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
Feeling deeply hurt while reading such news about this Genius, Brilliant and highly knowledgeable person. What was his mistake ?that he called people toward truth? made them spend proper life and to lead a peaceful life which may benefit mankind in both the world?? he spoke the truth publicly is the terrorism??is he provoked anything which made his team to kill anyone. Many people in the world appreciating about his deeds but same time many people talking bad about PM Modi so who is what here. His Allah is with him and he is a strong believer. May Allah protect him from this calamity Aameen.
Islam says Suicide is an unforgivable SIN...
ALLAH gave us this LIFE, and QURAN is the manual to understand what is LIFE...
Non-Muslims should read the QURAN (U can check online thequranproject) to understand better, How ALLAH created Life and death and What is the purpose of this life...
QURAN is not just for the Muslims... it is a GUIDANCE from our CREATOR To the whole of UNiverse... Please look into it... U will be enlightened.
Those who are HONEST in looking for the CREATOR... ALLAH will Guide them... thats the trust we should have.... God is GREAT (ALLAHU AKBAR)
NA TASYA PrATIMA ASTI... there is no image of God....
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Enemies of ISLAM plan, But ALLAH has a plan...
Everything happens with the will of ALLAH. ALLAH's plan will Succeed..
Non Muslim should use their God given intellect to VERIFY what wrong thing Dr. Zakir naik says... If he is bringing near to the one LORD ALLAH to U guys then accept it (Even vedas says NA tasya pratima Asti - There is no image of GOD) Dont U think as Human beings are the smartest creation of ALLAH who can analyse and reason when they use their INTELLECT.
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Wake up guys... and PONDER on what ZAKIR NAIK says and Stop believing whatever LIARS want U to believe.
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