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Chittoor Cooperative Town Bank going in problems

September 25, 2004
Chittoor

The customers of the Chittoor Cooperative Town Bank (CCTB) – a popular bank in the region decided to launch a stir when they began to feel that the bank has been duping them. The Reserve Bank of India (RBI) – the authority on the Banks in India has already imposed restriction and limiting maximum withdrawal money to Rs 1,000 per customer. Many customers of the bank have already withdrawal their money to the maximum extent making the revival of the bank much worse.

Unofficial sources say that the Directors of the Bank have already taken their money few days before the RBI restrictions were imposed.

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