Creating frame work to generate economic growth, achieve social justice & strengthen governance. Home :: Reprieve for Guru Raghavendra Bank depositors Reprieve for Guru Raghavendra Bank depositors Ever since restrictions were placed on the Sri Guru Raghavendra Cooperative Bank in Bengaluru South, Yaduveer worked to protect interests of depositors, who are mainly senior citizens with their retirement savings invested in the bank. His inter- ventions first made the Government increase deposit insurance from Rs 1 lakh to Rs 5 lakh, then brought regulation of all co- operative banks under RBI and finally ensured that depositors get their deposit insurance within 90 days of filing an applica- tion. The Government’s moves have benefited 98.3% of the depositors and 50.9% of the deposit value in all banks.
