bengaluru panic stricken depositors milled around the sri guru raghavendra cooperative bank here on tuesday to withdraw their money days after the reserve bank of india rbi capped the withdrawal limit to rs 35000the depositors mostly senior citizens were concerned about their money deposited in the bank and worried as to how long it might take for the situation to get resolvedexpressing disappointment about the banks response to their concerns many said they put their money in the bank as it provided an additional 1 per cent interestsome depositors even compared the situation with another pmc banklike crisisbank officials maintained that depositors money was hundred per cent safe and are expected to hold a meeting with them on january 19one such meeting that was supposed to be held on monday could not take placebanks chairman k ramakrishna said the bank has stability and there was no reason for depositors to worry or panicstating that rbi restrictions cited the rise in nonperforming assets npas he said npa during last march was 050 per cent but as they have taken the numbers of the last eight years there is some confusion the restrictions are not permanent it is temporary in the interest of the depositors and the bank banks license has not been cancelled he saidrequesting depositors not to fear he further said the management was committed to set things right and the bank has a good record of over 20 years on their sidehe said the bank has not given any benami loans and has rs 2200 crore securitywe are in talks with rbi to bring in normalcyplease dont panic on hearing what others are saying he addedmeanwhile bangalore south mp tejasvi surya said finance minister nirmala sitharaman has been apprised of the matter and was personally monitoring the issuei want to assure all depositors of sri guru raghavendra cooperative bank to not panic honble finance minister smt nsitharaman is appraised of matter is personally monitoring the issue she has assured govt will protect interests of depositors grateful for her concern he tweeted last nightthe mps office in a statement has said that the finance minister has even spoken to the rbi governor and officials on the matter and assured surya that the government would do everything to protect the interests of the depositors and in the longterm interest of the bankthe rbi had directed that from the close of business on january 10 a sum not exceeding rs 35000 of the total balance in every savings bank or current account or any other deposit account by whatever name called may be allowed to be withdrawn by a depositoraccording to sources rbis restriction was because the bank had seen a default of rs 350 crore on loans over the past three months