Solan, Himachal Pradesh: The BJP on Saturday demanded decisive action to resolve the financial crisis at the Baghat Urban Cooperative Bank, where nearly 80,000 depositors continue to face hardship after the Reserve Bank of India (RBI) put a cap on withdrawals. The BJP members protested against the ruling INC for not finding out a solution for the same.
As per the restrictions imposed 80 days ago, depositors can withdraw only Rs 10,000 within six months, leaving many unable to access their savings, while 11,000 shareholders have also been unable to claim their dues.
The Reserve Bank has imposed several restrictions on Solan-based The Baghat Urban Co-operative Bank, including a Rs 10,000 cap on withdrawal per customer.
With restrictions in place, The Baghat Urban Co-operative Bank cannot, without prior approval of the RBI in writing, grant or renew any loans and advances, and incur any liability, including borrowing of funds and acceptance of fresh deposits, among others.
“Considering the bank’s current liquidity position, the bank has been directed to permit withdrawal of a sum not exceeding Rs 10,000 of the total balance held in savings bank or current accounts or any other account of a depositor, but is allowed to set off loans against deposits…,” the RBI said.
Members of the BJP’s Urban Mandal staged a protest outside the old DC office, urging the state government to announce a bailout package or facilitate the bank’s merger with a stronger and more reliable institution, to allow operations to resume and restore public confidence.
Shailendra Gupta, president of BJP’s Solan Mandal, demanded strict legal action against those responsible for the financial irregularities, including bank officials and management, to prevent similar crises in the future. He accused the Congress-led state government of “persistent indifference” and criticised local minister Dhaniram Shandil for maintaining “stoic silence” despite the crisis affecting “more than 95 per cent of his constituency.”
BJP leaders said around 80,000 depositors and their families were struggling both financially and mentally, yet neither the government nor the local minister had taken concrete steps to address their plight. They also questioned why the issue had to be raised by Sri Naina Devi MLA Randhir Sharma in the recent Assembly session, instead of by the constituency’s own representative.
-
-
-
-
-
-
-
-
-
-
-
-
