Financial Daily from THE HINDU group of publications
Friday, Feb 15, 2002

News
Features
Stocks
Port Info
Archives

Group Sites

Home Page - Co-operatives
Money & Banking - Co-operatives


Panic drawals from Rupee Bank

Our Bureau

PUNE, Feb. 14

ANXIETY, panic and anger ruled at most branches of the Rupee Co-operative Bank in the city for the third day on Thursday even as the branch heads tried to pacify angry depositors.

At most of the branches, mobs rushed in and created chaos and confusion. According to bank officials, the total amount withdrawn by the depositors totalled Rs 12 crore in cash and Rs 24 crore by way of cheques.

It may be recalled that the branches had to shell out Rs 12.5 crore on Wednesday, mainly to small and tiny depositors, when the first signs of panic emerged.

Send this article to Friends by E-Mail

Stories in this Section
PM gives nod to APM dismantling


Paradeep sold for Rs 151.7 cr
Discounted cash flow method for PSU valuation
SBI set to cut personal banking product rates
Reliance move on `takeover code violation' -- When a fine cannot be a full stop
Sundaram Fin to buy out Newton stake in AMC
Panic drawals from Rupee Bank
Paid holiday for Bells Controls staff


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |

Copyright 2002, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line