Bengaluru, Jan 14: Days after the Reserve Bank of India (RBI) capped to Rs 35,000 the withdrawal limit of Sri Guru Raghavendra Co-operative Bank, BJP MP Tejasvi Surya on Monday reassured account holders and said Finance Minister Nirmala Sitharaman was personally monitoring the issue.
Taking to Twitter, Surya said, "I want to assure all depositors of Sri Guru Raghavendra Co-operative Bank to not panic. Hon'ble Finance Minister Nirmala Sitharaman is appraised of matter and is personally monitoring the issue. She has assured the government will protect interests of depositors. Grateful for her concern."
The Bengaluru South MP also attached a letter in his tweet where he had appraised Sitharaman of the situation.
"Finance Minister, after speaking with the RBI governor and other authorities concerned, assured Surya that the government will do everything in its capacity to protect the interests of the depositors and the long term interests of the bank," the letter read.
It said that Surya also reached out to Sitharaman "three times on January 13" after which she reassured him that the "depositors need not panic".
RBI had, on January 10, imposed certain restrictions on Sri Gururaghavendra Sahakara Bank Niyamitha.
"In particular, a sum not exceeding Rs 35,000 of the total balance in every savings bank or current account or any other deposit account may be allowed to be withdrawn subject to conditions stated in the above RBI directions," the notification said.
The regulatory body said that the bank will continue to undertake banking business with restrictions until its financial position improves.
"These directions shall remain in force for a period of six months from the close of business of January 10 and are subject to review," it said.
The bank has been restricted from granting or renewing any loans and advances, make any investment, incur any liability including borrowal of funds and acceptance of fresh deposits, disburse or agree to disburse any payment whether in discharge of its liabilities and obligations or otherwise, enter into any compromise or arrangement and sell, transfer or otherwise dispose of any of its properties or assets except.
Comments
Urgently he should visit a psychiatrist!!!! friends would you like to suggest any doctor in mangalore????
Even at this age Yeddi did not lose the sense of humour!
No doubt.. this time BJP will win and yeddy will be our CM.. Jai yeddy. Jai Bharat
BJP is the eonly one party in INDIA taking care of Muslim community. A small list as follow Beef Ban;Head Scarf ban; Objection on prayer call;Objection on religious teaching Madrasa now the latest with TAJ MAHAL.
Since bjp and their leaders are supporting from all corner with Muslim community then how the Muslims go against bjp. for Yeddi and Shobha they will support 100%
I am a muslim, and do not support BJP or yedyurappa
Modi wave we cant see not even in north states. In karnataka congress will win.
Yeddurappa proving he is shameless creature.. How can he say that.. He and his party all against Muslims and still telling that they are in good terms
Yeddy cant even dream of that.
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