Bengaluru (Karnataka) [India], August 14 (ANI): The depositors of Sri Guru Raghavendra Sahakara Bank on Saturday said they continue to face an extremely difficult situation in accessing their money after a restriction was placed on the bank under U/S 35A of the Banking Regulation Act 1949 (AACS) by the RBI.
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Sahakar Bharati leader Satish Marathe, its President Ramesh Vaidya, its Karnataka’s leader State General Secretary Krishna Reddy and others met the Karnataka Cooperative Minister S T Somashekar and discussed the matter related to the beleaguered PMC and Guru Raghavendra Sahakara Bank.
“The delegation raised a host of issues with the ministers and urged him to resolve them sooner than later. They also urged the minister to meet Union Finance Minister Nirmala Sitharaman and asked him to expedite the process of PMC bank and Guru Raghavendra Sahakara Bank so as to protect the interest of depositors”, said Reddy to this correspondent on the phone.