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
As he is journalist, he might have some sense.
We Muslims have the guidance from our prophet (Peace be upon him) in all aspects of our life.
Kuffar of Makkah, Taif have hurted him, troubled, though suffering lots of troubles he has set example of not retaliating them. He has slowly convinced what is true message, what is truth in it.
As he is journalist, it is not difficult to convince him the message of Islam. Usually most of the journalists are brave and they remain strong with truth. He is also from Kodagu. Try to meet him and debate with him on Islam. If Allah bestows him Hidayat, he might understand true message of Islam and accept it. We have example of Omer Bin Khattab - may Allah pleased with him.
"Madiddunno maaraaya" gaade maathu tilidirabeku
still 80% majority dogs in forest think that 17% lion will kill them one day..he is scared now!!!LOL
dont hurt any religion, all are good but people who become manager of god are very vrey bad.
if you want to do money, do in good way not by spilling venom about other religion. even if road cleaning also, that you will earn respect in front of GOD.
Assure God faith peace loving people will never do such threats. This is pre-plan and this fellow was tapped in the net. Now facing life threat by his in house people. This is their HQ conspiracy to destabilize the las and order and innocent publics normal life. After their god fther recent city visit their groups noted leaders are now in full pledge with their criminal mind set. All peace loving Kannadiga including Mr.Thammaiah and his family has to be carefull.
Such criminl incidents will appear more and more till 2019 election.
If you are a true follower, Nobody can hurt religious sentiments. Unwanted issue. He should be released. and he need protection also
He should be punished properly. He hurt religious sentiments and some media supported to that. They hid real facts.
Fake. Media worked for him. Now he cooked up new story
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