Despite an extensive media coverage of City Cooperative Bank merging with the largest urban cooperative bank in the country Saraswat Bank, the latter’s young Chairman Gautam Thakur has maintained a studied silence.
A cautious cooperator who would like to bid his time rather than jump the gun, Thakur chose not to react when Indian Cooperative tried to know his take on the issue.
It bears recall that Shiv Sena MP Anandrao Adsul who recently met NCP supremo Sharad Pawar in Mumbai in connection with merging his bank City Cooperative Bank with Saraswat said “the meeting was also attended by Saraswat Bank chairman Gautam Thakur. “
But Thakur would neither confirm it nor deny it. Earlier, in the days of his late father Shri Eknath Thakur- there was a murmur about Pune based Rupee cooperative bank finding a suitor in the Saraswat Bank but this proved to be mere a speculation.
Readers would know that the Reserve Bank of India had placed the City Co-operative Bank under Directions through a notice dated April 17.
According to the Directions, depositors will be allowed to withdraw a sum not exceeding Rs one thousand of the total balance held in every saving or current account or any other deposit account by whatever name called, subject to conditions stipulated in the RBI Directions.
The City Co-operative Bank without prior approval in writing from the Reserve Bank, will also not be able to grant or renew any loans and advances, make any investment, incur any liability and be under several related restrictions, said the RBI note.
RBI has, however, clarified that the issue of the directions by the Reserve bank should not, per se, be construed as cancellation of banking licence by the Reserve Bank. The bank will continue to undertake banking business with restrictions till its financial position looks up, it adds.
Shiv Sena MP Anandrao Adsul is the Chairman of the ailing UCB. Readers would know that Eknath Thakur, the late father of Gautam Thakur-the current Chairman was also a Rajya Sabha member from Shiv Sena.
Media quotes Adsul saying “I had sought appointment with Pawar to discuss the issue. He also called the chairman of Saraswat Bank to the meeting,” the Sena MP added. Adsul said he had been in talks with Saraswat Bank for the last three-four months, and both the banks were in touch with the RBI with a merger proposal. “I hope this issue is resolved by next week,” Adsul said.
Sir pls solve this issue at the earliest our hard earned money is deposited in yr bank in our saving and FD’s . We need money to pay for the education of our children’s . One son is in the tenth and all know the tutions fees are very high.
A humble request pls let us withdraw our hard earned money. Pls.
difficult
Very difficult, we are unlucky
It would be nice if a merger takes place.
No one newspaper and news channel is giving to the front coverage. might be the pressure to him from other leaders.
this is not good. for sily news they are giving the importance. Here the issue of 91000 account holders. No one is taking full responsibility.
I am cancer patient.l have my f.d with your bank for my treatment.please do the needful..
Ian cancer patient.l have my f.d with your bank for my emergency and for medicine.So please do needful. In this matter.
Sir pls ha problem solve kara. Amchya kashtache Paise jama karun deposit kela ahet. Amchi mulanche bhavishya andharat ahe fees kashi bharaychi. Jantecha vishwas coop bank var rahnar nahi. Pl bank merg kara hi aapnas vinanti
Merger with saraswat bank at the earliest would be highly appreciated by me
Plz solve problem as soon as
Sir please do your merger as early as possible we are facing money problem. Hoping you that procedure of merging will go in few days.
This is a humble request to you any how you solve the problem we do not care how you will solve you merge or put your personal saving money , but we want our money which we have trust on you and deposit in your bank , we have forget every enjoyment was not going for summer vacation and save money for children education, to buy new house all our earning money is in your bank. I am single parent for my daughter and i have deposit my full salary in your bank every month for my daughter fees i have to asked money from my parents and my neighbour to fees for my daily expenses also i do not have money i have to ask from my friend . we are in very depression i am staying on rental house .So as on humanitarian grounds this is a personal request please give back our money to us. My account is in your Dahisar West Br.
It’s high time Government of Maharashtra takes initiative in arranging smooth merger of City Coop.Bank Ltd with Saraswat Bank at the earliest. All working class of people have deposited their life time savibgs in this bank as interest rate was better than all other similar banks. The current financial position is not too bad. Mr.Adsul must persevere his best with the help of ShivSena Supremo, Respectable SHRI.Udhavji Thakre Saheb to effect the necessary merger with Saraswat Bank whose former Chairman Mr EKNATH Thakur was also SHIVSENA MP just like Mr Adsul. I am sure merger will take place and our money will be safe. THANKS.
My mother who is 88 yrs old having her Fd in dis bank. Kindly solve d problem at d earliest
Respected sir
Pls done the merging with ur saraswat bank. We r very sad and very nervous.
Help us.
I am an ordinary lower middle class woman. Accountant my profession. Working hard day and night for my family. Cutting my stomach to save little. Not fulfilling my daughter’s demand, just save a bit for a future. Not even going for movies and hotels, so that I can save the sum and utilise it for me and my husband during our old ages. Further, I decided to accumulate all my saving, and put it in the most trusted association of nation i.e. Bank. Among all I chose, Credit Co-operative Bank. Slowly over a period of 13 long years, I collected all my savings together and decided to put it in a Fixed Deposit. But, few days, ago I heard a shocking news, Credit Co-operative Bank is closing. Aaahhh, so what’s next, I was completely blank,it was a sudden shock to me. I am not allowed to withdraw my savings All my hardwork and savings in vain.
Nothing left with me;(
Bad, very bad, not happening good with me at all…….
Pl complete the merging process as soon as possible and also pl KEEP US UPDATED ATLEAST WEEKLY ON OUR BANKS WEBSITE AS DECLARED BY YOU EARLIER.. AND BEST OF LUCK FOR ALL THE MEETING AHEAD..