Lady Banker Attacked in Surat by a Police; After Furore, FIR Registered, Cop Not Named But Suspended
After serious outrage on social media about the attack on a lady banker Canara Bank's Saroli branch in Surat on 22nd June, action was finally initiated with the registration of an FIR (first information report) on 23rd June evening followed by a flurry of action after the finance finister responded. 
 
Based on the information and closed-circuit television (CCTV) footage, the branch officials have filed a complaint with police, which has been tweeted by the police commissioner’s twitter handle. It is learnt that the person involved has been suspended, but angry bankers are demanding an arrest.
 
Banks unions have condemned the attack and demanded strict action against the police constable. Finance Minister Nirmala Sitharaman responded to the outrage this morning and tweeted about having spoken to the Surat collector and the police commissioner. The National Commisison for Women (NCW) also took cognisance of the outrage and assured action against the guilty official. We learn that Ms Rekha Sharma, chairman of NCW also spoke to the victim. 
 
 
According to information shared bankers on the incident that took place on Monday in Canara Bank (e-Syndicate bank) Saroli branch in Surat, two people, one of them a police constable entered the branch and asked for passbook updation. 
 
 
However, after the Finance Minister’s intervention, the police commissioner of Surat visited the branch and assured the staff of protection. The regional manager of Canara Bank also visited the branch. The bank management also engaged with the victim and is understood to have paid her Rs one lakh for medical expenses. It remains to be seen whether a branch manager will be appointed at the branch. 
 
The Saroli branch of Canara Bank is allegedly operating without adequate staff and no branch manager since the incumbent manager has been on a six-month sabbatical since 23 March 2020, say bankers on twitter. Consequently, only Santoshi Kumari, the clerk and Harshad Tiwari, an assistant manager were left to manage all customers. 
 
While the complaint filed by Canara Bank does not mention name of the attacker, according so social media messages posted by some bankers, his name is Subhashbhai Paragbhai from Surat Police.
 
In a tweet, Canara Bank says, "This is with reference to a certain incident at one of our Branches in Gujarat, wherein our staff had been abused by a certain individual. We wish to inform that the Branch has filed a complaint before the police and investigation has commenced. The culprits shall be brought before the law and justice shall be ensured to the victim."
 
Condemning the attack on a lady employee, both All India Bank Employees Association (AIBEA) and All India Bank Officers' Confederation (AIBOC) demanded stern action on the customer for physically attacking and using abusive language on the lady staff.
 
The National Commission for Women (NCW) said it has taken cognizance of the matter and would ensure that the guilty official is brought to justice.
 
 
In a tweet, the Surat City Police said that an “Offence has been registered and action has been initiated” in this incident where the lady banker was attacked in Canara Bank’s Saroli branch by a police constable. 
 
 
The larger issue of bankers having to operate without adequate security and facing assault and abuse remains open. In this case, the constable who attacked the bankers, wasn’t even wearing a mask, thus exposing them to health risks as well. 
 
 
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    COMMENTS

    tillan2k

    1 week ago

    Indian police persons are like 007 James Bond license to kill in extreme... have high immunity from any action

    dn.prakash

    1 week ago

    Madam,
    You have exposed the malady that plaguing co-op sector. Ordinance bringing the sector under RBI is certainly a forward movement. Will RBI will supervise the sector and intervene in right time? Or will it be a case like Axis Bank when RBI intervenes only when everything went out of control? Only time will tell. But certainly the political parties affected by the decision will raise the bogey of Federalism.

    suketu

    1 week ago

    This is happening in Modi and Shah's own BJP ruled Gujrat and speaks volumes of Modi and Shah themselves.

    REPLY

    DVN

    In Reply to suketu 1 week ago

    what is the need to bring in Modi and Shah over here?

    valentine.barboza

    2 weeks ago

    This is just the tip of the iceberg.. with frustration over long hours of work, underpaid, exploited one will see a larger outcome on account of many factors under this current rule. I condemn the ghastly act of the said Constable and insist he be arrested and dismissed from duty and this could serve as a lesson for all for an attack and outraging the modesty of a woman..

    REPLY

    DVN

    In Reply to valentine.barboza 2 weeks ago

    what do you mean by current rule? trying to inject politics in each and every incident!

    ICICI Bank sells 1.5% stake in ICICI Prudential for Rs 840 cr
    ICICI Bank on Monday said that it has sold 1.5 per cent share in ICICI Prudential Life Insurance Company Ltd for Rs 840 crore.
     
    The development comes just days after the bank sold 3.6 per cent stake in ICICI Lombard General Insurance Company for around Rs 2,250 crore.
     
    While announcing its results for the quarter ended March 31, 2020 last month, ICICI Bank had stated that the bank would look at further strengthening the balance sheet as opportunities arise.
     
    "The bank has today divested 21,500,000 equity shares with a face value of Rs 10 each of ICICI Prudential Life Insurance Company Limited, representing 1.50 per cent of its equity share capital on March 31, 2020, on the stock exchange for an approximate total consideration of Rs 8.40 billion," it said.
     
    Following the transaction, the bank's shareholding in ICICI Prudential Life Insurance Company Ltd stands at around 51.4 per cent.
     
    Shares of ICICI Bank rose on Monday following the announcement. Around 2.05 pm, ICICI Bank shares on the BSE were trading at Rs 372.50, higher by Rs 8.60 or Rs 2.36 per cent from the previous close.
     
    Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
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    RBI enhances PMC Bank withdrawal limit to Rs1 lakh
    The Reserve Bank of India (RBI) on Friday doubled the withdrawal limit for Punjab and Maharashtra Cooperative Bank's depositors to Rs 100,000 from Rs 50,000 earlier.
     
    With this relaxation, the RBI said that more than 84 per cent of the depositors of the bank will be able to withdraw their entire account balance.
     
    "On a review of the bank's liquidity position, its ability to pay the depositors and with a view to mitigating the difficulties of the depositors during the prevailing Covid-19 situation, it has also been decided to further enhance the limit for withdrawal to Rs 1,00,000 per depositor, inclusive of Rs 50,000 allowed earlier," the RBI said in a statement.
     
    "... More than 84 per cent of the depositors of the bank will be able to withdraw their entire account balance."
     
    As per the statement, the withdrawal limit under the directions was last enhanced to Rs 50,000 per depositor on November 5, 2019 and the Directions were last extended "vide Directive dated March 21, 2020 upto June 22, 2020".
     
    Overall, this is the fifth time the central bank has increased the withdrawal limit after imposing the regulatory restrictions last year under the provisions of the Banking Regulation Act. 
     
    The RBI had initially allowed depositors to withdraw a paltry Rs 1,000, followed by Rs 25,000 to Rs 40,000 and to Rs 50,000.
     
    According to the statement, the Reserve Bank has been engaging with the stakeholders to explore the possibility of a resolution of the bank. 
     
    "However, the process has been affected due to the lockdown on account of Covid 19 and the continuing uncertainty around the pandemic. Further, the extent of the negative net worth of the bank, and the legal processes involved in recovery of bad debts also pose challenges or limitations in resolution of the bank," the statement said.
     
    "Nevertheless, consultation with various stake-holders and authorities for resolution of the bank is continuing. It is, therefore, considered necessary to extend the aforesaid Directions for a further period of six months to take the process forward."
     
    The PMC Bank scam broke after Housing Development and Infrastructure Ltd (HDIL), a single borrower which accounted for 73 per cent of PMC's loan book, went bankrupt. 
     
    HDIL, in collusion with PMC Bank executives, created thousands of fake customer accounts to re-route funds to itself.
     
    Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
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