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Bengaluru Bank's customers feel panic due to withdrawal limit

Tuesday, January 14, 2020 • Tamil Comments
Devan Karthik
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Recently, the Reserve Bank of India (RBI) said that the customers of the Sri Guru Raghavendra Sahakara Bank in Bengaluru can't withdraw more than Rs 35,000 and also restricted the bank from doing business with immediate effect. With the PMC Bank issue still in fresh memory, this has caused much panic in the customers of the Bank.

In this regard, the RBI has said that the licence of the bank has not been cancelled. It can continue to undertake banking business with restrictions till its financial position improves.

With many customers queuing up at the bank, South Bengaluru BJP MP Tejasvi Surya has today said that he wants to assure all depositors of Sri Guru Raghavendra Co-operative Bank to not panic. "Hon’ble Finance Minister Smt. Nirmala Sitharaman is appraised of matter and is personally monitoring the issue. She has assured Govt will protect the interests of depositors. Grateful for her concern," he tweeted out.

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