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
South Kanara police are doing wonderful job around...now they must take action against those bajrangies who had done ugly job around this incident....
In this case book the hate mongers and levy heavy penalty on them. They should be jailed for not less than 10 years with penalty of not less that 50 lacs for the loss of property done by the follower of these hate mongers. Take away their voting right and kick them out of karnataka.
If there are no instances of forcible conversions, what action they are going to take against those who accuse without any evidences? What action they are going to take against those hate mongers who incite communal hatred by using falsified allegations? At least a warning that it won't be repeated again or an public apology?
Now a days, Poojary's, Shankaracharya's Are converting to islam.
https://www.youtube.com/watch?v=3rJZWrX-fzk
Crorepati acharya Sanjay dwiwedi, who converted to islam, and preaching islam. Now leading a common life
@viren
UK's No 1 News channel
http://www.dailymail.co.uk/news/article-1343954/100-000-Islam-converts-…
There is no force involved to convert to islam in anywhere of
If nothing is found by the Police, then why these dogs are barking in Kalladka ???/ ...
Dear brother Viren Naren
Please use your intellect that God has given U before it perishes with God's permission... Atleast PONDER on what PREM says and research on it before spreading your VeNOM without knowledge of ISLAM in this forum...
TRUTH will prevail however u try to deceive people... Anyway try your best but also note that U need to look into QURAN before making enemies with the TRUTH.
Without knowledge of your enemy ... U look Dumb.
Viren Kotian,
Who's forcing you to accept Islam???
But, you can be booked for inciting communal hatred between communities using this forum.
Prem and true (anti) Indian are doing religious propaganda here. coastaldigest.com should not entertain such comments. This is not a religious forum. They are encouraging religious conversions. DK police should take necessary action against such comments.
ISLAM is the only religion accepted by God...
Eternal life begins when death happens...
Dont worship the creation of God, thats the only sin which will not be forgiven by God... (associating partners with God...)
Know who is our CREATOR before bowing down to created things..
God is merciful and most compassionate... A honest heart will find God if his intention is right to know about God...
To know about God and his attributes read religious scripture specially the QURAN (the quranproject online) a manual to MANKIND... Read to understand about Creator not to Hate... please, as a human brother ... keep away your hatred and make effort to know who is our CREATOR rather than falling prey to some hate mongers...
USE YOUR GOD GIVEN INTELLECT...
Surah barakah 2:256
There shall be no compulsion in [acceptance of] the religion.
Forcing anyone to convert is not allowed in islam.
No other religion book says so.
Add new comment