NEWS & ADVICE : PERSONAL LOAN
Depositors of Rupee Bank facing problem due to delay in merger
By Vaibhav Aggarwal
Oct 10, 2014
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Recently it has been that Customers of the Rupee bank are protesting against the delay of the bank. Due to the delay in the decision of the process of the merger of the bank, the depositors are facing problem. Since the bank has stopped the withdrawals and the transactions are been suspended the customers are disappointed.

In order to display their dissatisfaction and report that they are facing problem the depositors has planned to protest at the Alka theatre chowk on October 11. The bank has been under the administration of cooperation commissioner representative, Sanjay Bhosale, after the Reserve Bank of India suspended the bank’s board of directors in February 2013. Up till now the Apex bank has not done the merger of the bank completely. The process keeps on extending from time to time increasing the problems of the depositors.

The RBI is looking for some nationalized bank because only such a bank will be able to put in resources necessary to bring Rupee Bank back on track.


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