‘Don’t panic’: Tejasvi Surya to depositors of SGRSBN


Team Udayavani, Jan 14, 2020, 11:13 AM IST

Bengaluru: After hundreds of customers gathered outside Sri Gururaghavendra Sahakara Bank Niyamitha (SGRSBN), a co-operative bank in Bengaluru’s Basavanagudi after RBI issued a notice restricting the bank’s operations, BJP south MP Tejasvi Surya has requested the depositors not panic.

Taking to Twitter Tejaswi wrote, “I want to assure all depositors of Sri Guru Raghavendra Co-operative Bank to not panic. Hon’ble Finance Minister Smt. @nsitharaman is appraised of matter & is personally monitoring the issue. She has assured Govt will protect interests of depositors. Grateful for her concern.”

The Reserve Bank of India (RBI) had curbed a Bengaluru-based private co-operative bank from doing business with immediate effect for alleged irregularities in transactions.

“Sri Guru Raghavendra Sahakara Bank in Bengaluru shall not, without prior approval of the RBI in writing, grant or renew loans and advances, make an investment, borrow funds or accept fresh deposits from January 10, 2020,” the RBI said in a directive was quoted speaking to IANS.

The central bank’s Chief General Manager Yogesh Dayal issued the directive under Sections 35A and 56 of the Banking Regulation Act, 1949, from Mumbai. The RBI, however, allowed the bank’s savings and current account customers and depositors to withdraw cash up to Rs 35,000 only till further notice.

“The private bank will also not disburse payment whether in discharge of its liabilities and obligations or otherwise, enter into compromise or arrangement and sell, transfer or otherwise dispose its properties or assets except, as instructed on January 2, 2020,” said the directive.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Cong’s Yogeeshwara wins Channapatna Assembly bypoll by defeating Kumaraswamy’s son

Gadkari hails Mahayuti, says it prioritised development under PM’s leadership

None of Adani portfolio cos subject to any legal case: Group CFO on promoter indictment in US

20 injured in multiple collisions in Karnataka

Poll trends in favour of Mahayuti because of Ladki Bahin scheme, says Shinde

TTD repairs finger of Lord Rama idol believed to be 1,000 years old

Sealing of illegal hotel borewells in Delhi to continue, authorities tell NGT

Related Articles More

Cong’s Pathan wins Shiggaon Assembly bypoll in Karnataka, defeats ex-CM Bommai’s son

Honeytrap Case: Three held for extorting Rs 3 crore from professor

Cong’s Yogeeshwara wins Channapatna Assembly bypoll by defeating Kumaraswamy’s son

Bengaluru: Woman murders her children, attempts suicide

Congress’ E Annapoorna wins Sandur Assembly bypoll in Karnataka

MUST WATCH

Naxal Leader Vikram Gowda

Christmas Cake Fruit Mixing

DK Shivakumar

Rose Cultivation

Geethotsava


Latest Additions

Cong’s Pathan wins Shiggaon Assembly bypoll in Karnataka, defeats ex-CM Bommai’s son

Honeytrap Case: Three held for extorting Rs 3 crore from professor

Cong’s Yogeeshwara wins Channapatna Assembly bypoll by defeating Kumaraswamy’s son

Bengaluru: Woman murders her children, attempts suicide

Gadkari hails Mahayuti, says it prioritised development under PM’s leadership

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.