Bengaluru: Account holders queue up outside Sri Guru Raghavendra Co – operative Bank to withdraw their money #Gallery
Bengaluru: Account holders queue up outside the head office of Sri Guru Raghavendra Co-operative Bank to withdraw their money, in Bengaluru on June 20, 2020. Karnataka Police's Anti-Corruption Bureau (ACB) department raided the offices of Sri Guru Raghavendra Co-operative Bank on Friday. According to the department, deposits amounting to Rs 1,400 crore have been misappropriated in the bank, by violating the Reserve Bank of India rules. In January, the RBI had curbed the city-based private bank from doing business with immediate effect for alleged irregularities in transactions. Following the RBI curbs, panicked customers rushed to withdraw Rs 35,000 each from their accounts, a limit set by the central bank back in January. (Photo: IANS)moreBengaluru: Account holders queue up outside the head office of Sri Guru Raghavendra Co-operative Bank to withdraw their money, in Bengaluru on June 20, 2020. Karnataka Police's Anti-Corruption Bureau (ACB) department raided the offices of Sri Guru Raghavendra Co-operative Bank on Friday. According to the department, deposits amounting to Rs 1,400 crore have been misappropriated in the bank, by violating the Reserve Bank of India rules. In January, the RBI had curbed the city-based private bank from doing business with immediate effect for alleged irregularities in transactions. Following the RBI curbs, panicked customers rushed to withdraw Rs 35,000 each from their accounts, a limit set by the central bank back in January. (Photo: IANS)moreBengaluru: Account holders queue up outside the head office of Sri Guru Raghavendra Co-operative Bank to withdraw their money, in Bengaluru on June 20, 2020. Karnataka Police's Anti-Corruption Bureau (ACB) department raided the offices of Sri Guru Raghavendra Co-operative Bank on Friday. According to the department, deposits amounting to Rs 1,400 crore have been misappropriated in the bank, by violating the Reserve Bank of India rules. In January, the RBI had curbed the city-based private bank from doing business with immediate effect for alleged irregularities in transactions. Following the RBI curbs, panicked customers rushed to withdraw Rs 35,000 each from their accounts, a limit set by the central bank back in January. (Photo: IANS)more
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