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
If we Muslims bow down , We bow down to only the lord of the worlds, a creator who created U, me and all that exists.
We must bow down in humility to Almighty God only, not his creation which is man made.
Physically we should bow down somewhere, and naturally to some direction. If we were to do it right now, we would be bowing towards a random direction. our physical presence on earth forces this upon us as a prostrating Believer to GOD almighty, whether you like it or not.
The bowing down to God Almighty in the direction of the KAABA or the city of Mecca in general is a way to UNIFY all MUSLIMS to bow down to God Almighty, as one body and one unity, towards ONE DIRECTION & towards the mosque.
As to WORSHIPING the cubic black bldg. the Kaaba, We absolutely DO NOT WORSHIP IT.
I will repeat what aharkul mentioned : Umar RA came near the black stone and kissed it and said \ NO doubt, I know that YOU are a STONE and Can neither Benefit anyone NOR Harm anyone. Had i not seen ALLAH's apostel (Prophet Muhammed pbuh) kissing you, I would not have kissed YOU.
While there are traditions about kissing or touching the stone, its real significance is a MARKER of the point at which one starts the tawaaf (Circumambulation) .. A stone is just a stone."
Mr. Nothing But True, Listen Why Muslim Kissing the black stone in KAABHA because our Great Prophet (S.A) kissed the black stone which is braught from Heavan by Angels. Becuase of this only all Muslim Brother's and Sisters kissing Black Stone of Kaabha following the sunnah of Our Prophet (S.A.) Nothing Else.
Umer (R.A) before kissing the black stone said that there is no any special with you . I am kissing because our prophet (S.A.) kissed you. So Everyone should worship one god and not the creation.
Mr. Reality..you look like \Shishlya\" of Mr. Zoker Naik..before preaching others about Creator and Creation, why can't you apply this principle to yourself? WHY ARE YOU KNEELING TOWARDS AND KISSING \"THE BLACK STONE\" IN KAABA? Please throw the stone to Garbage..."
NA TASYA PRATIMA ASTI... There is no image of God
Bhagwad Geeta says in Chapter 7 Verse 20.
Those whose intelligence has been STOLEN by MATERIAL desires WORSHIP demigods besides the TRUE GOD.
It is mentioned in chandogya upanishad, Propathaka chapter 6, Khanda seciton 2, Shloka
EKAM EVADITIYAM : He is ONE only without a second.
Then Y are worshiping idols and different man made creative gods which cannot help themselves.. How can you guys not using your intellect when your OWN SCRIPTURES says not to DO SO>>>
Its HIgh time hindu brothers should know the REALITY and consequences it will take when we ignore the CREATOR and worship the CREATION.
WORSHIP THE CREATOR NOT HIS CREATION.
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