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35,000 of the total balance in every savings bank or current account or any other deposit account may be allowed to be withdrawn subject to conditions stated in the above RBI directions," the notification said.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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Y So serious Modiji?????
'Haraka baraka 'means if we make movements it will increase something or it will give fruit. He is moving ,struggling , let other parties move even they will get some fruit.
Yes congress leaders will meet at beef dinner party....
Mr.Ibrahim no need bend yourself in front of PM or any human being. Learn from PC.
WOW! Came to distribute 15 Lakhs Rupees!
vikaas ka bakwaas......please translate it in malayalam......
sawaa sau karod hindustaani.....same bla bla bla.....
Kerala BJP , this time please arrange a good translator for Modi, last time it was a big joke. We are already tired of watching Modi's hundreds of jokes.
Shri Modi Ji will improve BJP's chances.Good Luck.BJP may get more seats in RS,which it needs very much.
Shri Modi Ji will lead BJP to a better performance with his Electrifying and thunderous Speeches
Thiruvanantapuram is super excited to welcome PM narendramodi.
welcome modiji,.
Ramanath Rai may meet in the dinner party
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