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
now innocent children are also not spared by hindutva
These kids are like clan flowers not seen the world. Very innocent.
How a person can have hatred OR enmity with such innocent kids.
This guy does not represent all Hindus, this is his own corrupt ideology. However his fellow Hindus have responsibility to correct him, to change him by hook OR Crook. One guy spoils the name of entire community is not acceptable in the civil society.
We are with the saddened parents and friends of these kids.
Uneducated goons and their leaders.....expected......when this guy dies please notify in media so the whole world can comment....Sattadu ondu naai alla ....municipality garbagige haaki....
shame on him no matter what he is or which religion he belongs to, he is not worthy of being human.. if he has no mercy for humanity.. put those aside, we have more people from different community who prayed for all those blessed souls.. today i attended juma in one of masjid.. and there was dua after prayer including these children's n all those who passed away in such tragedy. #beahumanfirst #humanityismypriority
RSS and Bajrangi has become more dangerous for human. They started to think like animals.
After worshiping stone for many years their heart has became stones permanently.
WHAT one can expect from this inhumans, cruel communal minds,even animals have mercy to each others and they express it some forms, but these so called chad.....is are now proved to be worse than that.. may the almighty creator protect the people of our nation from such ANTI HUMANS..
Add new comment