indians fully understand that the RSS was actively in support of the British, and did ABSOLUTELY NOTHING to fight for India's independence from colonial rule. Its a known fact that USA has already enlisted RSS a terror group and has to be banned.
If he is cruel for british then of curse is hero for Indians.
If in front of RSS, Mahatma Gandhi is criminal, who else is good fro them.
RSS needs high level medical treatment. This is true not joke.
Whoever discussing any subject where RSS is involved, it is waste of time and finally it is stupidity to talk to them.
Just see what they did to Mahatma Gandhi and how they are glorifying his assassin Naturam Godse.
Unfortunately it is our unluck, still in India the majority of the people are their supporters therefore they were able to keep their puppet BJP in centre.
God, give them wisdom.
Who is British - Grand fathers of rss - they jointly involved in the cruel murder of our father of nation - GANDHI - they are the supporters for anti nationals and hindu terroristssss
British people considered all freedom fighters as cruel. Do you think all freedom fighters are cruel. in fact You guys are cruel. killed mahatma gandhi and other human beings in riots. RSS is following the foot step of Zionist, Nazism. they are deceiving people.
Oh yeah... Your savarkar / glovalkare was following British rules and they were feared of British rulers,. But Shahid Tippu was real tiger / hero of india / world. so british was too worried. Common man bloody RSS now wana prove based on British comments. hehehh.. shameless people. Being a tippu not a Savarkar
Yes ... This is the real face of the cheddis which was hidden for long time..the cheddis will follow their chachas (British) who want to rule over the people just like they used to rule over india and take all the resources and enjoy their life by making others to enslave them...
The hindus who think RSS is fighting for hindus is just a deception... U will surely see this in the near future...
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