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35,000 of the total balance in every savings bank or current account or any other deposit account may be allowed to be withdrawn subject to conditions stated in the above RBI directions," the notification said.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.
During the meeting, Sonia expressed her unhappiness over the manner in which the State party leaders handled the controversy over Chief Minister Siddaramaiah's expensive wristwatch, the sources said.
Comments
Remove both siddu and parameshwar from their respective positions. Allow new faces otherwise congress in the state will repeat the same result in state which happened with congress in the central. Siddu is responsible for Hebbal loss.
Well said Ibrahim, no need opposition party to Siddu/Cong when Parameshwar is there. Most Congis are more than Sanghis only diff is CHEDDI is covered in white Lungi/Pyjama.
G Parameshwara is unfit for any post.
Dr. Parameshwar is playing petty politics within Congress as he is eying on the CM post. Instead of his intentions of removing Sidda Ramayya, he should be removed from KPCC president post and Home ministry, as he handled MP Ananthkumar case very badly. His silence on Ananthkumar's rhetoric against Islam indicates that he is very soft to RSS/Saffron thugs.
The KPCC president should be without any ministerial portfolio and best candidate will be MLC Ugrappa. High command should take necessary steps and all vacant posts of Chairmanships and other to be filled with honest congressmen as soon as possible.
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