B’luru: Depositors of Guru Raghavendra Cooperative bank protest seeking quick resolution from RBI
Team Udayavani, Jan 11, 2021, 4:08 PM IST
Bengaluru: Several depositors of Bengaluru-based Sri Guru Raghavendra Cooperative Bank staged a protest on Monday urging Reserve Bank of India to resolve their issues
As reported by NDTV, The bank hogged the headlines in January when the Reserve Bank of India (RBI) began its investigation into the financial irregularities amounting to over ₹1,400 crore
After which, the bank was not allowed to carry out any further transactions, and the amount of withdrawal was limited to ₹35,000 for each depositor. The depositors had thronged the bank to withdraw the permitted amount. Later, the withdrawal amount was raised to ₹1 lakh in June
The protestors alleged that they had trusted this bank because of the good feedback from Reserve Bank of India but now RBI’s negligence has affected several depositors
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Complaint filed against Flipkart, BigBasket for allegedly making employee work on election day
DKShi ‘kidnapped’ 9-year-old girl for property: HDD
PM Modi, Amit Shah to tour Karnataka from April 20
Lok Sabha election a fight between two ideologies: Rahul Gandhi
Agumbe: Villagers in threaten election boycott over infrastructure woes
MUST WATCH
Latest Additions
India’s boundaries are completely secure: Rajnath Singh
Complaint filed against Flipkart, BigBasket for allegedly making employee work on election day
DKShi ‘kidnapped’ 9-year-old girl for property: HDD
Woman can’t be held accountable for abetting suicide of lover due to ‘love failure’: Delhi HC
I don’t believe in star power: Vidhu Vinod Chopra on why content matters more to him