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
Dear Sangeeth, If U carefully reading your VEDAS which says God is ONE and there is no image of GOD. U will use your intellect to know Why VEDAS says so... ARE we worshiping lifeless objects? U will come to the conclution that there is only ONE GOD who has no image where VEDAS is speaking the TRUTH. Please Learn more U can also check thequranproject online.
Learn why Vedas mention NA TASYA PRATIMA ASTI - There is no image of God. Y are U worshipping lifeless objects ... She recognized the TRUTH... Now she need to inform her parents to contemplate on the message of VEDAS which says there is only one God and no image of him. Then U will know who needs justice.
I think Hadiya already understood and she is very intelligent to recognize the Cheddi deception of keeping the hindus away from the TRUE GOD.... in Hindu scriptures it is mentioned that there is no image or statue of God. NA TASYA PRATIMA ASTI... I request the NON muslims to ask with the HINDU scholars if there is no image of God in the scriptures why are V worshiping the stones, statues (which are lifeless) ? TRUE GOD ALLAH will guide those who are HONEST in looking for him who is worthy of Worship.
She accepted Islam after developing an interest in that particular religion while studying homeo medicine and living with Muslim roommates. Her marriage was happened later through a matrimonial site. Respecting their parents feeling, every individual has the freedom to accept any religion and also to decide their life partner. There is no element of love jihad as sanghis propagate.
#JusticeForHadiya #StopSaffronTerror
If it is not love jihad and their love is pure, why she got converted. He could tell her to stay in her religion and could have married her. Thier aim is different. not love. Its love jihad.
Have to wait what cheddi people will do next.
Love jihad.. Proper love jihad. Father must get justice. Court should give justice to her father.
Cant blame her father. We will tell secular things untill it happen to us. That father must have had lot of dreams of her marriage. Everything got spoiled, even after that also she got converted. A normal cant accept as being father
Hadiya's father is thinking as cheddi people
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