Chittoor District Co-operative Bank closing?

Ramesh2

Chittoor District Co-operative Bank closing?

Postby Ramesh2 » September 26th, 2004, 9:22 pm

There is a news on the bank at http://www.chitoor.com/news/2004/septem ... n-bank.php where it was mentioned that the bank is on the edge of panic

Is this true? I wonder what the RBI and the Government are doing when the banks are looting with people's money in a public way.

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mandangi
Telugu Veera
Posts: 2018
Joined: June 22nd, 2004, 1:09 pm
Location: Srikakulam district, Andhra Pradesh

Postby mandangi » September 27th, 2004, 11:27 am

RBI laws are not so strict. So many private and co-operative banks are bankrupting.
In India rich people become more rich and poor people become more poor. Because our politicians are following pro capitalistic policies.
Praveen Kumar Mandangi

karthik

Re: Chittoor District Co-operative Bank closing?

Postby karthik » July 14th, 2005, 4:58 pm

Ramesh2 wrote:There is a news on the bank at http://www.chitoor.com/news/2004/septem ... n-bank.php where it was mentioned that the bank is on the edge of panic

Is this true? I wonder what the RBI and the Government are doing when the banks are looting with people's money in a public way.


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VyricharlaRahulKumarDeo
Telugu Teja
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Joined: October 27th, 2004, 10:49 am
Location: Gunupur, Rayagada district, Orissa

Postby VyricharlaRahulKumarDeo » July 14th, 2005, 8:38 pm

I can say one thing clearly. If RBI starts liquidation of that bank, court do not interfere directly.


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