........Although no formal announcements have been made in this regard yet, it seems that the distressed bank has hit upon a formula for its woes. Depositors with the bank complain that it has come to their notice that the authorities have decided to pay out only 65 per cent of the deposit amount, which means they would have to let go of the remaining 35 per cent. In a meeting held at Bhavani Peth yesterday, over 500 account holders unanimously decided to protest against this arrangement. The meeting comprised of depositors from all walks of life including pensioners, saving account holders, small and medium businessmen, traders and enterprises..........
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