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co-operative banks

This is a discussion on co-operative banks within the Banking forums, part of the Financial Services category; Dear Sirs, I wish to bring to the notice of all cocerned the following.let it be brought to the notice ...

  1. #1
    Unregistered Guest

    Default co-operative banks

    Dear Sirs,
    I wish to bring to the notice of all cocerned the following.let it be brought to the notice of concerned authorities.
    1) Co-op Banks are working after RBI permits are obtained.
    2) RBI conducts regular inspections.
    So RBI should be made accountable if these banks fail due to mismagement or any other fraud.
    More over the deposits in all banks are insured by DICGC up to 1 lakh rupees.DICGC collects 8 paise per 100 rupees,ie; 8000/1 crore.This runs into 100 of crores every year.
    But depositors are not paid their matured ammount if the bank could not pay due interference of RBI.DICGC comes into picture only after the bank is liquidated.Why should the depositors suffer for follies of RBI?
    It should be clearly told to the customers that they are taking these risks when depositing with these banks.
    PMKRAO.

  2. #2
    Nitin Vermas Guest

    Default co-operative banks

    Dear Admin,

    After so many thoughts in my mind, after lots and lots of patience.
    After waiting and in hope that this bank will be committed to their
    dates but they are not, after 9 Reminders at regular intervals and have
    been following up for the last 1 month and 21 days.

    After lost a ray of hope that my hard earned money will be back in my
    account. But nothing has happened till now.


    Please Please have a look on the chain of mails below. I hope its only
    you who can now do something.



    Regards
    Nitin Verma
    9811094078

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