Financial Daily from THE HINDU group of publications
Friday, Feb 15, 2002
Financial Daily from THE HINDU group of publications Friday, Feb 15, 2002 |
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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 According to bank officials, the total amount withdrawn by the depositors totalled Rs 12 crore in cash and Rs 24 crore by way of cheques.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.
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