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A large protest broke out yet again today.
Bengaluru:
A large protest was held yet again in Bengaluru today to seek relief for the depositors of the crisis-hit Guru Raghavendra Cooperative Bank as they urged the Reserve Bank of India to resolve their issues without delay. The bank had hit the headlines in January when the RBI began an investigation into the financial irregularities amounting to over Rs 1,400 crore.
The central bank had imposed a set of restrictions early January for the next six months or until further review at the time. The bank was not allowed to carry out any further transactions and the amount of withdrawal allowed to each depositor was limited to Rs 35,000.