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
this is really foolish to give this kind of advertisement. Kanhaiya is getting free marketing out of fools like this. Very soon he will be famous & become politician too. When Aamir khan PK was released, some fools in Gujrath did marketing for PK movie by putting ban on the movie. This is also gonna be same. Already Kanhaiya is famous but the person who announced this money has given positive review towards JNU President. Now People all over India will know JNU president is Clean without any black mark on his career
Dear Randeep, you should read the news everyday it is officially declared that 60% RSS Goons are there in our Police force what more you can expect from them, it is clear that RSS and even BJP should be banned and we need a good government to rule the country not this fake, uncivilized and lyre BJP Govt.
A speech by Comrade Kanayya is revolutionary and praise worthy. Every Indian citizen must watch his speech in JNU campus. And his chat with Barkha Dutt, NDTV, unbelievable. His thought are very high for his age and his heart for the downtrodden, dalits, ST/SC/and minorities is praise worthy.
By announcing the reward for his killing or cutting his tongue clearly indicates Sangh Parivar and BJP's real intentions and their role in his sedition case.
Long live Kanayya,
RSS cannot stop people from speaking from their heart...independent India gave all its citizens right to speak, nobody can curtail that right from anyone....if they kill one Kanhaiya, there will be more of him born in India....it will be multiplying...how many they will kill...forget about 13 lakhs...13000000 crores will not be enough for it....
WE WANT AZAADI FROM RSS
WE WANT AZAADI FROM VHP
WE WANT AZAADI FROM ABVP
Ban RSS
What else to be expected from the Terrorists ???
Killing, Bloodshed, Riots, Rape threats to women, Disturbing Peace, Attacking religious places, Attacking lonely and even Old Aged, Harassing Innocent People .......... What not ?.
They have forgot that Death will not come to them ?
A Cheddi deception to put u in trouble just like Godse..
No one will get this money... Black money still on que
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