Belagavi: DCC Bank President Annasaheb Jolle on Monday warned of strict legal action against individuals allegedly spreading false and misleading information about the bank. Addressing a press conference at a private hotel in Belagavi, he said notices have already been issued to Dr. Mahantesh Kadadi, and similar action will be taken against Ramesh Katti.
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Jolle stated that the bank is fully committed to safeguarding the interests of depositors, borrowers, and farmers. He highlighted that the DCC Bank has disbursed ₹3,700 crore in zero-interest loans to 4.75 lakh farmers, earning the distinction of being the highest lender to farmers in the state.
Refuting claims of financial instability, he said bank deposits have continued to grow despite the alleged propaganda. Deposits have increased by ₹500 crore in the last three months, taking the total to ₹5,575 crore since the new board assumed office in November last year.
He clarified that withdrawal and re-deposit of funds by farmers is a routine process linked to agricultural activities and urged the public not to be misled by false narratives. Commercial loans, he added, are issued strictly against adequate security, and the bank will present a comprehensive financial report after the current financial year ends on March 31.
MLA Balachandra Jarkiholi also addressed the media, stating that legal notices have been issued to those making baseless allegations against the bank. He warned that defamation cases would be filed if the allegations are not withdrawn and apologies issued.
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