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Will recover ₹50 crore soon: Sri Guru Raghavendra bank


Customers of Sri Guru Raghavendra Sahakara Bank Niyamita standing outside the bank in Basavanagudi on Monday to collect coupons to withdraw their money. V. Sreenivasa Murthy

Sri Guru Raghavendra Sahakara Bank, on which the Reserve Bank of India (RBI) had imposed operational restrictions, on Thursday said it was confident of recovering ₹50 crore from defaulters in cash and through liquidation of collateral in the next few days.

The bank’s chief adviser Vasudeva Maiya told The Hindu, “The bank today met defaulters at a borrowers’ meet and we have asked them to pay up the money at the earliest, failing ...


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