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
Hi faizhal bhai ...artha aithu bidi ....Johnny walker beku antha indirect agi kelta ideera. ...papa en madakke Agathe ...DEC 31st sigree Johnny walker nalli abhisheka madistini padubidrili.
adsari triple talaq baratte antha tension suru agirbeku ....haha .. Careful kanree hendru case haakidre kabbaddi adida reason ge monthly maintence kodbekaguthe ...konege Dana kadiyo vehicles saha ada idbekaguthe ....
Adsari ...binder nalli burnol business jora ...surgical strikes and triple talaq matter admele bp tablets demand jaasthi agidyanthe howda...haha...neevu Johnny johhny walker antha irodu nodidre gottagutte ...
Wonder why Naren keep shifting his base very often.... now in Singapore
Why....India is not safe?
Naren....Johnny Johnny yes papa.....this is not the topic here...... forget the world...we are talking about saffron terrorism in our country..and the world already knows who created IS...your American fathers and Israel Aliyas......OK...wake up...from your pills nashaa
People like Naren & Viren can only support sadist and womanisers like Trump...
thats the mindset of sanghis
nareen kotian is abnormal let him say ..he need treatment....
Naren mama, Sangh can't be destroyed. because no one is interested to destroy it. after all sanghis are also going to apologize to the nation one day. But currently your sangh has decided to destroy the nation. We will not allow for that. Ur ultimate aim is bringing BJP to power and making india a Hindutva country. but the aim of common man of India is peace and co-existence. (Plz dont translate peace into arabic :p)
Worst than Islamic state ? Haha ...as per Islam ..non muslim women are considered as slaves ..so Isis following that theory cmon man ...
u guys scream how much ever u want ...our sangh can never be destroyed ....love u sangh parivar ......trump mama bandu Islamic state ge benki haako dina dura illa ....surgical strikes admele mini Pakistanis gala demand for burnol has increased 4 times Anthe ...
Indian version of ISIS
So what TAG will applied to thus group. Are they Desh Bakth. Is it allowed to hold such weapons. If ithis type of offence carried out by minority immediatley they will apply terrorist label. Now we have to wait and see active central govt and their chela TV media's comments.
For peace loving Indians account this group is terroriit. Worst than ISIS
Add new comment