A large crowd of angry depositors led by MLA Devendra Fadnavis on Wednesday burnt RBI's effigy in front of office of joint registrar in Sitabuldi to protest RBI's decision to cancel Mahila Urban Cooperative Bank's licence.
The depositors later gheraoed joint registrar Rajesh Bhusari. They asked him why RBI had taken this decision all of a sudden. When Bhusari expressed his inability to offer any explanation some of the depositors lost their cool. They then demanded that Bhusari should find out a solution otherwise they would not lift the gherao.
Fadnavis charged that RBI alone was not responsible for the situation but the task force constituted by the state government did precious little to save it. He claimed that two banks based in Karad and Kalyan were ready to take over the bank but the government did not show any initiative to make it happen.
Bhusari tried to contact cooperation commissioner Krishna Lavhekar but he was not available on phone. He then talked to cooperation minister Harshwardhan Patil. The minister told Bhusari to take legal advice and then challenge RBI's order. Bhusari told the depositors that Lavhekar was coming to the city after attending an important meeting in Amravati. RBI's decision would be challenged after discussing the issue in detail with the commissioner, he said.
The depositors later gheraoed joint registrar Rajesh Bhusari. They asked him why RBI had taken this decision all of a sudden. When Bhusari expressed his inability to offer any explanation some of the depositors lost their cool. They then demanded that Bhusari should find out a solution otherwise they would not lift the gherao.
Fadnavis charged that RBI alone was not responsible for the situation but the task force constituted by the state government did precious little to save it. He claimed that two banks based in Karad and Kalyan were ready to take over the bank but the government did not show any initiative to make it happen.
Bhusari tried to contact cooperation commissioner Krishna Lavhekar but he was not available on phone. He then talked to cooperation minister Harshwardhan Patil. The minister told Bhusari to take legal advice and then challenge RBI's order. Bhusari told the depositors that Lavhekar was coming to the city after attending an important meeting in Amravati. RBI's decision would be challenged after discussing the issue in detail with the commissioner, he said.
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