[Resolved]  Pen Urban Co-Operative Bank — Procedure to get refund against fixed deposit

When you will deposit/ deposited in
NON Nationalized Bank ie Co-op or even Scheduled Bank please check their CRAR (Capital to Risk weighted-Assets Ratio) which should be GREATER than 9. If it is 9 or less plz try to be away from that bank. AS per RBI bank manager has to show this to us when asked for it. It is a ratio of bank's captal to its risk. RBI track a bank's CRAR to ensure that it can absorb a reasonable amount of loss and complies with statutary capital requirement. One of the Nationalized bank's CRAR is 3 which is much less than 9 but being natonalized our money remains safe over there.
Also NPA (Non Performing Asset) should be as low as possible (almost zero). NPA is a loan or an advance where interest/installment ...etc remain overdue for a period of more than 90 days.
SO PLEASE CHECK CRAR & NPA of your bank.

The Bank Funds have been mis ciphned for acquiring land for building colleges by Mr. Dharkar and Family thats why this issue came up. From As RTI Act RBI Must publish the Loans and List of Defaulters. Please SAVE the people of Karjat who blindly invested every penny in this bank

THE PEN COOPERATIVE URBAN BANK — MONEY IN BANK IS LOCKED

I HAVE BANK FDS RECURRING ACCOUNTS AND SAVING ACCOUNT IN
THE PEN CO OPERATIVE URBAN BANK WHICH IS NOW LOCKED.
WHAT TO DO?

Some Tips to take investment decision in cooperative bank or society - 1)See who are in the Board of Directors : whether politicians, builders, big businessmen, and their real image. Whether they are attached to which group e.g. Any social mandal/group, sangh, etc. Be known to the ideology of that group, the years they are in it, their personal standard of living, property, their profession/service, social work by them etc. 2) ROI - Rate of Interest on deposits to public - whether it is not much higher than general level in the market. 3) NPA - Non performing assets i.e. overdue loan and provision to bear it, if not recoverable. Net NPA should be nearer to zero and Gross NPA (without considering provision) should not be more than 12 to 15%. 4) CD Ratio - Credit Deposit Ratio. Loans given should be upto 70% of available funds. i.e. 30% liquidity required to pay at all times if depositors demand their deposits back. 5) Capital Adequacy - i.e. own funds. Out of total funds, own funds should be 9% or more. 6) Be always in touch with that organisation and keep your look on the above points always.
S.Joshi

Very useful information. thanks.
RTA123

AFTER SCRUTINY AND COMPLETING FORMALITIES EACH ACCOUNTHOLDER MAY GET MAXIMUM RUPEES ONE LAKH ONLY THROUGH DEPOSIT CREDIT &GUARANTEE CORPORATION.DEPOSITORS SHOULD TRY TO BRING PRESSURE ON LOCAL POLITICIANS TO ENSURE THAT THE BANK IS TAKEN OVER BY SOME PSU BANK.

DILIP MRHENDALE
SOCIAL ACTIVIST
[protected]

My Father has deposit all of his retirements funds in Pen Co-op Bank Karjat in fix deposit moneyhow an we get our money back If somebody knows the procedure to go ahead, please let us know, as all my parents money is stuck in the bank Please help


shiv

good one

Guys all we are doing is talking and complaining about the bank fooling us, it will not work, this site is not going to do any thing for us, we must do some thing more much more then just expressing our conserns, its our hard earned money, i suggest lets keep takeing some effores every day and keep our efforts posted so we know what every one is trying to get our money back, for me i am trying to communicate with some TV channels to cover this issue and make it known to as many people as they can, no one has agreed to cover this story yet but i have not given it up, we all has to do some thing please guys do not give it up, All we need is good communication and high moral
regards
Sachin Sharma

Please inform me regarding refund as soon as possible... Mere Mehnat ka Paisa hai, kisi Haram Ki Kamai nahi Hai.. Please give me return...


VILAS GOMARE, NERAL

My wife invested Rs 75000 / in pen co po bank as a fixed deposit plz let know how i can receive this money back. I have invested this money in khopoli branch. My email [protected]@yahoo.co.in.

Urban-bank pen — money refund

We understannd that bank transctions are stopped by reserve bank of india as not fullfiling audit points.in this situation how i can get my fix deposit money .whether it is guarnteed and when i can get.
sunil.of.[protected]@gmail.com


sunil shah
pen - Raigad...

Hello,

Really felt so bad as evn my fathers all harden money(FDs) are also with Pen co-op bank... evn im praying to god ...this is the time where MNS can show their power against tht frauders and help all people whose money is with bank...not only MNS but also all political parties should do something ..government should take action on sos basis...afterall rest life is depend on that money...
And if political party dont do anything thn they hve no right to beg for vote for next election...

Bregds
Saylee Tambe
(Karjat)
now in Bangalore

Hello
Even my dads all FDs with this pen bank...i really felt very sad...All political parties should help people whose money is with bank..if minister put the pressure on frauders thn bank will start soon..MNS can show their power against these frauders..as coz of these frauders, , , , normal human being is suffering...all frauders become crorepati after eating our money...god will never forgive them at all..forgotsake at least never do any fraud yaar...If politician dont do anything thn thy have no right to beg for votes for next election...

Bregds
Saylee

My father has kept his entire PF and all the money in the PEN urban Bank.He is in hope that someday he will get all his blood shed money back...lets keep our finger cross...Feel bad for those who are dependant on the monthly interest...Vijay

Same here. i am also fighting for getting back my money.

Any news on this matter?

'Grahak Sangharh Samiti' is fighting in Mumbai high court lets hope for good we shall help them in terms of money or moral support i have already been given the cheque of Rs.1000/- to Sangharh Samiti for more details contact in day time MR.Prabhakar Purendere Dadar Mumbai Ph[protected]

Regards

S.Damle
Karjat

Any update? When will the bank re-open?

Pen Cooperative Urban Bank Ltd. — Procedure to get refund against fixed deposit

We understannd that bank transctions are stopped by reserve bank of india as not fullfiling audit points.in this situation how i can get my fix deposit money .whether it is guarnteed and when i can get.

Pl advise us suitably