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Angry mob shuts down cashless banks in Kerala

Branches of banks including Canara Bank, Kerala Gramin Bank, State Bank of Travancore, and Syndicate Bank were forced to close down and many branches chose to suspend all their transactions for the day.

Malabar region in Kerala faced the anger of the people on Wednesday and at many places banks which did not have money to dispense were forced to shut down by mobs.

Branches of banks including Canara Bank, Kerala Gramin Bank, State Bank of Travancore, and Syndicate Bank were forced to close down and many branches chose to suspend all their transactions for the day.

Several branches of Canara bank in Kozhikode district of Kerala- such as at Payyoli, Thooneri and Parakkadavu- were shut down my angry mobs. People, when got to know that the bank did not have money to pay them ran out of patience and started slandering, and also forcibly shut down the banks.

Most of the Canara bank branches could dispense only a portion of Rs.24,000 cash allowed to be drawn. A Kozhikode city branch started dispensing Rs 6000 to customers in the morning but later it got reduced to  cash ration to Rs.4,000.

An official told The Hindu that the bank’s Kozhikode city chest had not got its refill on Tuesday and hence the ATMs went dry.

Kerala Gramin Bank, which operates in the rural areas, had also to bear the brunt of the customer anger.

When failed to dispense cash, several of the branches of the bank were forced to close. At Morayoor, Tanur, Makkaraparambu, Karuvarakundu, Vaniyambalam, and Koottayi in Malappuram district, the angry mob staged protests. Even at one branch, the branch manager fainted due to the pressure.

Kozhikode KGB’s Vilangad branch was shut down by hundreds of customers who gathered to draw cash. When local panchayat president and others intervened, the situation pacified.

 

 

 

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