Guru Raghavendra Sahakara Bank depositors say they continue to face hardships ...Middle East

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Guru Raghavendra Sahakara Bank depositors say they continue to face hardships
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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. "On January 10th, 2020 this bank went bust and all depositors were afflicted by this restriction as they had no access to their own money. Depositors have been allowed to withdraw the maximum of Rs.1 Lakh from one and a half years", they said in a statement.

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