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.
The attack took place at KSRTC bus stand in Madikeri on Monday night. The next day a case was registered at the police station in Sullia from where Mohammed Anees and the Hindu girl had boarded the bus.
Comments
Vinasha kaale vipareeta buddi......
These uncultured porkis make their earnings through wrong doings for petty cash and liquor thrown by people from kalladka and pumpwell
These porkis are not doing in love with their community or to protect hindu sisters, when so many of them are being exploited sexually daily by their own brothers.
They have only hatred towards Muslims Christians and Dalits. Bcos they envy empowerment of minorites and backward class
What about their girls sharing their rooms in gulf country.
Ref: Viren......we have KFD Bros...still you taste of KFD
He has to convert her first and only then he can marry her....
Bus conductor and Madikeri depot personnel didn't act as per law. Under such circumstances, bus is required to be diverted to nearby police station in the interest of bus and safety of passengers. Conductor didn't consider safety of passengers and property over reaching destination.
Wondering what kind of training the KSRTC management gives to conductors and drivers. Government and KSRTC should think of it.
send them to LOC
Book these anti social and anti national terrorists under goonda act and put them behind bars for not less than 10 years. This is due to the hate speech by hate nmonger Kalla bhatta. He should be arrested and banned from all activities. Let him be a dummy in his home. Dont let him participate in any activity.
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