Bengaluru, Jan 14: Days after the Reserve Bank of India (RBI) capped to Rs 35,000 the withdrawal limit of Sri Guru Raghavendra Co-operative Bank, BJP MP Tejasvi Surya on Monday reassured account holders and said Finance Minister Nirmala Sitharaman was personally monitoring the issue.
Taking to Twitter, Surya said, "I want to assure all depositors of Sri Guru Raghavendra Co-operative Bank to not panic. Hon'ble Finance Minister Nirmala Sitharaman is appraised of matter and is personally monitoring the issue. She has assured the government will protect interests of depositors. Grateful for her concern."
The Bengaluru South MP also attached a letter in his tweet where he had appraised Sitharaman of the situation.
"Finance Minister, after speaking with the RBI governor and other authorities concerned, assured Surya that the government will do everything in its capacity to protect the interests of the depositors and the long term interests of the bank," the letter read.
It said that Surya also reached out to Sitharaman "three times on January 13" after which she reassured him that the "depositors need not panic".
RBI had, on January 10, imposed certain restrictions on Sri Gururaghavendra Sahakara Bank Niyamitha.
"In particular, a sum not exceeding Rs 35,000 of the total balance in every savings bank or current account or any other deposit account may be allowed to be withdrawn subject to conditions stated in the above RBI directions," the notification said.
The regulatory body said that the bank will continue to undertake banking business with restrictions until its financial position improves.
"These directions shall remain in force for a period of six months from the close of business of January 10 and are subject to review," it said.
The bank has been restricted from granting or renewing any loans and advances, make any investment, incur any liability including borrowal of funds and acceptance of fresh deposits, disburse or agree to disburse any payment whether in discharge of its liabilities and obligations or otherwise, enter into any compromise or arrangement and sell, transfer or otherwise dispose of any of its properties or assets except.
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PFI / SDPI only future hopes. for \United India\""
1 clarification,
PFI, SDPI are emerged to defend the communalism of all these RSS, VHP, BJP non-secular groups.
SDPI are definitely a secular minded political party. Getting more popularity amongst Dalits.
As Monu said, there is no comparision of crimes between
I wonder ......some time even secular minded people to show as secular use the comparison of Organizations such as PFI and SDPI to Fascist RSS , VHP and Bajrangdal.......there is no similarity between these ideologies............except organizing power and discipline .....
PFI never raped and killed innocent Indian citizens
PFI never indulged in anti anti national activities
PFI never took law into hands
PFI never wanted an Islamic state in INDIA
PFI always hoisted Indian national flag in all its programs
....etc etc etc
this is so sad to that second time Mr.Mattu used PFI and SDPI as shield to show secular face
We need such honest and fare mind politician, because of these great human being still humanity is alive in this communal society. May God bless you sir!!
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